HGH - Heartland Group Holdings

Started by Benji, Jun 24, 2022, 04:14 PM

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Capt_Hook

Got a bit too far ahead of itself , back to reality end of day. A slow gradual climb better. This market Crazy !

Old mate

Crazy alright you'd be bit gutted if you got in this morning at 2.15.  ;D

Minimoke

Quote from: Minimoke on Jul 20, 2022, 01:07 PMTime for a chart
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NZRegCo showing once again how useless they are. They are thinking of writing a speeding ticket (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/HGH/395684/375058.pdf) but all HGH is doing is coming off a recent low.

Gee - they are keeping themselves in jobs if they are writing to firms who have a 10% move

And they are concerned about SP moving to $2.17 when it closed yesterday at $2.08.

Sooner we join the ASX the better

kasper

Quote from: Minimoke on Jul 21, 2022, 09:44 AMNZRegCo showing once again how useless they are. They are thinking of writing a speeding ticket (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/HGH/395684/375058.pdf) but all HGH is doing is coming off a recent low.

Gee - they are keeping themselves in jobs if they are writing to firms who have a 10% move

And they are concerned about SP moving to $2.17 when it closed yesterday at $2.08.

Sooner we join the ASX the better
Problem with the ASX is its riddled with shorters and large serial manipulators and their regulators turn a blind eye.


Plata

Quote from: Basil on Aug 01, 2022, 05:55 PMHeartland raises the interest rate on reverse mortgages to 7.50%

That is an extremely good deal for HGH, I am very excited to see how reverse mortgage growth has been since the last update. As an aside, HGH dividends were restricted by the regulators for a while, do we reckon we will see a catch up dividend paid? I was imagining they might have spent that money on the recent acquisition. From the announcement on the acquisition: "Heartland's intention is to fund the total acquisition cost in the short term through new debt facilities provided by a major Australasian financial institution."

Wondering to myself what they mean by that, are they going to cut the dividend? Capital raise? Hope the reinvestment program is popular?

Basil

The strong growth in the reverse mortgage book is something I really like.  Its high margin and very low risk and will drive decent earnings growth going forward. In my opinion there's probably no catch up dividend payment but expect a modest increase on last years 7.0 cps final divvy.  All will be revealed later this month sometime.

Shareguy

I agree the reverse mortgage business has a high return for not a lot of risk. Will be interesting to see if they write down the Harmoney Investment. From memory they were on the books at $2 bucks.

Basil

Its all about the forward guidance.  Looking forward to them reporting that on 23 August and declaration of that juicy final dividend.  Disc: Accumulating.

Plata

Expecting guidance to be within $100-110 million. Depends what happens with the HMY write-down but I think they will be a bit more conservative to give ample wiggle room. Think there is a lot of value here especially with the home lending and reverse mortgages doing well, much less risky compared to motor loans. Plus it is hard to beat fully imputed dividends, does my head in getting anything less.

arekaywhy



Basil

#42
Quote from: arekaywhy on Aug 09, 2022, 10:22 AMhttp://www.voxy.co.nz/national/5/405641

made the radio media too...

Sure did, I heard a lot of talk about it on the radio while out and about driving around today.
Interesting yield stock.  Quick back of the envelope for FY23 yield.  At yesterday's close of $2.06, deduct the FY22 final due to be declared shortly of an estimated 7.5 cps fully imputed gives a net purchase price for FY23 and beyond income of $1.985.  14.0 cps next year fully imputed = 19.44 cps gross / $1.985 = gross forecasted FY23 yield of 9.8%.

I think its worth bearing in mind that HGH has not only a good track record of dividend payments but a good track record of growing them over time, (albeit temporarily interrupted by Reserve Bank restrictions which expired on 1 July 2022).  In my opinion that 9.8% gross forecasted yield is likely to steadily grow in the years ahead as they continue the strong growth of their low risk high margin reverse equity book.

Disc: My rating is BBB - Basil busy buying  ;D 

winner (n)

Basil - as they say better owning a bank than lending to them

On the proper Dogs of the NZX methodology Heartland GNE definitely qualify to be in top 5

Basil

#44
I like solid companies @ good value that pay big fat dividends.   Real "show me the money" type stocks.  Lot of bark for your buck. 
Happy to leave the unprofitable no dividend tech stocks that promise much but currently deliver nothing to others.
Speaking of barking, bought a few more Heartland today to put my money where my mouth is 😃