HGH - Heartland Group Holdings

[BlackPeter]

HGH share price down to 166 ....do we blame surging bonds ...or something sinister come out

What were the DRP shares issued at?

Come on ... people are always so proud to save money using the DRP, how can you do that to them and spoil their sense of achievement?

From a personal point of view ...

I found that buying (any) shares at DRP prices is more often bad for me than good. Don't do the DRP thing anymore and decide for myself if and when to use the dividends.

At least this means that I have to blame only myself if it doesn't work out ;

[lorraina]

Basil buying has spooked the market....lol

[Basil]

Except for the inconvenient truth, that I haven't been buying and hold only a modest < 4% portfolio allocation.
Looking at the depth on the buy side there does seem to be almost a complete lack of support.

[lorraina]

Got to thinking over the weekend with the great election result which companies might benefit?
I think many will but as the economy goes, so goes Heartland so I think HGH should do well from here over the next 3 years.  I note the average broker rating is outperform and the average price target is $2.01.

Average eps forecast is 17 cps, (forward PE 10.2 and dividends 13 cps ~ 10% gross yield.  I think fully imputed dividends of 12 cps are more likely but that's still 9.6% Gross at $1.74.  https://www.marketscreener.com/quote/stock/HEARTLAND-GROUP-HOLDINGS--47041144/consensus/
Those are excellent metrics trading very close to the bottom of the usual PE range of (9.5 - 18) for HGH. 

After reading your post I thought you would be buying.\
Wrong again..lol

[Basil]

Been to busy buying Turners shares, HGH might be next lol

[LoungeLizard]

I've been off HGH ever since they expanded operations / pivoted to Aussie. At these levels - a one year low - I'm thinking it may be a good time to get back in, although I still have doubts about their ability to hold dividends and about the whole macro banking environment. Very tempted though...

[Basil]

Chart looks like a very ugly duckling.  Lot of technical damage being done here 
Down 9.5% from $1.68 last Tuesday to $1.52 in just 5 trading days !     WTF ?

[LoungeLizard]

I kind of thought when I exited that the SP would be in the doldrums for some time, but I didn't think it would drop off this badly. A lot of selling pressure and I don't see much support either. Hard to pick the bottom at any time but it can't go much further. Can it?

[Basil]

Got into the low $1.30's, around this time of year, a few years back on recession fears.  I backed up the truck then.  Been a bit of eps growth since then but on the other hand the 10 year treasury rate is a lot higher now than it was back then, so those two factors probably come close to balancing each other out.
Low $1.30's, you would think that's some sort of floor, surely ?  Strange market though, not much support for stocks at this point..
We're about 10,700 on the NZX50...I expect a test of the 10,000 level in due course.  Wars / geopolitical factors and the highest global 10 year Treasury rates since the GFC are weighing very, very heavy on the market.  I don't expect any relief on those issues in the near term.

[lorraina]

At today's share price I feel lucky I sold a few to pay for a "few extra" 2CC early this month.
I guess I may be able to buy them back a little cheaper when I get the 2CC divie in December.?..lol

[winner (n)]

Whose going to or joining in the hui this week

Jeez, Challenger Bank Directors going to be well paid eh

And nice the Chair of the newly formed Sustainability Committee is to get $20,000 of the huge increase in Directors Fees

I've voted NO against Directors Fees and NO to re-elect our Greg .......good guy but done his stint and Board needs less old white guys no matter how smart they are.

[lorraina]

Crikey you would vote against Warren and Charlie...lol

Our Gregg is still using his brain.He has attracted the incredible CEO Simon Limmer to his Indevin business.

[winner (n)]

Crikey you would vote against Warren and Charlie...lol

Our Gregg is still using his brain.He has attracted the incredible CEO Simon Limmer to his Indevin business.

Needs to get grumpy with other Oceania directors and management

[lorraina]

I would expect he is..

However with his history he most probably knows the business and sector better than us mugs.
Would also expect he has more patience too.

[winner (n)]

Westpac NZ report full year that NIM up 11 basis points but impairments came in at $135m (pcp a benefit)

Suppose Jeff will confirm F24 guidance at the hui this week