HGH - Heartland Group Holdings

[lorraina]

New data shows that the Home Equity Scheme –  has changed from an obscure scheme to a mainstream product .
Certainly benefitting HGH.
Continued strong growth Australian Reverse Mortgages (up 20.0%).

[Basil]

My understanding is there's lots of restrictions around what the Govt scheme can be used for.
Try asking them for funds for a new car or world trip and see what happens lol
Heartland will be happy to oblige.  Yes Percy, 20% CAGR over the years is HUGE and Heartland Australia have a dominant 42% of the reverse home loan market.
Looks like Australians have an ever growing line of credit to tap into as well, unlike here recently.
https://www.abc.net.au/news/2024-07-25/property-prices-remain-strong/104136878?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Thursday+25+July+2024

[snapiti]

ha ha I see the big boys were back in buying today after a couple of days off, I think their games are fairly predictable

[Teitei]

ha ha I see the big boys were back in buying today after a couple of days off, I think their games are fairly predictable

Need to do some work at the $1.10 level before the next leg up.  Looking very promising with volume going through so institutions appear willing to pay up.

[Basil]

Pretty sure the pig has nearly been digested by the python. For those that don't understand this what I mean is the market has nearly put the capital raise behind it.

[Teitei]

Pretty sure the pig has nearly been digested by the python. For those that don't understand this what I mean is the market has nearly put the capital raise behind it.

Have to say that the python has been rather ravenous in the last 18 months, swallowing two pigs and rather fat ones at that.

But just imagine how energised and strong the python will be after fully digesting the two pigs! 

[snapiti]

Pretty sure the pig has nearly been digested by the python. For those that don't understand this what I mean is the market has nearly put the capital raise behind it.

IMO got to break out above $1.10 before the pig is digested

[Basil]

Have to say that the python has been rather ravenous in the last 18 months, swallowing two pigs and rather fat ones at that.

But just imagine how energised and strong the python will be after fully digesting the two pigs! 

Some Beagle has been licking his chops at the prospect of that.  Could spring back to $1.70 faster than a lot of people realize.
The important thing is to be well positioned before that happens.  Pretty well positioned already but there's definitely room in my portfolio for more.
When to buy more.... hmmm...tick tock....  Think Snapper is right...bit more work to do at $1.10 and then...

[SCOTTY]

Yes, certainly looking better. At $1.10 back to a billion dollar capitalisation 😋

[Shareguy]

So, is Heartland attracting the hot money? we asked.

"We are" Winzer confirmed.

https://www.bankingday.com/heartland-bank-looks-to-broader-horizons

[Teitei]

So, is Heartland attracting the hot money? we asked.

"We are" Winzer confirmed.

https://www.bankingday.com/heartland-bank-looks-to-broader-horizons

The government guaranteed $250,000 deposit in Oz is a major advantage that HGH can and is tapping into.

Note that the guarantee applies up to a maximum of $250k per bank so somebody with $500k needs to deposit with two banks to benefit from the guarantee.

[Greekwatchdog]

Any guesses on Full Year Result and dividend in 3 or so weeks. What are you all looking for from the Team?

[Basil]

https://www.marketscreener.com/quote/stock/HEARTLAND-GROUP-HOLDINGS--47041144/finances/

Average of 3 analysts forecasting FY24 $93m, FY25 $117m, FY26 $150m

Looks like average expectation of 2.8 cps for final divvy, (HGH have foreshadowed it will be lower) and 8 cps next year fully imputed = 11.11 cps gross = 10.1% gross FY25 yield @ $1.10

[Shareguy]

Any guesses on Full Year Result and dividend in 3 or so weeks. What are you all looking for from the Team?

With the dilution 2.5 cents for the final. 4 cents was the interim. At the cr they announced a change to 50 percent of npat from 70/75. %

[Basil]

With the dilution 2.5 cents for the final. 4 cents was the interim. At the cr they announced a change to 50 percent of npat from 70/75. %

Pretty sure that payout ratio change is just for the FY24 final, if my memory serves me correctly?