HGH - Heartland Group Holdings

[winner (n)]

Wonder what DRP price will be this time?

Probably will be cheapest DRP shares ever.

Since 2019 DRP been

1.47
1.54
1.59
1.25
1.80
2.27
2.11
1.64
1.69
1.27

Só 1.10 would be cool

[Basil]

Reverse mortgages at 10.5%

[Basil]

Wonder what DRP price will be this time?

Probably will be cheapest DRP shares ever.

Since 2019 DRP been

1.47
1.54
1.59
1.25
1.80
2.27
2.11
1.64
1.69
1.27

Só 1.10 would be cool

Maybe a bit less than $1.10.  I'm fully subscribed to the dividend reinvestment plan.

[TGB]

On that note - Sharesies now has DRP for HGH

[winner (n)]

Maybe a bit less than $1.10.  I'm fully subscribed to the dividend reinvestment plan.

Might even get DTP for $1.00

[Basil]

We'll see mate.  Market screener consensus estimates for FY25, FY26 and FY27:
FY24 eps 9.8  dps 7 cps
FY25 eps 12.16 dps 7cps (gross yield at $1.07 9.1%)
FY26 eps 15.34 dps 8 cps (gross yield 10.4%
FY27 eps 17.22 dps 9 cps (gross yield 11.7%)
CAGR in earnings per share ~ 21% per annum over the next 3 years.  Forward FY25 PE presently only 8.8

The economic worm has turned and the bottom of the cycle is in. Retaining close to 50% of earnings each year and probably a little over that level with DRP should see them have sufficient capital to grow without another capital raise.  That's how I see it.

[Fiordland Moose]

We'll see mate.  Market screener consensus estimates for FY25, FY26 and FY27:
FY24 eps 9.8  dps 7 cps
FY25 eps 12.16 dps 7cps (gross yield at $1.07 9.1%)
FY26 eps 15.34 dps 8 cps (gross yield 10.4%
FY27 eps 17.22 dps 9 cps (gross yield 11.7%)
CAGR in earnings per share ~ 21% per annum over the next 3 years.  Forward FY25 PE presently only 8.8

The economic worm has turned and the bottom of the cycle is in. Retaining close to 50% of earnings each year and probably a little over that level with DRP should see them have sufficient capital to grow without another capital raise.  That's how I see it.

Not sure how fresh the Mktsrnr forecasts are. I've got the 3 reports all post announcement - ave is as follows.

EPS: 11, 14.1, 16.3....for FY25-FY27
DPS: 6.7, 8.2, 9.5

pretty chunky revisions post full year to fcst period.

for what its worth.

[Basil]

Bigger dividends, very nice!

[winner (n)]

Jeez, HGH share price having a bad week'

I hope market isn't doubting Heartlans ability to execute its ambitious plans ...but I'm getting feeling they are

I think share price will be about where it is now come Christmas ....and they'll be saying reduced dividend

All these guru analysts are in cuckoo land with their forecasts

Not a good move waking up from my snooze

[Left Field]

Jeez, HGH share price having a bad week'....
.....I hope market isn't doubting Heartlans ability to execute its ambitious plans ...but I'm getting feeling they are.....
.....All these guru analysts are in cuckoo land with their forecasts

Crikey.....careful Winner...... next minute you'll be called a 'Naysayer' or even worse,  a ...... 'loser'

[Basil]

Winner one of the good guys, no malice in him  On the other hand, some make their intentions perfectly clear.
Don't worry Winner me old mate, we'll get some really cheap DRP shares.

[Basil]

Just on $1.04.  Very nice.  https://api.nzx.com/public/announcement/438057/attachment/427252/438057-427252.pdf

[BlackPeter]

Sounds like Heartland was lending money to "Landwork Civil", a company run by a manager with (according ot his employees) unorthodox management methods and a history of receiverships. Company is now in liquidation and Heartland repossessed the vehicles it had as security.

https://www.nzherald.co.nz/business/heartland-bank-repossess-heavy-machinery-amid-liquidation-of-landwork-civil/BZ5NU25KMRBZZF4XONQISGAAKU/?lid=wgm80mwh0xyi
(probably paywalled)

"According to their first liquidators' report, the business owes at least $1.26 million to creditors, including about $65,000 to Inland Revenue."

Heartland is one of the creditors, but their share of the overall debts is not disclosed, nor which part is covered by the machines they repossessed.

Lets hope for a strong market for earthmoving machines and utes.

Looking at the sums overall - any loss (if any) should not be material for Heartland, but the event might be a sign for things to come in the industry.

[winner (n)]

One of that last minute provision of $10m that meant they didn't meet guidance

[Perky]

Oh dear... lucky the drp already set..lol

https://www.nzx.com/announcements/438179