HGH - Heartland Group Holdings

**NZSilver** · 17-03-2017, 10:41 AM

Good company, had a good run though. I'm taking some profits, in the future it will likely go higher but I think there will also be an opportunity to buy lower. Market as a whole is running hot at the moment - an overall correction will have the biggest impact on HBL SP rather than the financials of the company itself

**Bjauck** · 17-03-2017, 11:02 AM

Originally Posted by Baa_Baa

...

Those with the insights and the expertise to assess and trade the market are to be admired and considered, but taking their advice based on what and more importantly when they post, is folly.

DYOR.
BAA

Well said. Treat on-line forum with caution.

Originally Posted by Snoopy

When I look for comparatives, one of the first things I apply is the 'duck test'. Put succinctly, for identification purposes, , if it looks like a duck and quacks like a duck, the chances are it is a duck. When I apply the 'duck test' to Heartland 'Bank' something interesting happens....

It is good to make sure you compare like with like. I have shares in a big Aussie bank and in HBL. One of the reasons I bought a shareholding in HBL was for diversification - that it was a different type of bird from the big Aussies! Perhaps (hopefully) it is more of a nimble Welcome Swallow?

**iceman** · 17-03-2017, 11:32 AM

Originally Posted by Snoopy

When I look for comparatives, one of the first things I apply is the 'duck test'. Put succinctly, for identification purposes, , if it looks like a duck and quacks like a duck, the chances are it is a duck. When I apply the 'duck test' to Heartland 'Bank' something interesting happens.

Q1/ Can you go into a Heartland bank branch and deposit a bundle of cash?
A1/ No

Q2/ Can you go into a Heartland bank branch and withdarw a bundle of cash?
A2/ No

Q3/ Can you go into a Heartland bank branch and obtain some overseas currency for your overseas trip?
A3/ No

Q4/ Can you go into a Heartland bank and get a proper mortgage (not one of those reverse ones)?
A4/ No

My conclusion: Heartland Bank fails the 'duck test' in comparison with the other banks that Roger used as comparatives.

I guess the killer philosophical question on my mind is this:

"If a striped suited 'Beagle Boy' goes into a Heartland Bank and commands the staff to put all of the till proceeds in his swag bag, then the said Beagle Boy leaves with a limp empty sack (because Heartland don't deal with cash anymore), can he be arrested for bank robbery?"

SNOOPY

And that is exactly what I like about Heartland, they are doing things differently in niche markets rather than taking on the big 4 at their own game that they know and do very well

**Jantar** · 17-03-2017, 11:42 AM

Originally Posted by Snoopy

.......

Q4/ Can you go into a Heartland bank and get a proper mortgage (not one of those reverse ones)?
A4/ No.....

I think the answer to this one should be "Yes". You will pay a bit more for it, but they will do mortgages.

On a side note, my main bank is SBS, and they would also get a "No" to those first 3 questions. So I guess, that on your duck test, for the last 17 years I haven't banked with a bank.

**Beagle** · 17-03-2017, 01:05 PM

Originally Posted by Snoopy

When I look for comparatives, one of the first things I apply is the 'duck test'. Put succinctly, for identification purposes, , if it looks like a duck and quacks like a duck, the chances are it is a duck. When I apply the 'duck test' to Heartland 'Bank' something interesting happens.

Q1/ Can you go into a Heartland bank branch and deposit a bundle of cash?
A1/ No

Q2/ Can you go into a Heartland bank branch and withdarw a bundle of cash?
A2/ No

Q3/ Can you go into a Heartland bank branch and obtain some overseas currency for your overseas trip?
A3/ No

Q4/ Can you go into a Heartland bank and get a proper mortgage (not one of those reverse ones)?
A4/ No

My conclusion: Heartland Bank fails the 'duck test' in comparison with the other banks that Roger used as comparatives.

I guess the killer philosophical question on my mind is this:

"If a striped suited 'Beagle Boy' goes into a Heartland Bank and commands the staff to put all of the till proceeds in his swag bag, then the said Beagle Boy leaves with a limp empty sack (because Heartland don't deal with cash anymore), can he be arrested for bank robbery?"

SNOOPY

Any self respecting Beagle would be barking mad

to do such a thing.
I'm with Iceman on this. Just because they do things differently and don't want the overheads of an extensive branch network and certain types of low margin lending doesn't mean they won't quack loudly when it comes reporting time

The other point we haven't even really touched on is who wants to own Aussie banks when you can't claim their franking credits ? Any sensible hound knows if you've got to let the taxman have two helpings of food before you get to your food bowl you won't be as well fed as you would off HBL divvies.

**winner69** · 17-03-2017, 01:14 PM

Snoops you left out Q5

Q5/ Can you rely upon a mobile device to do simple banking transaction with Heartland
A5/ NO

Unlike other banks .... and this one prides itself in being digital

**percy** · 17-03-2017, 05:34 PM

A very strong week for HBL.
Today's close was $1.66, with the VWAP being $1.6539, on 812,247 shares traded ,for a total value of $1,343,341.

**winner69** · 17-03-2017, 05:48 PM

Blackpeter said we probably had capitulation over on WHS thread

Hope HBL not heading to a blow off top

**percy** · 17-03-2017, 05:54 PM

Originally Posted by winner69

Blackpeter said we probably had capitulation over on WHS thread

Hope HBL not heading to a blow off top

So what if it does?
However looking at the chart, this new high signals the breakout is on the upside.
In the meantime, I am now looking forward to the fully imputated divie,as will your bowling club mates.Did they decide to buy on their own,or did you do the decent thing and bring HBL to their attention?.