HGH - Heartland Group Holdings

[percy]

We remain "well positioned," with eps increasing in the 9 months from 8cps to 9cps.
Very strong cash flow.

[winner69]

What was their profit in Q4 last year W69 ? Add 16% to that as clearly momentum is building and take off a million or two for a final clean up of doubtful dairy loans and Bob's your uncle !
Speaking of dairy, I see we've had yet another increase in the auction overnight. I think we're out of the woods now.

Q4 LY was $14.6m but that included $4.9m of bad debt expense (Column V adjustment eh)

See the bad debt expense so far this year is up 25% on last year.

[IAK]

Nice article on Heartland Bank.

http://www.nzherald.co.nz/business/n...ectid=11857621

[Beagle]

Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy
http://www.stuff.co.nz/business/9302...-smaller-banks

[winner69]

Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy
http://www.stuff.co.nz/business/9302...-smaller-banks

Just have higher margin business and make heaps eh

Don't seem to need much cash at moment going from current deposit rates - some ven lower than the big four.

Suppose you new call account gave them enough for a while

[percy]

Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy
http://www.stuff.co.nz/business/9302...-smaller-banks

Nothing to say or report...........................however that may well change after I have heard Jeff Greenslade and Chris Flood present at Hobson Wealth on Wednesday night.
After last year's presentation I brought more.
Very profitable move .

Watch this space....lol.

[artemis]

Sharp downturn in bank home lending. If banks have $$$ looking for a home, will they be looking to other lending opportunities. (Yes of course!) More to the point, will they be looking at Heartland's key sectors and offering better deals to secure. And how much of a risk is it to HBL.

Percy, worth asking at next week's presentation?

https://www.interest.co.nz/news/8794...h-year-ago-new

[Snow Leopard]

Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy
http://www.stuff.co.nz/business/9302...-smaller-banks

PT & Snoopy

no disrespect but this discussion between the both of you is intensely boring and blocking up the thread. Banks are very simple businesses. I am an ex-banker of 20 years....

Well I am still reeling from the irony of being called boring by a banker!

Best Wishes
Paper Tiger

[janner]

Well I am still reeling from the irony of being called boring by a banker!

Best Wishes
Paper Tiger

Hahahaaaaa... Touche !!

[Beagle]

Just had a look at all the charts of the Australian banks I follow. Every one of them I follow including the smaller banks like BOQ and BEN have been slammed since the Australian Govt announced their new tax on deposits. Market very unhappy with this new policy...meanwhile HBL sails along unaffected Australian Govt books in a real pickle...wonder if this is just the start of a broader and deeper reach of new taxation on Australian corporates or whether the initial tax rate is just the thin edge of the wedge to get the banks used to being stung before they really sink the boot in ? Either way, it appears HBL shareholders are "well positioned"