HGH - Heartland Group Holdings

[Minimoke]

Where's the Te Reo version 

Its got plenty of the te reo. Goit the rainbow Tick. Got the gender diversity. Got the Climate Change. Got all the key elements of a business I stay well clear of.

[Basil]

Annual report  https://api.nzx.com/public/announcement/439086/attachment/428392/439086-428392.pdf  Plenty of Te Reo in here.

[Basil]

All this talk of massive shorting of Spark got me wondering how much shorting was / is still in play with HGH especially with the recent cash issue at $1 ?  Doggy wonders if some of those shorts are like a dog with a bone and won't let go considering for the first time in years there was no forward guidance given.

What happens if at the annual meeting on 30 October a half reasonable amount of guidance is forthcoming, (not quite the nightmare level of bad debt provisioning it appears some are expecting in FY25)?  Maybe some of those shorts might need to cover their position.  Does seem a little strange that the share price is hugging the recent capital raise price of $1 pretty closely...or maybe the dog is just indulging in wishful thinking...who knows...it was a slow day at work and I had to ponder something lol

I will cling on "doggedly" and see what happens.  Lets just say I really like Turners chances of them hitting their $65m profit target but in my opinion the jury is well and truly out on the chances of HGH hitting their $200m FY28 target.  Might attend the meeting and ask them, seeing as Jeff is going , if they still stand by the veracity of the underpinnings of that objective.  Might follow that up with asking them instead of focusing on all things ESG like your life depends on it and there's some tangible benefit in terms of eps to shareholders, maybe focus a lot more attention on tightening up your loan approval process to reduce bad debts going forward is a good idea.   See what reaction that gets from them. 

[Shareguy]

https://www.heartlandgroup.info/newsroom/updates/introducing-heartland-bank-australia