HGH - Heartland Group Holdings

[Waltzing]

Well not aving  (french)  DIC Snop here one wonders what the banks are going to do for 2023 and 24..

ANZ moving up today...

Recent articles in AUS have highlighted the cost of corporate roll over debt and the percentage of that effecting the EPS of ASX 200 companies...

Its the big question going forward and lets hope its not to big...

wonder if Winner has numbers on this...

[lorraina]

51 days to go before the divie hits my bank on 17th March.
Result out on 23rd Feb.Ex div 2 nd March.
Am expecting 5.5cps,but will be happy with 5 cps.

[Minimoke]

51 days to go before the divie hits my bank on 17th March.
Result out on 23rd Feb.Ex div 2 nd March.
Am expecting 5.5cps,but will be happy with 5 cps.

A nice wee deposit if you bought in September. Not so if you bought in January last year.

( I think we always need to measure divies against SP performance)

[lorraina]

I look at my HGH holding as a sort of Cash Management Account.
When I have made a decent profit on the sale of a share, I often recycle the funds into HGH shares.
Then when I need funds for another investment I sell some HGH shares.
Has worked a treat for years.
"Always better to own the bank than have money in the bank".

[Recaster]

Recast the FY22 accounts for this company going back just two years. The numbers in the recast cash flow statement are very different from the published figures.

You can read it here:

Recast Accounts HGH FY22

[Left Field]

Recast the FY22 accounts for this company going back just two years. The numbers in the recast cash flow statement are very different from the published figures.

You can read it here:

Recast Accounts HGH FY22

Thanks Recaster, your analysis helps explain the recent hurried cap raise and the issues relating to their growing reverse mortgage book.

[winner (n)]

Basil mentioned he not that happy with Heartland 'culture' and reduced his holding

My adoration of Jeff and his team is waning ....the halo is losing its shine ...fast ......and Heartland doesn't seem to be the Heartland it once was

Be a bad day if we ever had to say 'Heartland didn't do what they said they would do' ....might not be far off

The 'halo effect' in business is an interesting concept. Might pull out my copy of "The Halo Effect: . . . and the Eight Other Business Delusions That Deceive Managers" and sit out in the sun (fogs lifting) and give it another read.

[Shareguy]

Reverse mortgages on the rise.

https://www.oneroof.co.nz/news/42996?utm_source=nzherald&utm_medium=nzhapp

[winner (n)]

Hope what Forbar say in media is wrong -

Similarly, Heartland Group may surprise some investors with a weaker report due to higher operating costs and deteriorating economic conditions.

[Basil]

Hope what Forbar say in media is wrong -

Similarly, Heartland Group may surprise some investors with a weaker report due to higher operating costs and deteriorating economic conditions.

Website greets you in Te Reo now.  "Impressive"  https://www.heartland.co.nz/
Can't help wondering how much Iwi have invested to be able to influence the culture so much or is this just management pandering to all things ESG and culture?
Maybe they need a name change to "Mano Whenua Pēke" Heartland Bank in Te Reo...I'm sure that would "impress" investors.

[notmaurice]

I have term deposits with Heartland but because they no longer have a physical bank in Hamilton,as they become due i change them to ASB who have a presence.
Have had shares in Heartland since they began as i was a shareholder in CBS.Reasonably happy with the sp but if it reaches $2.40 or thereabouts again i'll be out.

[Minimoke]

Website greets you in Te Reo now.  "Impressive"  https://www.heartland.co.nz/
Can't help wondering how much Iwi have invested to be able to influence the culture so much or is this just management pandering to all things ESG and culture?
Maybe they need a name change to "Mano Whenua Pēke" Heartland Bank in Te Reo...I'm sure that would "impress" investors.

I'm not sure who is more woke. Heartland or ANZ. I don't hold either as I reckon they have stayed to far from core business for shareholders.

[Hectorplains]

Website greets you in Te Reo now.  "Impressive"  https://www.heartland.co.nz/
Can't help wondering how much Iwi have invested to be able to influence the culture so much or is this just management pandering to all things ESG and culture?
Maybe they need a name change to "Mano Whenua Pēke" Heartland Bank in Te Reo...I'm sure that would "impress" investors.

You might be getting a tad precious there, Basil.  It's four words in Te Reo (unless you're seeing something that I'm not?)
"Nau mai, haere mai" is not exactly esoteric either as a Kiwi welcome. It's banged out everywhere, nearly as well known now as, "Kia ora." It fits Heartland's narrative of New Zealand ownership and their long history on these shores. Every other word on the page is in English - maybe a couple of hundred of them.  4 to 200 - that's hardly over the odds is it?

[Waltzing]

ANZ with suncorp might finally start to go somewhere.

We tend to forget that this little number was actually a big hit with everyone...

https://www.youtube.com/watch?v=DQLUygS0IAQ

In Terms  of  brevity the letters NZ just cant be beaten. Its just economical...A country that is now known like the US, the UK or AUS. Cant see NZ and english going away.

for language you cant beat french... it just sounds better...

https://www.telegraph.co.uk/columnists/2023/02/11/what-french-really-think-le-wokisme/

and WOKE is outlawed..

Back to banking. Its WBC that is the DOG these days.

In fact you could probably short WBC . HGH compared to wbc is positively breaking new ground.

2024 is now looking like a hard landing year... or by then will the world have forgotten and something else will have come along to life all boats.

China wises up and opening up economy as FORD for example opens new EV factory in China.

https://www.cnbc.com/2023/02/13/ford-ev-battery-plant-china-catl.html

capitalism waits for no country...it never sleeps.

[Left Field]

Crikey do we see more signs of inept management??? No it's OK, just blame the cyclone.

https://www.nzx.com/announcements/407002

Further downward pressure of the SP today. GLH.