HGH - Heartland Group Holdings

[Left Field]

$1.30 is merely a line in the sand......

Whether the HGH SP goes higher or lower depends on the next few updates.

Best to be patient and decide when you have the info'.

[Basil]

I am genuinely worried they are going too far with their ESG crap. DYOR but some of the B.S. in the most recent presentation worries me.  New ESG criteria for business loans, no lending on diesel vehicles and not passing on the increased cost of funds on some floating rate facilities are 3 examples of things that worry me.  Could they even announce they are aiming to be a certified "B Corporation" in 2024?

[Crackity]

I am genuinely worried they are going too far with their ESG crap. DYOR but some of the B.S. in the most recent presentation worries me.  New ESG criteria for business loans, no lending on diesel vehicles and not passing on the increased cost of funds on some floating rate facilities are 3 examples of things that worry me.  Could they even announce they are aiming to be a certified "B Corporation" in 2024?

Synlait / Heartland merger eh - solves all problems 🥸

[Buzz]

Have to agree LL, and the chart doesn't give any encouragement
To buy straight away. I have this "silly" thing about not buying in a downtrend. Saved me coming to grief many times before.

Nothing silly about that! Holders wanting to accumulate, or buyers wanting to get in, would be well informed by the chart. It's screaming "wait".

[SCOTTY]

Fair enough ...

Absolutely - and I did not intend to question the usefulness of winners chart in any way shape or form. 

Don't think there was any special reason - it was just Heartland was just created from the ashes of the old building society - and people had to get used to this finance company turning into a real bank - well, at least on paper ;

Great buying at that stage for 50 or 60 cents a  share ... and I remember percy doing a dance every time the EPS increased ... and yes, they made a habit out of that. Good old times, that.

As winner would say - Sp goes with EPS, and the rest is history.

The 50-60c was about the time that George Gould sold out. Was a great buying opportunity which subsequent dividends have paid for

[Basil]

American regional banks under pressure again. Some pretty sizeable falls . Hope it doesn't lead to another small bank crisis of confidence.

[lorraina]

Who cares.?
Will not affect the price of fish in Zanzibar...lol.

[winner (n)]

Kiwibank listing on cards again?

Shoot the man from from Craig's ....he says if a NZer wants to invest in a bank he has to go the anz, Wbc etc way .....no mention of that transtasman bank hgh

Kiwibank could be a billion-dollar (partially) listed baby
https://businessdesk.co.nz/article/markets/kiwibank-could-be-a-billion-dollar-partially-listed-baby
Paywalled?

[Basil]

Just noticed on Jarden Direct's website HGH was #1 stock bought week before last and #2 last week and yet the shares keep plumbing new multi year lows on solid volume. Hmmm...Institutions selling to retail?

[LoungeLizard]

650k traded today and SP down to $1.31. Institutions selling rather than buying I would have thought. Can they hear the drums, Fernando?

[Basil]

Who cares.?
Will not affect the price of fish in Zanzibar...lol.

We'll see.  Pretty sizeable fall in the HGH SP since American regional banks started feeling the heat earlier this month.  Related ?, coincidence ?..who knows for sure.  The possibility of another regional banking crisis with flow on effects here cannot be ruled out in my opinion and is yet another risk to be cognisant of.

[Glenorchy]

Isn't the problem with american regional banks their exposure to commercial real estate loans? I'm not sure HGH has similar exposure and I don't think we're seeing issues with Office and retail space here in NZ on a comparable scale with that they're seeing in some US cities afaik?

[Basil]

Think that's a big part of it but NIM compression another worry.  Small banks having to pay up more to get deposit support.  Think HGH were complaining about exactly that in their presentation accompanying their recent downgrade.

P.S. Just saw on CNBC this morning despite the S&P 500 being up nearly 5% year to date the regional banking index is down a pretty decent sized drop of 10.5%.  HGH is down 11.5% year to date.  Coincidence?... you folks be the judge.

[winner (n)]

Jeez ...weekly close at 128 ...wow

Except for couple of months in covid times this is lowest since the ticker code changed

Unloved big time

Jeff needs to come clean next week ...or else could be close a buck before announcement in a few weeks

[Rawz]

Is the Beagle/Basil in for a feed at these levels? You have a good nose for HGH big feeds