HGH - Heartland Group Holdings

[Balance]

If heartland really wanted to shake up things they should start offering 20-30 year fixed term mortgages. I dont think they will do that anytime soon while they absorb Challenger, but maybe an initiative for the future.

No banks in Australasia can offer fixed rate mortgages in NZ for more than 5 years for 2 reasons :

1. Lack of depth and liquidity in the wholesale fixed interest rate market.

2. No hedging mechanism using government risk free bond rates as government bonds are mostly up to 5 years duration.

So don't expect it anytime soon.

https://news.anz.com/new-zealand/pos...ages-explained

[Balance]

One persons debt is another persons asset.

For every punter feeling the pain of rates another is feeling the glee.

The issue is new credit creation.

Not true at all in the case of NZ as NZ is a huge net borrower of overseas debt - External debt was US$223.6 billion* in Dec 2023.

Net foreign debt (after taking out foreign assets owned by NZ) was $191.9 billion.

What this means is that a 1% increase in interest rates = increase in $1.919 billion leaving NZ to offshore lenders.






*https://www.ceicdata.com/en/indicato.../external-debt

[SailorRob]

Not true at all in the case of NZ as NZ is a huge net borrower of overseas debt - External debt was US$223.6 billion* in Dec 2023.

Net foreign debt (after taking out foreign assets owned by NZ) was $191.9 billion.

What this means is that a 1% increase in interest rates = increase in $1.919 billion leaving NZ to offshore lenders.






*https://www.ceicdata.com/en/indicato.../external-debt

Did I say that one KIWIS debt is another KIWIS asset?

No I did not.

And a 1% increase in rates dose NOT mean that the lenders get that 1%...

[Balance]

Did I say that one KIWIS debt is another KIWIS asset?

No I did not.

And a 1% increase in rates dose NOT mean that the lenders get that 1%...

Of course you did - in the context of 'the issue is new credit creation.'

[Sideshow Bob]

New directors

https://www.nzx.com/announcements/431674

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce that it intends to appoint Robert (Rob) Bell and Simon Beckett as independent, non-executive directors(subject to Reserve Bank of New Zealand non-objection), with effect from 27 June 2024.

[ronaldson]

Market already today with buyers at $1.05. The era of cheap is over and the train has left the station. Just looking now as to where it will settle pending further updates/developments.

This from 22 May. Seems I caught the wrong train. O well, travelling is sometimes better than arriving at a destination.

[SailorRob]

Don't worry, remember Balance called the bottom perfectly.

[Balance]

Don't worry, remember Balance called the bottom perfectly.

But of course!

Read post #17523 (23 May) :

Flippers (those who took part in the CR and underwrite for a quick gain) are still there so am expecting sp of HGH to do more work around the $1.01 +/- level before the strong base is built to move the sp higher.

Try harder to keep up SR.

[Baa_Baa]

Monthly chart, with only a few days left to go, is interesting showing an indecision Doji Star (very tight high/low spread) centred at $1.01. It could go either way and easily interpreted as a bottom but the probably is greater that it is not, more than it is. It's what happens from here that matters. More on this probability here https://thepatternsite.com/DojiStarBull.html

[Baa_Baa]

Monthly chart, with only a few days left to go, is interesting showing an indecision Doji Star (very tight high/low spread) centred at $1.01. It could go either way and easily interpreted as a bottom but the probably is greater that it is not, more than it is. It's what happens from here that matters. More on this probability here https://thepatternsite.com/DojiStarBull.html

It could also be a Morning Star doji which has a much greater probability of upside movement in price, but as I said, it's what happens from here that matters. https://thepatternsite.com/MorningDojiStar.html