HGH - Heartland Group Holdings

[winner69]

The Cooperative BANK has branches at Papanui and Riccarton as well as at Burnham Camp (jeez more branches than that thing that has a equity ratio to be proud off)

And mouse no overseas shareholders ..... actually no greedy shareholders at all ... so would be working in the interest of your friend and other depositors .... just like banks were meant to be

I have some money with them

[percy]

Wish him well at the Coop.

Maybe there will be enough demand for a Coop sort of web site, where Coop members could have their say,like those of us who follow shares do on sharetrader.

[GTM 3442]

If New Zealand owned is important, then TSB Bank should fit the bill.

Based in Taranaki, so I'm unsure about branch coverage in other area, but I have used their online services for a long time with no problems - best service I've come across.

[janner]

The sun is shining again here in ChCh so I expect SP to move up to 69cents,however could drop down again if it clouds over again.
Have not seen any institutions buying [yet].Thought we may have seen them once bank licence was granted.

percy.. The insto have already taken their position.. With outside holders.. Ready to pounce... IMHO..

Disc.. Holding ..

[percy]

percy.. The insto have already taken their position.. With outside holders.. Ready to pounce... IMHO..

Disc.. Holding ..

On list of shareholders I have dated 10/12/12 NZ Central Securities Depository Ltd., held 16.8433% of the HNZ shares.I have no way of working out which instos make up that holding.
In shareholder notice 3/12/12 ACC reduced their holding from 7.460% to 6.443% having sold 395,825 shares at average .6925 cents per share.I also note Bryan Mogridge sold 75,000 shares.May be increasing his Rakon holding.???? Bernard Wimp [lo baller] still holds 2mil shares,while Hugh Green Investments hold 1,589,780 shares.

[mouse]

The Cooperative BANK has branches at Papanui and Riccarton as well as at Burnham Camp (jeez more branches than that thing that has a equity ratio to be proud off)

And mouse no overseas shareholders ..... actually no greedy shareholders at all ... so would be working in the interest of your friend and other depositors .... just like banks were meant to be

I have some money with them

He did think of them, will probably do so actually. But it does underline the hill that Heartland has to climb. Of course, they are using PGGWrightson as a sort of branch. But for lending. Depositors probably would like a bank with at least a facade on the building!

TSB could do, they have a Sydenham branch.

[percy]

[QUOTE=mouse;389262] But it does underline the hill that Heartland has to climb. Of course, they are using PGGWrightson as a sort of branch. But for lending. Depositors probably would like a bank with at least a facade on the building!

Not so.Heartland have no trouble attracting depositors.

[winner69]

Percy .... HNZ spokesman

You mentioned a targeted ROE that hnz was going for in one of your reports. What was it and was their any rationale in coming up with such number

[percy]

Out of interest I looked at Westpac on yahoo finance.Their return on equity is 16.82%.Should HNZ achieve this HNZ's profit would be over $60mil.
WBC equity was a low 6.176% 381,890,000/618,277,000.
ANZ bank.ROE 14.88% equity 6.247% 33,220,000/531,739,000
CBA bank.ROE 18.81% equity 5.5% 35,570,000/646,330,000

At the AGM some one asked Jeff Greenslade why HNZ were only achieving 4% ROE.He replied that he intended to get the ROE into double didgets.
[Can't remember if he gave a time frame,but don't think it will take too long].
I think SCOTTY posted UDC result,which I think HNZ should be able to match in the not too distant future,ie and I still think the ROE achieved by ANZ and CBA should be HNZ's goal.

[percy]

The Banking Licence is a big milestone and excellant news for Christmas.

There was an interesting item on Sharechat dated 13th Dec. - "ANZ Bank's UDC Finance unit lifts FY profit by 31% on lending growth."

What I found particularly interesting was that the profit of $37.9 million was achieved on a lending book of over $2 billion. I assume that this is just over the $2b as the article said "UDC's lending book rose 3.5% to over $2 billion"
This is pretty similar to HEARTLAND BANK which has Net Finance Receivables of $2.078 billion.

Surely "THE BANK" should soon be producing a similar result which would make for juicy earnings of 9.75cps ($37.9m divided by the 388,703,975 shares on issue). Currently, HEARTLAND BANK has total assets of $2.65 billion, which would suggest that it has the capacity to substancially improve on this result.

These are my thoughts and I could be quite wrong (but I hope not).

Spot on SCOTTY.
For you winner69