HGH - Heartland Group Holdings

[kiwi2007]

Not sure, after looking at the 5 year chart, why you think it can't go any lower? Been down to $1.00 not long ago. $1.50 doesn't seem out of the question to way things are going.

[Auto Rower]

Not sure, after looking at the 5 year chart, why you think it can't go any lower? Been down to $1.00 not long ago. $1.50 doesn't seem out of the question to way things are going.

I am sure it can & has today I was just being facetious.
 And waiting for the $1.35 

[Basil]

interesting times mr beagle, big squeeze on bank margins as they try to dig themselves out of the property bubble they helped create.
My woodland friend reminds me don't fight the FED and central governments have signaled the tightening process will continue until inflation is under control and this requires unemployment to rise........scary balance to get right and central bankers don't have a good history of getting things right
The equation is quite simple......assets prices ballooned on the back of cheap money......now money is getting more expensive a very meaningful correction is under way
Sitting back relaxing with plenty of cash best position to be in right now 

Interesting times in the market for sure.   Sharemarkets seem to be at a mercy of bond markets and rising interest rates.

[winner (n)]

No need to worry about the future of Heartland ...all under control.....we are guided by Te kapehu whetu (the star compass) ... we know our way to success

From the Annual Report out today -

see image - you can't copy and paste from AR

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[Basil]

I "can't wait" to read all the Te Reo parts of the annual report and hear about all their ESG goals and cultural initiatives.
Maybe they will aim to be zero carbon as well 😉

[Minimoke]

No need to worry about the future of Heartland ...all under control.....we are guided by Te kapehu whetu (the star compass) ... we know our way to success

From the Annual Report out today -

see image - you can't copy and paste from AR

You cannot view this attachment. I'm so very pleased I sold out when I did. I'd sooner they were guided by sound financial principles.

[Left Field]

Not sure, after looking at the 5 year chart, why you think it can't go any lower? Been down to $1.00 not long ago. $1.50 doesn't seem out of the question to way things are going.

Into the $1.60's..... getting close to your $1.50. GLH.

[winner (n)]

Heartland a bit peeved at how RBNZ works out capital requirements on reverse mortgages

Heartland unhappy with RBNZ rules on reverse mortgages
https://businessdesk.co.nz/article/finance/heartland-unhappy-with-rbnz-rules-on-reverse-mortgages
might be paywalled

[winner (n)]

All Oz bank stocks (except ANZ) were down last month. Contrary to what some think I don't think the cap raise is the main reason For HGH share price decline - mainly just following the market

Ona Price/Book basis HGH still one of the higher valued stocks relative to OZ banks ... and above the average if you exclude CBA

Price/Book multiples below:

ANZ 1.00
WBC 1.04
NAB 1.51
BEN 0.64
BOQ 0.66
CBA 2.07
HGH 1.15

Average OZ exc CBA 0.97

[Shareguy]

Thought this was interesting

https://www.reuters.com/breakingviews/recession-could-be-us-banks-guilty-pleasure-2022-08-23/

[Basil]

Interesting.  On a price to NTA basis relative to Aussie banks, as much as it pains me to say this, it appears $1.40 is possible, (also supported by the forward metrics relatively to BOQ)

More likely in my opinion is the bottom is somewhere in the $150's....but who can really say what is likely or possible in this Bear market ? Predicting future share price movements at this point feels like little better than guesswork...but my gut feel is we're maybe 50-60% way through this crap....hope I am right because the mauling I am getting is painful enough already.

[Shareguy]

I agree Basil. Predicting future share movements at this point is anyones guess.  Also agree with winner that HGH following the market. Interestingly in a recent discussion with a broker they were suggesting I reduced my position and perhaps put some of the funds into ANZ.  After careful thought decided will leave as is.  The company's future prospects remain solid. Has strong proven management. Insiders have plenty of skin in the game. There is a lot to like.

[Basil]

Agreed Shareguy, a lot to like, not the least of which is full imputation credits with the dividends from HGH, unlike any of the other banks.
Possibly worth noting that if they can pay a minimum of 11 cps in dividends going forward that's 11/0.72 = 15.28 cps gross so if HGH goes down to ~ $1.53 that's a 10% forecast gross yield.

$1.53 has (in 2022), always been my deep value marker for HGH.  If it gets there it's going to be hard to resist buying more for the 10% prospective return which should increase somewhat in the years ahead, although possibly at a somewhat slower rate of dividend growth than what I was earlier anticipating.   Good to have some high yielding shares in one's portfolio, really helps out with the costs of running expensive fuel hungry toys eh 

[Shareguy]

[  Good to have some high yielding shares in one's portfolio, really helps out with the costs of running expensive fuel hungry toys eh 

Indeed. Good point re fully imputed.

[winner (n)]

10 year HGH chart

Some might say its share price since 2017 has tarded in the 150/200 range with the odd spurt outside this range

I see the share price in a steady up trend (10 years plus) with the occasional bursts of 'irrational selling' and exuberant buying.

The slope of the dotted line is the equivalent to 12% pa .... and for traders there has been a couple of very big swings from low to highs .... and there's a few on this thread how have sold close to those 2017 and 2021 highs and bought at the 2020 lows

Might see share price over 2 bucks early next year?

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