HGH - Heartland Group Holdings

[Left Field]

...... you snooze, you lose😉

No snoozing here.....no losing.....no naysayers.... just differing investing priorities and keeping an open mind.

The attached chart compares some differing investing priorities (including Turners and HGH) over the last 12 months. (The chart is based on SP changes and excludes divvies, however the relativity remains largely unchanged.)

Best to keep an open mind on HGH. I hope this week's report goes well for holders.

[Teitei]

No snoozing here.....no losing.....no naysayers.... just differing investing priorities and keeping an open mind.

The attached chart compares some differing investing priorities (including Turners and HGH) over the last 12 months. (The chart is based on SP changes and excludes divvies, however the relativity remains largely unchanged.)

Best to keep an open mind on HGH. I hope this week's report goes well for holders.

Lesson to be learnt - never get too negative (or too positive) about any stock!

[Fiordland Moose]

HBL's accounts to June and other associated banking metrics have been available on the RBNZ banking dashboard for a while now.

[Teitei]

HBL's accounts to June and other associated banking metrics have been available on the RBNZ banking dashboard for a while now.

30 June 2023?

[LoungeLizard]

No snoozing here.....no losing.....no naysayers.... just differing investing priorities and keeping an open mind.

The attached chart compares some differing investing priorities (including Turners and HGH) over the last 12 months. (The chart is based on SP changes and excludes divvies, however the relativity remains largely unchanged.)

Best to keep an open mind on HGH. I hope this week's report goes well for holders.

Says it all really. You can only back so many horses and HGH have been at the back of the field for a while now. Will need an impressive finishing spurt to make up the ground.

[Fiordland Moose]

30 June 2023?

No 30 June 2024.

Licensed banks must report P&L, balance sheet, and credit metrics quarterly to the RBNZ.

The RBNZ uploads the quarterly performances to the dashboard 40 working days after the end of each quarter. So the March quarter has been available for many months now, and the June quarter more recent. You can see the impaired asset expense, liquidity ratios, equity position, Nim $ and NIM %, npat, etc. Note its just for the NZ business.

[snapiti]

HBL's accounts to June and other associated banking metrics have been available on the RBNZ banking dashboard for a while now.

thats an excellent link and a good reason to be on these forums.
So according to the RBNZ website HBL bad loans decreased slightly over the previous 1/4......still up from this time last year but a great performance given the climate
Topping my shareholding up today, HBL my largest single holding apart from BRM

has anyone else checked the numbers on the RBNZ website

[TGB]

Just had a look now, HBL figures stand out on many of the charts but the % changes over the same periods are better compared to the big boys.

[snapiti]

so I spent the last hour drilling into HGH 1/4 numbers for June available for all to see on the RBNZ website, not sure how long they have been available but the smart money would have seen this and now explains the solid 15% rise in SP over the last few weeks.
All the metrics are there including asset class allocations, comparisons with other banks over the last 4 1/4's.
Many metric's to research however this is my top 4 metric's I want to know.
NIM increased a whopping 10% 1/4 on 1/4
Loan book continued to grow yoy however decreased 1/4 on 1/4.  A breakdown of the numbers indicates a move away from riskier loans. (like given the circumstances)
Impaired assets decreased 1/4 on 1/4 (this is huge IMO given the climate)
Home loans increased but the rate of increase continued to slow
All in all a lot better than expected and IMO these numbers show a well run bank during the hardest of times........suspect we will get a good response come reporting day 

[winner (n)]

so I spent the last hour drilling into HGH 1/4 numbers for June available for all to see on the RBNZ website, not sure how long they have been available but the smart money would have seen this and now explains the solid 15% rise in SP over the last few weeks.
All the metrics are there including asset class allocations, comparisons with other banks over the last 4 1/4's.
Many metric's to research however this is my top 4 metric's I want to know.
NIM increased a whopping 10% 1/4 on 1/4
Loan book continued to grow yoy however decreased 1/4 on 1/4.  A breakdown of the numbers indicates a move away from riskier loans. (like given the circumstances)
Impaired assets decreased 1/4 on 1/4 (this is huge IMO given the climate)
Home loans increased but the rate of increase continued to slow
All in all a lot better than expected and IMO these numbers show a well run bank during the hardest of times........suspect we will get a good response come reporting day 

Good stuff Snapiti

Hope Grouo results are just as robust

[Basil]

Good stuff Snapper.  I'm already very well positioned for reporting day on Thursday.

[Teitei]

HBL's accounts to June and other associated banking metrics have been available on the RBNZ banking dashboard for a while now.

Thanks, FM!

Learnt something new.

[snapiti]

Good stuff Snapper.  I'm already very well positioned for reporting day on Thursday.

well after reading the numbers on RBNZ website I doubled my holdings today.
I think the market is still pricing in a decline of NIM and a decline in bad loans, both are shown to be the opposite in the HGH supplied RBNZ site figures.
Now I know a few are awaiting the 2025 outlook including challenger bank but for me that is rather meaningless given it is just "guidance" and they could both over promise or under promise.
For me the bigger news was how have they manage riskier lending during an extremely bad economic cycle.

I will say the only area I could see of concern was the slower growth in mortgage lending.(reverse mortgages)
I am going to take a pragmatic approach to this and say if the market got to big Tier one banks would start offering a competing product, so some modesty in this sector is a good thing.
I expect the companies ann later this week to confirm RBNZ website numbers.
Like I said in an earlier posts if the RBNZ numbers are accurate HGH has proven to be a very well run bank in very difficult times.
Now another consideration is their rural lending portfolio.
There has been a major decrease in the cost of fertilizer inputs over the last 3 months, milk payout has risen to a very healthy $9 and beef cattle and deer prices are close to an all time highs.
I can see $1.25 by weeks end

[snapiti]

correction HGH reporting to RBNZ shows NIM up 8.5% not 10% as stated.
More importantly this shows a meaningful reversal of a previously declining NIM

[Shareguy]

No 30 June 2024.

Licensed banks must report P&L, balance sheet, and credit metrics quarterly to the RBNZ.

The RBNZ uploads the quarterly performances to the dashboard 40 working days after the end of each quarter. So the March quarter has been available for many months now, and the June quarter more recent. You can see the impaired asset expense, liquidity ratios, equity position, Nim $ and NIM %, npat, etc. Note its just for the NZ business.

Thanks FM. If only we could get the Australian info.