HGH - Heartland Group Holdings

[forest]

If HBL thinks it can have a good return on increased capital, why pay any dividend?

[RTM]

Regarding the SPP, and I'm only wanting to hear fellow investors opinions,but would you not be a bit ticked off if you had say 500,000 shares and you could still only apply for $15,000 worth compared to myself with only 30,000 and effectively(if I obtained the full $15,00 worth) increasing my shareholding by a third at a very good price. That would drop my average purchase price nicely.But for someone with a much larger holding, only a smidgeon.

Agreed...I am a little surprised by this as well. The SPP will increase my average purchase price, but I can live with that.

[Jantar]

..... That would drop my average purchase price nicely.But for someone with a much larger holding, only a smidgeon.

I am another small holder, but buying the full $15000 worth will increase my average purchace price considerably. And yes I will do just that.

[iceman]

I am sort of more with you Forest although I don' t think they should stop paying a dividend. But I think it is very prudent of them NOT to increase the dividend while active with capital raisings through institutional placement and SPP.
At first reading, this sounds like a very solid results.

Kizame, you should direct your question to Percy and see how he feels as he's close to your example given :-)

[Beagle]

Regarding the SPP, and I'm only wanting to hear fellow investors opinions,but would you not be a bit ticked off if you had say 500,000 shares and you could still only apply for $15,000 worth compared to myself with only 30,000 and effectively(if I obtained the full $15,00 worth) increasing my shareholding by a third at a very good price. That would drop my average purchase price nicely.But for someone with a much larger holding, only a smidgeon.

My thoughts are that if someone was holding 500,000 shares they would probably already have heard from their broker regarding the institutional placement last December.

If HBL thinks it can have a good return on increased capital, why pay any dividend?

Let me answer that rhetorical question with another, why do you think they have the dividend reinvestment scheme ?

[RTM]

If HBL thinks it can have a good return on increased capital, why pay any dividend?

I for one would not own them then Forest. I have no desire to live off capital gains. I want to live off the dividends from my stocks.
I don't want the drama of having to sell and rebuy something else....or at least....I want to minimise that going forward.
What I am looking for in my share portfolio are stocks that will appreciate nicely over time, and pay a reasonable steady dividend. At the moment Heartland is meeting those requirements very nicely.

[BlackPeter]

If HBL thinks it can have a good return on increased capital, why pay any dividend?

Why do you think they should waste all these nice imputation credits? Given their DRP shareholders can get the best of both worlds ...

[JeremyALD]

Has anyone else got an email from HBL offering the SPP - I noticed it said documentation has been sent electronically but I haven't received anything. Want to make sure I don't miss out!

[percy]

Yes pleasing to have the SPP price set,and that shares issued will receive the dividend.
For me it looks as though my best course of attention is to apply for the SPP for both my wife and myself,and take the cash option for the dividend.This is because I will need to dip into our rainy day funds to take part in the SPP.
The result shows Heartland's strategy is on course.All through the result, it is pleasing to see the huge growth they are already achieving with DIGITAL LOAN ORIGINATION;"Open for business"up 142%.I-finance up 26%,Harmoney up 69%.
Interesting to note 25% of Australian REL origination is on line,and taking "open for business" to Australia makes sense.
Taking a cautious approach with their support of Spotcap, and paying $1mil for 25% holding of Fuelled ,and providing them with a $2mi debt facility,will be appreciated by shareholders.
Getting the ROE up to 11.6% is a very good achievement.
Overall Heartland can be proud of this result,as it continues to prove they achieve what they say they will do.
Shareholders can look forward to the future as Heartland Bank remains "well positioned"

[Turtle2]

How much would you expect to get when subscribing for the $15k?