HGH - Heartland Group Holdings

[winner69]

I think Column V is a nice way of putting things that finance / insurance companies do to 'manage' results

Better than using emotive words with make such practices sound dodgy

[Ggcc]

Anyone have an idea why the sp has gone up 5 cents so far on no news?

[couta1]

Anyone have an idea why the sp has gone up 5 cents so far on no news?

More buyers than sellers.

[Beagle]

Anyone have an idea why the sp has gone up 5 cents so far on no news?

I wonder if they're about to announce upgraded profit guidance ?

[lawson]

I'm wondering if they're benefiting from inflows of money outflowing from the big 4 banks. After all they have a good dividend and they are NZ owned and won't be impacted by todays Australian budget announcement of a new tax on Australian banks - expected to pull 6 billion from the big 4 over the next 4 years.

[percy]

Certainly beats selling books.?!.lol.
$2.00 this year.?

[JeremyALD]

Snoppy might have to redo his forecasts LOL

[Beagle]

I'm wondering if they're benefiting from inflows of money outflowing from the big 4 banks. After all they have a good dividend and they are NZ owned and won't be impacted by todays Australian budget announcement of a new tax on Australian banks - expected to pull 6 billion from the big 4 over the next 4 years.

Ouch that's got to hurt those like Snoopy with a love of Australian banks, got a link or more detail.

[couta1]

I'm wondering if they're benefiting from inflows of money outflowing from the big 4 banks. After all they have a good dividend and they are NZ owned and won't be impacted by todays Australian budget announcement of a new tax on Australian banks - expected to pull 6 billion from the big 4 over the next 4 years.

Nearly all my money when it's not in the market now resides in the Heartland direct call Acct, was a substantial amount a couple of weeks ago.

[lawson]

Ouch that's got to hurt those like Snoopy with a love of Australian banks, got a link or more detail.

The AFR led with this and the banks are down between 2 and 3% today

Budget 2017: Scott Morrison plans to impose a tax on bank liabilities

Australia's big four banks are bracing themselves for a new tax onbalance sheet liabilities in the 2017 federal budget which is said toraise $6 billion over four years.In a move reminiscent of Labor's mining tax, Treasurer ScottMorrison is planning to impose a tax on the aggregate liabilities ofthe major banks, according to banking sources.The sources said Treasury Secretary John Fraser will call the big four bank chiefexecutives on Tuesday night at 6.30pm before Mr Morrison delivers the bad news.The tax will come directly out of retained profits, which is of great concern to thebanks because this is a source of capital for finance to small business.

Mr Morrison could defend the tax by pointing to the strong profitability of the big fourwhich make about $30 billion.There are numerous ways of taxing banks. The most popular has been a financialtransactions tax, also known as a Tobin tax in honour of a Nobel Prize winningeconomist James Tobin. Tobin taxes are in place in about a dozen countries includingFrance, Hong Kong, South Africa, Italy and the United Kingdom.But Morrison has opted for the same system used in the United Kingdom. This is a taxon liabilities for banks which have aggregate liabilities in excess of £20 billion. The UKtax is being phased out from 0.21 per cent to zero over the next five years.In the UK the liabilities tax was favoured after the global financial crisis because it wasnot reliant on bank profits. The UK also introduced a corporations tax surcharge.It is too early to say how the banks will react to the liabilities tax but it is possible theywill follow the lead of the mining companies and conduct a public campaign to fightit.But that would be a high risk option given the poor community attitudes towardbanks revealed in surveys supporting a royal commission into banking.The most obvious option for the banks to show their displeasure would be to pass onthe tax to borrowers.