HGH - Heartland Group Holdings

[winner (n)]

LEK here's some liquidators and receieversvreports

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/204836C89791B38E0B1610131BB593BE

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/CD4242324A4353533E579569C1092899

[LaserEyeKiwi]

LEK here's some liquidators and receieversvreports

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/204836C89791B38E0B1610131BB593BE

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/CD4242324A4353533E579569C1092899

Thanks for that, appreciated.

Reading these as more of a curiosity, unfortunately doesn't contain asset values. 

[SCOTTY]

Big volume traded today- 7.685m shares @ 77.12cps VWAP

[raW tent Buffer]

https://www.apra.gov.au/monthly-authorised-deposit-taking-institution-statistics

Looks like steady growth for the Aussie RM book month of May. I'm sure the NZ bank will be finding ways to offset this growth though.

[Relaxed]

Looks like steady growth for the Aussie RM book month of May. I'm sure the NZ bank will be finding ways to offset this growth though.

LOL
you are absolutely correct
I was trying to open a savings account and had a question. they never responded to my message so I called. They never responded to that either. that was four weeks ago.
Have opened an account with another bank

[LaserEyeKiwi]

https://www.apra.gov.au/monthly-authorised-deposit-taking-institution-statistics

Looks like steady growth for the Aussie RM book month of May. I'm sure the NZ bank will be finding ways to offset this growth though.

The APRA report will be useful in future, but I enquired with HGH investor relations about the difference between the APRA report and HGH reporting for the OZ holdings, and they explained that HGH is still in the process of moving some OZ assets into the ADI entity, so until that process is complete we can't tell from the APRA report how much of the monthly growth is from new business vs internal company transfers.

[winner (n)]

Ha ha ....Heartland having ASM in Ashburton

They do anything to avoid Basil being present and asking tricky questions

[Basil]

LOL... I don't think Greg likes my questions.  Happy to take people's proxies if it comes with free air tickets 😁

[lorraina]

I think Basil will still have plenty of fun with his numerous online questions.
I can see Greg asking if there are any online questions.
Yes PLENTY..lol

[winner (n)]

I think Basil will still have plenty of fun with his numerous online questions.
I can see Greg asking if there are any online questions.
Yes PLENTY..lol

They have a habit of overlooking online questions if too tough ....saves a lot of vague nonsensical answers

[Shareguy]

FB latest reporting season preview says arrears at elevated levels  and impairments and or lending growth could surprise negatively over second 2H25. Cost outlook maybe negative relative to expectations..a negative bias. reporting season a potential negative catalyst.

[winner (n)]

Forsyth Barr's Harvey-Green is forecasting normalised (underlying) net profit of $46.2 million for Heartland's June-year, growing to $83.3 million in its 2026 financial year and $105.7 million in 2027.(from that piece in interest.co)

Not very demanding targets but should see the share price double over the next 2 years

[lorraina]

On those figures the eps would be 4.91 cents and the PE ratio would be 16.5 at 81 cents.

[Basil]

FB latest reporting season preview says arrears at elevated levels  and impairments and or lending growth could surprise negatively over second 2H25. Cost outlook maybe negative relative to expectations..a negative bias. reporting season a potential negative catalyst.

I believe they are reading the room correctly.  The fact is we have unemployment at a very elevated level as well as business insolvencies in certain sectors, likewise.  We also have a two speed economy with the some rural sectors doing well and the rest of the economy in a lengthy recession.  It would seem inevitable that the RBNZ will cut tomorrow to reflect the reality of the overall economy recovering at a glacial pace however I don't expect the pace of recovery to improve quickly and more economic stimulus is definitely required.  This is not an economic backdrop against which Heartland with its demonstrated inability to adequately manage arrears across business cycles is likely to thrive especially given their starting point with highly elevated loan arrears.

[LaserEyeKiwi]

Hot dog - Market likes the OCR track dropping to 2.5% low