HGH - Heartland Group Holdings

[Shareguy]

I hope Flood not next CEO ...nice guy but he's been there too long and entrenched in Heartland way of doing things ...they need somebody who can bring new vibrancy to the business.

Bit of philosophical thinking posted earlier -

One day, well into Jeff's long and illustrious career, a journalist asked the banker why he wasn't driving great Heartland performance like he used to.

"When Heartland was growing profits I was cold and hungry," said Jeff. "I'm not cold and hungry anymore."

Let's call this "The Jeff Greenslade Problem". How does a person or an organization keep its creative vitality once they have already become successful, already become comfortable?

This, I think, is one of the cardinal problems of any type of successful business that has seen a lot of growth. How do we keep the hunger? The sexy?

T

Understand your concerns. I just think as a general rule internal promotions do better, especially if the replacement lacks industry experience.

[Basil]

screaming well under valued.

Screams "cheep" louder that a cage full of budgies lol

[winner (n)]

great post and I agree that we should expect them to meet guidance.
However watch for any commentary around a build in bad loans.
Failing that and if they meet guidance I suspect a meaningful rise to the SP 

Don't worry if there is a build in bad loans .... These days they are set aside and called things like Overlays blah blah abnormal and not counted in Underlying Profit

So no worries

[Waltzing]

:I'm looking forward to selling at about $2.50 again:


were all those posts today?  is this the next hot stock ?


2.50?

right ....  aaahh ....

[lorraina]

I trust loan collections are back on track,after the issues they commented on in their interim result.


The arrears experienced in a subset of longer dated Motor Finance loans are a
result of operational issues in Heartland Bank's Collections & Recoveries
area and do not reflect any underlying issues with the credit quality of the
book. This is primarily a resourcing issue caused by illness, employee
turnover due to overseas travel, and a focus on Heartland Bank's core banking
system upgrade (which is now complete). This is being addressed through a
specialised recruitment strategy and automation. Underlying impairments are
otherwise performing as expected given the challenging economic conditions.
Heartland's asset quality continues to shift towards loans with lower risk
exposures.

[snapiti]

Don't worry if there is a build in bad loans .... These days they are set aside and called things like Overlays blah blah abnormal and not counted in Underlying Profit

So no worries

facetious as usual I see

[snapiti]

I trust loan collections are back on track,after the issues they commented on in their interim result.


The arrears experienced in a subset of longer dated Motor Finance loans are a
result of operational issues in Heartland Bank's Collections & Recoveries
area and do not reflect any underlying issues with the credit quality of the
book. This is primarily a resourcing issue caused by illness, employee
turnover due to overseas travel, and a focus on Heartland Bank's core banking
system upgrade (which is now complete). This is being addressed through a
specialised recruitment strategy and automation. Underlying impairments are
otherwise performing as expected given the challenging economic conditions.
Heartland's asset quality continues to shift towards loans with lower risk
exposures.

yes and now looking like a good move to stop making loans for utes IMO,

[Waltzing]

yup ... its those dang tradies and those construction sector liquidations...

[TGB]

Great start to the week, looking forward to the 29th. When I refixed my mortgage in March I got a 10k cashback from BNZ which I bought some more of these at 98c.

Looking forward to reinvesting future divvies.

[Teitei]

Pig is moving through the python.

Just about digested - volume of trades since July suggests underwrite shortfall shares gone.

[snapiti]

yup ... its those dang tradies and those construction sector liquidations...

yep that's what I was thinking just did not want to say it

[winner (n)]

Global Dairy Trade auction over night .... Whole Milk Powder up 7.2% ...... 2nd rise in a row after a sustained decline this year

Good sign for HGH share price over next few months

[Basil]

They do say HGH shares are inextricably linked to the performance of the economy...and gosh haven't we seen ample evidence of that in the last year !  Hopefully the darkest days of the economy are behind us now and we can look forward to Spring, both literally in terms of the weather and metaphorically in terms of the economy.

[winner (n)]

They do say HGH shares are inextricably linked to the performance of the economy...and gosh haven't we seen ample evidence of that in the last year !  Hopefully the darkest days of the economy are behind us now and we can look forward to Spring, both literally in terms of the weather and metaphorically in terms of the economy.
Disc: Bought a few more yesterday.

NZ economy basically tied to 3 Cs ....... Climate / Currency / Commodity Prices

You can forecast a lot by running a multiple regression model using inputs such as Soil Moisture Deficit / Commidity Price Index / NZD.

Believe it not it was a very good indicator of how much paint is going to be used in the next year ...... and dairy prices alone a good indicator of which direction the Heartland share price going

[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! 

Just the second pigs trotters left to digest now.  I had some yesterday.  Can be very tasty if done right.
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