HGH - Heartland Group Holdings

[Waltzing]

HGH reverse M could take off in the years ahead as people realise they have a new option when they reach a certain age and they are debt free...

More room in the NZ property market for the company that can manage to make money off this specific under marketed product cat...

[Teitei]

Or they don't grow and need to meet capital requirements via another shareholder handout. Grow or not grow HGH have only ever been able to sustain their business and pay a dividend by doing periodic cap raises. That isn't going to change in my opinion as HGH's are an increasingly capital hungry business.

It's kind of amusing in a way, how the same bunch of people at each of the last two cap raises said exactly the same thing as they are now. All that has changed are the amounts. $1.76 was a great buy and $2 was just around the corner. 18 months later they are saying $1 is a great buy and....$2 is just around the corner. And at the next cap raise in 2 years time it will be 80c, what a great buy etc etc. Maybe HGH stands for Hopeful Ground Hog?

Which Australian bank (name any one) does not raise capital on a regular basis? It is the very nature of their business!

Comes down to how they use that money and that's for each investor to assess. I am comfortable HGH's CR this time round is entirely appropriate. More on that later.

I certainly enjoy & welcome reading posts like yours & others who question and challenge our views (keeps one's impulse to buy 'cheap' in check). 

Remember the point of a discussion site and forum like ST should not be victory but progress.

[Minimoke]

HGH reverse M could take off in the years ahead as people realise they have a new option when they reach a certain age and they are debt free...

More room in the NZ property market for the company that can manage to make money off this specific under marketed product cat...

The issue is when do the other banks decide to hit this Reverse Mortgage market, targeting a very lucrative market. Lots of baby boomer keen to release capital for oversea trips.

[Waltzing]

Sir B has done the numbers and it looks like a time related decision as which wins , the RM or the DMF...

How much your borrow and the debt free CV of the property.

Big untapped market for sure with such high valuations likely to continue.

[LoungeLizard]

Wow Man, Lizard , give it a rest you like a broken record and no skin in the game either ................endless negativity
there's a lot of holders including myself took a bath with this stock and they don't need reminding every 5 minutes .
Its onwards and upwards from here .




Disc : Holding & buying.  






 

You took a bath from HGH and you don't want others to comment that you risk taking another bath? Ok, got that.
Enjoy the suds.

[Waltzing]

Off Topic but related to BANKS and Stable economic conditions.

Long term the economy will hopefully recover into something where investors can over the long term relax a little more,,,

Two massive economy disturbances in just over a decade... GFC and the Biggest Global Financial BreakDown maybe ever...

Hopefully the next decade will be a bit better but if CHINA invades TW there is more to come...

Peace people...Peace.. is what we need...

[KW]

Average of professional analysts is for eps in FY24 of 11.7 cps, FY25 13.2 cps and FY26 16.05 cps.

You may need to keep up.  HGH has had two significant downgrades in estimates in the last couple of months.  Current analyst estimates (4 analysts) is 12c FY24, 12c FY25 and 15c FY26.

[KW]

The issue is when do the other banks decide to hit this Reverse Mortgage market, targeting a very lucrative market. Lots of baby boomer keen to release capital for oversea trips.

They won't.  They exited this market for a reason.  Also the Australian Govt provides a reverse mortgage service.  Hard to compete with the Government.  

[entrep]

I'm calling it, the bottom is in at 96 cents where I bought quite a few more last week.  Onward and upward from here.

TBF you also called the previous bottom around $1.16 prior to the cap raise

[Basil]

You may need to keep up.  HGH has had two significant downgrades in estimates in the last couple of months.  Current analyst estimates (4 analysts) is 12c FY24, 12c FY25 and 15c FY26.

Got a link to that info ?
I'm going off market screener https://www.marketscreener.com/quote/stock/HEARTLAND-GROUP-HOLDINGS--47041144/finances/

[Waltzing]

re: RM market  "Hard to compete with the Government. "

but is the local NZ GOVT likely to do the same? prob not?

[KW]

Got a link to that info ?
I'm going off market screener https://www.marketscreener.com/quote/stock/HEARTLAND-GROUP-HOLDINGS--47041144/finances/

No, its the info Interactive Brokers provides in its trading software, not an external link.  

[KW]

re: RM market  "Hard to compete with the Government. "

but is the local NZ GOVT likely to do the same? prob not?

Going by the number of retirees posts on "Kiwis Moving To Aussie" there won't be many pensioners left in NZ 

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[Waltzing]

Who hasnt got cousins living there already and some for the last 40 years ...

In fact many european families may have had great grand parent come through AUS to the Colony of NZ.

Yes it looking like a place where you also want to do business,,,

[Basil]

Going by the number of retirees posts on "Kiwis Moving To Aussie" there won't be many pensioners left in NZ 

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Do you realise that HGH already has a dominant 43% market share of the Australian reverse mortgage market so whether Jack and Jill or John and Jenny live here or there it makes no difference?  The way some of the negative Nancie's ramble on endlessly on here, you'd think their acquisition of Challenger bank and expansion in Australia was a brand new venture.