HGH - Heartland Group Holdings

[ziggy415]

The beagle will be drooling in his dinner bowl with a PE this low, backing the truck up i bet

[Snoopy]

I’d bet $ to donuts Jeff and the team will come through. Why? Because he always has. Way undervalued and a bargain at these $.

But can Jeff continue to do a 'Jeff' 'doing what he says he will do' without the wise overseeing guidance of the dearly departed Geoff? I think the result could still be in Jeffardy!

SNOOPY

[Airw0lf]

I see that HGH isn't one of the banks participating in 7 day settlement...

[Valuegrowth]

Look like it's building a base. If it stay building base for some time then we can be happy. If it drops below 1.50 NZD it can go further south.

[justakiwi]

Yes, disappointing. Their processing times already lag behind the other banks. This will put them even further behind.

I see that HGH isn't one of the banks participating in 7 day settlement...

[Snoopy]

I see that HGH isn't one of the banks participating in 7 day settlement...

Not surprising since Heartland don't do any banking functions for themselves. It is all outsourced to Westpac, in which case they should be in the 7 day settlement system?

SNOOPY

[alokdhir]

https://www.nzherald.co.nz/business/...PF3N6S4HRDE6M/

Fair points about reverse mortgages ...

[Perky]

Not surprising since Heartland don't do any banking functions for themselves. It is all outsourced to Westpac, in which case they should be in the 7 day settlement system?

SNOOPY

Yes interesting as rabobank sent me an email saying they would be doing inwards payments on 7 days but not outwards payments. Both hland and rabo probably can’t be bothered paying someone to go and push the transfer buttons on the weekend lol

Both rabo and hland only offer mon - fri business hours customer support I think.

[percy]

https://www.nzherald.co.nz/business/...PF3N6S4HRDE6M/

Fair points about reverse mortgages ...

Agree.Fair points.

ps.Thank you Christchurch City Libraries for letting me access this NZ Herald article via PressReader.

[justakiwi]

Given the current discussion re Sharesies, just ignore the fact that this is one of their podcasts - the guy doing the interview is actually from Business Desk.

Quite an interesting podcast - different angle than what we are used to as shareholders, but I found it very helpful, and learned a thing or two I wasn't aware of before.

https://podcasters.spotify.com/pod/show/sharesies/episodes/A-small-bank-in-a-big-bank-world-with-Heartland-Group-e24vis9

Jeff is a good speaker.