HGH - Heartland Group Holdings

[Left Field]

Basil admits to not following HGH closely and then goes on to make several claims.

1. HGH not a growth company...... yet recent Aus statistics say otherwise according to Balance (who follow's HGH closely)

"For the 5 months to Nov 25, HGH Oz showing the following growth :

Deposits up 13.6%

Loans up 13.9%

Assets up 12.2%"

2.) Basil has no faith in HGH management. He assumes management have learned nothing from the lessons of the last two ill-conceived capital raises and the circumstances that created the need for additional capital. Basil may be right. He may be wrong. However since those times, the market has thought differently and  re-rated HGH up circa 60%  from the $0.70c lows.

Perhaps it is wise to wait for the next HGH update.  Making your own decisions on facts not other's opinions is sensible investing.

[Umpah]

Can't help thinking of the old adage
Fool me once - shame on you
Fool me twice - shame on me
I don't know who to blame on the third occasion

[winner (n)]

Basil admits to not following HGH closely and then goes on to make several claims.

1. HGH not a growth company...... yet recent Aus statistics say otherwise according to Balance (who follow's HGH closely)
/.......
 

Hey leftie .... if things are growing from the depths of despair and might get back to where they once wer I suppose you could say they are a growth company

[winner (n)]

'Growth' was said 13 times in addresses at ASM so Heartland must be a growth company ...at least in their minds


....and 12 times in last update

[Basil]

OCA state repeatedly they are a growth company and they certainly are exhibiting strong signs of growth in certain parts of their business like senior management salaries in recent years despite not paying anything in the way of a dividend but their earnings per share are lower than when they floated nearly 9 years ago.

Guess what ?  You can say exactly the same thing about HGH.  If they make consensus forecast EPS in FY27 of 11.4 cps that's still less than the 12 cps they made in 2018.  Nine years without EPS growth.  Its not just an aberration either, average EPS if they make analyst forecasts for the next 2 years is 11.6 cps over those years so FY27 will still be less than average.

This is what I mean when I say these are not growth companies despite all the assertions from both they are.  The lack of eps growth is why the companies share prices have been such poor performers over time.

I'm a numbers guy, I have no time or respect for management of companies that talk B.S. about being growth companies when they're not.

HGH share price is still down more than 50% from the peak in late 2021 and is still lower than it was a decade ago.  OCA's share price needs to be $1.28 just to match the IPO price in inflation adjusted terms.

Its not just that these companies have destroyed so much shareholder value, its what you could have made elsewhere in the market investing in decent well  managed companies.  The opportunity cost.  That's the real portfolio killer for long term investors in these dogs.

At best both HGH and OCA are trading stocks.  As a long term hold they have both proven themselves to be failures.

Just as well its all going to be different going forward, so holders keep saying and the last 9 years of history means nothing   

[Left Field]

Excuse me but why are you posting about OCA on the HGH thread it has no  relevance?

[777]

Excuse me but why are you posting about OCA on the HGH thread it has no  relevance?

Hard to compare them without mentioning both.

[Left Field]

Yeah as relevant as comparing chalk and cheese.

Basil attempting to deflect the discussion, that's all.

[Greekwatchdog]

Also Basil fails to mention that another reason for the falling share price was 2 Cap Raises to Purchase Stock Co and Challenger both in Aust.

I suspect he still very bitter after being seduced by a gloosy HGH presentation when buying at $1.15 and highlighting he had $300k to allocate to buy more despite warning from posters on here.

I think it was great buying in the $0.70's for those who had a nose for a feed.

I for one are looking forward to the Half Year result next month and maybe we get some update this month.

[Basil]

It was great selling at $2.50 in late 2021 that's for sure. Not worried about breaking even in 2024. Sold to buy Tower which have doubled. Happy days !

[Basil]

Excuse me but why are you posting about OCA on the HGH thread it has no  relevance?

Just illustrating my point that they're both as bad as each other.

[Left Field]

It was great selling at $2.50 in late 2021 that's for sure. Not worried about breaking even in 2024. Sold to buy Tower which have doubled. Happy days !

Basil - who cares?

This is not about your ego.

The point that Winner, LEK and myself have been making today is that some of the negative claims you have made about HGH in the last two weeks have been misleading and erroneous, and that it is better to wait for the next results before consigning HGH to the investment rubbish bin.

That's all.

[Greekwatchdog]

Basil, you claim you don't follow either OCA or HGH anymore yet you still add your info without doing any research.

Would have thought someone who is getting old would have more important things to do in your last few years of life instead of posting the same weekly crap on stocks you don't follow closely any longer nor care about.

[777]

Give us a break LF and GWD. If you don't like posts don't read the damn things. Others are interested.They can take what they want from them.

[Greekwatchdog]

Give us a break LF and GWD. If you don't like posts don't read the damn things. Others are interested.They can take what they want from them.

We could say the same but we have to tolerate this and if we say something else we get a history lesson with a few key facts missing and then a EGO saying he has done this and that.