HGH - Heartland Group Holdings

[keerti]

https://www.nzx.com/announcements/429294

Institutional component of HGH Offer successfully completed

[Teitei]

https://www.nzx.com/announcements/429294

Institutional component of HGH Offer successfully completed

135m shares placed instead of the 105m for the institutional pool - so additional 30m shares looking for a quick profit? 

Looks to me like sp will be heading towards $1.01 or $1.02 shortly?

[LoungeLizard]

I think it will probably hold at around $1.10 for a while, as those who see it as a bargain prop up the SP. In a week or two, $1 is definitely possible and could be worth a punt at that point. But where it goes from there depends on HGH's results, so still a bit risky even at those levels. Interesting times!

[Shareguy]

https://www.nzx.com/announcements/429294

Institutional component of HGH Offer successfully completed

Very disappointing that retail investor's could not participate.  Had applied through Craig's and was told that even lead manager Jarden's retail clients did not get any.

[Left Field]

Started trading again today at $1.05......Currently trading around $1.09......

[LoungeLizard]

Very disappointing that retail investor's could not participate.  Had applied through Craig's and was told that even lead manager Jarden's retail clients did not get any.

Same as last time - Insto's get the inside track every time. It will be two weeks before retail investors get a bite, by which time the SP will have gravitated towards $1 anyway. No advantage to being a current holder, particularly if you've been buying in the last couple of weeks at $1.15-$1.30. Those buyers are underwater already, even with their 1:7 entitlement.

[winner (n)]

Lizard said ... The other thing is that HGH has done something like 5 or 6 capital raises. They don't seem to be able to self-fund their own operations

Yep consequence of maintaining high dividend payout ratios

Could say capital raises needed to pay dividends ...I gave detail of this over the years on this thread a few weeks ago.

[LoungeLizard]

Lizard said ... The other thing is that HGH has done something like 5 or 6 capital raises. They don't seem to be able to self-fund their own operations

Yep consequence of maintaining high dividend payout ratios

Could say capital raises needed to pay dividends ...I gave detail of this over the years on this thread a few weeks ago.

Yep, doesn't make a lot of sense to me - going to investors with a begging bowl every few years, just so they can give it back by way of dividend. And each time the SP gets hit. HGH are running quite a capital hungry business - reverse mortgages and now a new bank. Wouldn't be surprised at all if there's another CR in a couple of years 

[snapiti]

what does snow Leopard mean by this responce to balance on the other channel, I read the $131m raised meant 131m new shares

Balance said
35m shares placed instead of the 105m for the institutional pool - so additional 30m shares looking for a quick profit?

Looks to me like sp will be heading towards $1.01 or $1.02 shortly?
Obviously the wording has confused a few people


Snow leopard said
$131M consists of:

$105M for the placement;
$26M of the $105M of the pro-rata Entitlement Offer, being that bit of said offer that is applicable to the institutiona

[snapiti]

now given it was a book build offer to insto's, under written @ $1....does the $131m raised for 105m shares mean the book build got cleared at
$131m divided by 105m shares = $1.24 per share

[Red Baron]

what does snow Leopard mean by this responce to balance on the other channel, I read the $131m raised meant 131m new shares

Balance said
35m shares placed instead of the 105m for the institutional pool - so additional 30m shares looking for a quick profit?

Looks to me like sp will be heading towards $1.01 or $1.02 shortly?
Obviously the wording has confused a few people


Snow leopard said
$131M consists of:

$105M for the placement;
$26M of the $105M of the pro-rata Entitlement Offer, being that bit of said offer that is applicable to the institutiona

Vot our furry mountain dwelling vriend means eez zhat you are all 'dummkopfs', but he eez too polite to zay zo!

 quote vrom ze leenk
https://www.nzx.com/announcements/429294

"NZ$210 million will be raised under the 1/Entitlement Offer AND 2/Placement."

Ze placement haz raised $NZ105m as voretold.

"The Placement AND Institutional Entitlement Offer closed on Tuesday 9 April 2024 and raised gross proceeds of approximately NZ$131 million."

Zubtraction tells us zhat ze "Institutional Entitlement Offer" raised $NZ131m-$NZ105m=$NZ26m

Zhis "Institutional Entitlement" (vhich represents 98% of ze allowable institutional entitlement according to ze link), vent to existing institutional zhareholders who vere already on ze share register.

Ze remaining $NZ105m-$26m= $79m vill be raised from ze zmall zhareholders already on ze zhare register who are not institutions.

'Balance' has read eet wrong.  Ze institutional pool vas not expanded.   Zhose extra zhares he zpeaks of vere just the institutional part of ze "Entitlement Offer", which ze institutions vith enough voresight to be "existing shareholders" of Heartland,  pre capital raising, vere always going to be entitled to.

RB

 

[Buzz]

Vot our furry mountain dwelling vriend means eez zhat you are all 'dummkopfs', but he eez too polite to zay zo!

 quote vrom ze leenk
https://www.nzx.com/announcements/429294

"NZ$210 million will be raised under the 1/Entitlement Offer AND 2/Placement."

Ze placement haz raised $NZ105m as voretold.

"The Placement AND Institutional Entitlement Offer closed on Tuesday 9 April 2024 and raised gross proceeds of approximately NZ$131 million."

Zubtraction tells us zhat ze "Institutional Entitlement Offer" raised $NZ131m-$NZ105m=$NZ26m

Zhis "Institutional Entitlement" (vhich represents 98% of ze allowable institutional entitlement according to ze link), vent to existing institutional zhareholders who vere already on ze share register.

Ze remaining $NZ105m-$26m= $79m vill be raised from ze zmall zhareholders already on ze zhare register who are not institutions.

'Balance' has read eet wrong.  Ze institutional pool vas not expanded.   Zhose extra zhares he zpeaks of vere just the institutional part of ze "Entitlement Offer", which ze institutions vith enough voresight to be "existing shareholders" of Heartland,  pre capital raising, vere always going to be entitled to.

RB

 

I prefer Snoopy's analysis, it doesn't require a linguist to decipher the gobbledegook pigeon German translation. Especially for what is already a confusing or ambiguous situation.

[Breezy]

I prefer Snoopy's analysis, it doesn't require a linguist to decipher the gobbledegook pigeon German translation. Especially for what is already a confusing or ambiguous situation.

Snoopys paralysis by analysis is a yeah/nah for me, his latest target Spark only requires a quick 10 minute study of the company's history and performance over the last decade to know its a fantastic spray and walk away investment.

[Red Baron]

Snoopys paralysis by analysis is a yeah/nah for me, his latest target Spark only requires a quick 10 minute study of the company's history and performance over the last decade to know its a fantastic spray and walk away investment.

Quite vright Breezy.   Eef anyvone prefers ze ravings of a 'pumped up pompous pup' to a highly educated member of ze german aristocracy, zhen ve know vhere zhey can go!   Zorry eef my 'pidgin english' makes my posts hard to vollow.   But eet eez better zhan my dire pidgeon Deutsche!   

And now back to Heartland.

RB

[Waltzing]

 ......  flat .... and ... bouncy ...