HGH - Heartland Group Holdings

[Beagle]

Current market cap of HBL is $1158m. One of the biggest issues I foresee is attracting debenture holders from a company that has enjoyed the guarantee from the ANZ Bank with a substantially higher credit rating. We have already witnessed what's happened to debenture holder support in regard to the proposed acquisition by HNA, admittedly they had a proposed credit rating lower than HBL but the decimation of support has been quite dramatic to say the least. Is it prudent banking practice to simply assume HBL can attract new debenture funding of $2b just because its now a bigger N.Z. owned company and if so how can one be reasonably assured a two year transitional timeframe is enough ?

[Baa_Baa]

Chris Lee also seems to take a swipe at share forums like this one...he's referring to sharechat.co.nz, although that doesn't seem to have a forum attached to it...is sharetrader run by IRG?
(Anyway, I still value the insight I get on sharetrader, but obviously interesting to see his views).

"It runs one of the dreadful internet chat forums, where anonymous idiots mingle with sharemarket traders, debating matters of the market, with or without knowledge, but certainly without constraint."

Hopefully he's not referring to Sharetrader, where there is value in informed and uninformed debate and discussion. Anonymity, however thin, creates a collaborative environment for sharing views and ideas, asking questions and getting a variety of answers, and synthesising those or not into ones own decisions.

The value of Sharetrader is evident in its longevity and frequent contributors going back many years and for some time running in parallel to the Sharechat discussion forum which was made defunct. It's not perfect, but then neither is the market, or the brokers, or the advisors, or the media. It's a perspective and a useful one at that. IMHO.

I wonder how many customers Chris (or whomever of his team wrote the article) just offended by calling them idiots for the simple sake of them frequenting an internet chat forum. Unintended consequences lurk beneath ill considered opinion. They should stick to their knitting.

BAA

[percy]

Current market cap of HBL is $1158m. One of the biggest issues I foresee is attracting debenture holders from a company that has enjoyed the guarantee from the ANZ Bank with a substantially higher credit rating. We have already witnessed what's happened to debenture holder support in regard to the proposed acquisition by HNA, admittedly they had a proposed credit rating lower than HBL but the decimation of support has been quite dramatic to say the least. Is it prudent banking practice to simply assume HBL can attract new debenture funding of $2b just because its now a bigger N.Z. owned company and if so how can one be reasonably assured a two year transitional timeframe is enough ?

We may have to wait for Chris Lee's transitional timeframe.!..lol.

ps.With his firm's solid support it may only take 6 weeks.!!!

[couta1]

Hopefully he's not referring to Sharetrader, where there is value in informed and uninformed debate and discussion. Anonymity, however thin, creates a collaborative environment for sharing views and ideas, asking questions and getting a variety of answers, and synthesising those or not into ones own decisions.

The value of Sharetrader is evident in its longevity and frequent contributors going back many years and for some time running in parallel to the Sharechat discussion forum which was made defunct. It's not perfect, but then neither is the market, or the brokers, or the advisors, or the media. It's a perspective and a useful one at that. IMHO.

I wonder how many customers Chris (or whomever of his team wrote the article) just offended by calling them idiots for the simple sake of them frequenting an internet chat forum. Unintended consequences lurk beneath ill considered opinion. They should stick to their knitting.

BAA

Yes, and let's not forget the mega bucks that a lot of investors lost in 2008 following Chris Lee's finance company ranking system and recommendations.

[winner69]

Yes, and let's not forget the mega bucks that a lot of investors lost in 2008 following Chris Lee's finance company ranking system and recommendations.

Must have had a happy new year

Got stuck into a few besides us sharetraders eh ....Wynard Veritas and Mowbray as disasters and then Kerry McDonald, Rick Christie and Brent King get honourable mentions. Wow

Hope he cheers up as the year goes on

[minimoke]

Yes, and let's not forget the mega bucks that a lot of investors lost in 2008 following Chris Lee's finance company ranking system and recommendations.

I havent forgotten - which is why I still wont rate him above snake oil merchant

[Oliver Mander]

Hopefully he's not referring to Sharetrader, where there is value in informed and uninformed debate and discussion. Anonymity, however thin, creates a collaborative environment for sharing views and ideas, asking questions and getting a variety of answers, and synthesising those or not into ones own decisions.

The value of Sharetrader is evident in its longevity and frequent contributors going back many years and for some time running in parallel to the Sharechat discussion forum which was made defunct. It's not perfect, but then neither is the market, or the brokers, or the advisors, or the media. It's a perspective and a useful one at that. IMHO.

I wonder how many customers Chris (or whomever of his team wrote the article) just offended by calling them idiots for the simple sake of them frequenting an internet chat forum. Unintended consequences lurk beneath ill considered opinion. They should stick to their knitting.

BAA

Totally agree Baa Baa.
I'm amazed he'd use perjorative language about individuals who could be his customers and use sharetrader as a vehicle for checking the "pulse" of their investments.
Besides that, I'm not an idiot - I am a very special cat, since I have opposable thumbs.

The collaboration you talk about in your post is important here - I respect what Chris Lee has to say, but there's a myriad more opinions or discussions on this forum that also adds value. What I choose to accept or discard as advice is up to me.

Perhaps that's the rub for Mr Lee - forums like this could be regarded as competition for brokers, the choice between 'DYOR' or pay someone else to do it for you.

Cats do tend to be solitary creatures - but they also respect the other animals (eg, sheep, tigers, beagles) around them. Long may free animal noises reign.

[Onion]

Cats do tend to be solitary creatures - but they also respect the other animals (eg, sheep, tigers, beagles) around them. Long may free animal noises reign.

The vegetables around here are feeling left out

[minimoke]

The vegetables around here are feeling left out

You need to get used to it. Not a lot of attention to high performance / spec quality motor vehicles either!

Probably because it is well know that on the highway of life if an animal is on the road there is only one winner. (veges are safe in the berm)

[Oliver Mander]

The vegetables around here are feeling left out

A good diversity moment :-)!
Good call Onion and minimoke