HGH - Heartland Group Holdings

[raW tent Buffer]

OK - yes, Robert did spend $10k and Simon $50k. Good on Simon, and you are correct, I missed the attachment on him. But before smugness starts to impair your walking ... it appears you originally missed Roberts announcement, otherwise your original answer looks sort of incomplete as well. Didn't you ?

No weirdly enough I read both disclosure notices by using the very cool scroll function on my device.

I assumed your reference was to the higher value since you didn't distinguish.

Regardless, I see it as neutral news at worst and find it weird that it's getting scoffed at here and on the other channel. Some people just love to hate!

[winner (n)]

Interesting that Mr T with his vast fortune hasn't stepped up to the plate and bought more of this trading at a 13 year low or for that matter OCA either, both trading at what some see as incredibly deep value.  Maybe he has strict ROI criteria and thinks there's no point throwing good money after bad ?

I see that all of Tomlinson/Harrogate shares have been transferred into a new entity called Tomlinson Group HGH Limited

Maybe Greg given up on Heartland and now calling his interest a NON-STRATEGIC ASSET and forming his own bad bank.

[LaserEyeKiwi]

Another Director buying: https://api.nzx.com/public/announcement/448308/attachment/439524/448308-439524.pdf

I'm doing the same.

[SCOTTY]

How long do shareholders have to wait before there is a clean out of the incompetent managers?

[lorraina]

Just the managers.?
Two boards need to be cleaned out.
An experienced banker needs to be appointed Chair.

[BlackPeter]

Oh dear, they really seem to have broken it.

Just looking at the usual suspects:

Milk price is in the stratosphere - which used to be a certain indicator for HGH doing well.

Agriculture generally doing well and farmers starting to spend money again - which is good for the people who loan them money.

Need for Reverse Equity Mortagages growing (remember the cost of living crisis?) - which should be a really great thing for the major provider of this service.

And now Trumps tariffs on cars, which no doubt will push car prices up world wide, which is not just good for selling old bangers, but should bolster as well the remaining security on not so certain car loans.

All indicators on green - and what is the share price doing? Dimpling along an All Time Low (well, for HBH certainly, not sure about the various tickers they used to have before).

Must be time for a new Board (OK - 2 new boards), a new CEO or two and a new Ticker ...

[LaserEyeKiwi]

Oh dear, they really seem to have broken it.

Just looking at the usual suspects:

Milk price is in the stratosphere - which used to be a certain indicator for HGH doing well.

Agriculture generally doing well and farmers starting to spend money again - which is good for the people who loan them money.

Need for Reverse Equity Mortagages growing (remember the cost of living crisis?) - which should be a really great thing for the major provider of this service.

And now Trumps tariffs on cars, which no doubt will push car prices up world wide, which is not just good for selling old bangers, but should bolster as well the remaining security on not so certain car loans.

All indicators on green - and what is the share price doing? Dimpling along an All Time Low (well, for HBH certainly, not sure about the various tickers they used to have before).

Must be time for a new Board (OK - 2 new boards), a new CEO or two and a new Ticker ...

I think you are taking all the positives that you mention, but coming up with the wrong conclusion.

"There are a lot of positives, but the share price remains very low"

The correct response is not "we must clear out the board".

The correct response is: "hot damn the market is really mispricing this stock, I will accumulate during this amazing opportunity".

just my opinion of course, not advice.

[BlackPeter]

I think you are taking all the positives that you mention, but coming up with the wrong conclusion.

"There are a lot of positives, but the share price remains very low"

The correct response is not "we must clear out the board".

The correct response is: "hot damn the market is really mispricing this stock, I will accumulate during this amazing opportunity".

just my opinion of course, not advice.

Maybe. I said "They seem to have broken it".

But yes - if the stock does not follow the ususal indicators, it could mean the stock is broken, or it could mean the markets perception is broken.

If I look at the fundamentals - (3yr) forward PE is 7.7, (10yr) backward PE even just 6.3. Are these analysts just too pessimistic? On the other hand - earnings CAGR (both forward as well as backward) not flash - at best you could call it flatlining.

SP is only 77% of NTA (quite unusual for a bank), which might even offer some buffer against all these loans people are worried about.

So - what they clearly have broken is the markets perception. Remember - their job is to sell an amazing and convincing story, and clearly - they are inept doing that.

Have they broken the earnings machine as well? Time will tell (and yes, with market improving they might get away with a black eye).

Just for disclosure: I am holding and accumulated some more in recent months. Whether this is due to a stroke of genius, lethargy or stupidity, we will see in due course.

[raW tent Buffer]

All indicators on green - and what is the share price doing? Dimpling along an All Time Low (well, for HBH certainly, not sure about the various tickers they used to have before).

Spot on, so many positive indicators for growth but who knows what's going on with all the bad loans in the background. Bit of a gamble but I too have been accumulating in the late 70s, probably more that I should have but time will reveal all.

[Greekwatchdog]

Maybe. I said "They seem to have broken it".

But yes - if the stock does not follow the ususal indicators, it could mean the stock is broken, or it could mean the markets perception is broken.

If I look at the fundamentals - (3yr) forward PE is 7.7, (10yr) backward PE even just 6.3. Are these analysts just too pessimistic? On the other hand - earnings CAGR (both forward as well as backward) not flash - at best you could call it flatlining.

SP is only 77% of NTA (quite unusual for a bank), which might even offer some buffer against all these loans people are worried about.

So - what they clearly have broken is the markets perception. Remember - their job is to sell an amazing and convincing story, and clearly - they are inept doing that.

Have they broken the earnings machine as well? Time will tell (and yes, with market improving they might get away with a black eye).

Just for disclosure: I am holding and accumulated some more in recent months. Whether this is due to a stroke of genius, lethargy or stupidity, we will see in due course.

I have been doing the same, in the end it comes down to your respective timeline you are prepared to hold the stock.

[mike2023]

I have been doing the same, in the end it comes down to your respective timeline you are prepared to hold the stock.

Basically, you've been buying in a down trend, right? I no longer hold and sold after the previous CR at $1.80 and they REALLY have broken it, I don't trust them an inch. HGH was one of my favorite stocks and div payers and now they are paying a div out of CR monies.
Yes they have some good business prospects, but credit control has been lax (i.e. a bonfire of cash)

[Greekwatchdog]

Basically, you've been buying in a down trend, right? I no longer hold and sold after the previous CR at $1.80 and they REALLY have broken it, I don't trust them an inch. HGH was one of my favorite stocks and div payers and now they are paying a div out of CR monies.
Yes they have some good business prospects, but credit control has been lax (i.e. a bonfire of cash)

My average is now $0.82. Most expensive Purchase was $0.95. I see real value in it for a 5 year hold.

We all have our Philosophies. I remember when one poster started talking it up @ $1.15 only to get grumpy when full year was awful. The half year was and expecting the current full year to be same. I am ok with that.

Time will tell if I have done well or not but at these values its pretty good buying. Mind you another poor announcement before FY will make me a goose. Thats the way it is.

[Basil]

I don't trust them an inch.

Agree 100%

credit control has been lax (i.e. a bonfire of cash)

Its been absolutely appalling and amounts to gross recklessness on a huge scale.  I am not convinced at all that they have taken ownership of their mistakes and made any meaningful changes.    Fully deserving to be in the dog box along with Tomlinson's other flea infested dog, OCA.

[BlackPeter]

Basically, you've been buying in a down trend, right? I no longer hold and sold after the previous CR at $1.80 and they REALLY have broken it, I don't trust them an inch. HGH was one of my favorite stocks and div payers and now they are paying a div out of CR monies.
Yes they have some good business prospects, but credit control has been lax (i.e. a bonfire of cash)

Well,  there was a bull trap late January to early February (and somemore before), but yes, apart from that everybody buying over the last three years or so was buying in a downtrend. On the other hand - buying in a downtrend at say 78 cents is much more fun than buying in an uptrend (i.e. in the bulltrap) at $1.10. The thing with traps is, you only see them with the benefit of hindsight.

The other thing is - the only way to turn a downtrend around is to buy, and yes, while it is more risky, it means as well (if successful) higher gains. The trick is to identify the likelyhood for a bottom with other means (fundamental analysis). Successful investors are not the ones who only buy in uptrends (actually, this might be a quite expensive experience as well, if you happen to buy close to the peaks).

While I like to look at trends as well as at fundamentals, I never buy if I see the fundamentals are wrong, but trend information just tells me in which direction a stampeding herd of horses are currently running, which may or may not indicate which direction they choose after the next bang.

[Greekwatchdog]

Agree 100%Its been absolutely appalling and amounts to gross recklessness on a huge scale.  I am not convinced at all that they have taken ownership of their mistakes and made any meaningful changes.    Fully deserving to be in the dog box along with Tomlinson's other flea infested dog, OCA.

But what made you trust them at $1.15 8/9 months ago? Jeff G. has created alot of this, thou the board need to take responibilty as well. I remeber the days you were all happy with what they were doing saying JG should be knighted.

There was lot of miss judgement in alot of you back then. This is what happens when you do a number of CR's and your loan book is riskier for better returns.

The change is happening but there will always be a delay until the nasties get cleaned out fully.

Heaven forbid if we got an earnings upgrade over next few months. Not saying it will happen but none of us know. And look we are 3 months away from end year and appanetly the economy has Green shoots at thw bottom.

So I would rather buy at these low levels than $1.15 8/9 months ago when everyones eye was on the $200m earnings for 2028...