HGH - Heartland Group Holdings

[Basil]

Interesting, low demand for new loans and higher deposit rates squeezing margins.  An indication of what's to come for Heartland ?  Heartland's loan growth will certainly not be helped by the ridiculous ESG hurdles they make borrowers try and jump over.  https://www.nzherald.co.nz/business/asb-announces-11-per-cent-drop-in-half-year-profit/MB3ORBKYQVG3BH2GX3WBCBIR5Q/

[Minimoke]

Interesting, low demand for new loans and higher deposit rates squeezing margins.  An indication of what's to come for Heartland ?  Heartland's loan growth will certainly not be helped by the ridiculous ESG hurdles they make borrowers try and jump over.  https://www.nzherald.co.nz/business/asb-announces-11-per-cent-drop-in-half-year-profit/MB3ORBKYQVG3BH2GX3WBCBIR5Q/

i last bought a few years back at 1.66 and sold a couple of years later at 1.88. They were writing all this stuff in their annual reports i didnt understand and were getting into divirsity hires. Good signals to get out. No regerts on my part.

[Basil]

No regerts on my part.

I see what you did there. 😊 No doubt about it mate, they've taken their ESG nonsense to more extreme levels in recent times.  "Bankers" eh 😉

[Pierre]

Result announcement tomorrow. Looks like the market is expecting a dud.

[LoungeLizard]

Result announcement tomorrow. Looks like the market is expecting a dud.

You beat me to it, Pierre. SP at a new 52 week low of $1.19. I've thought for a while now that the half term report won't be a good one. If there's even a mention of a cap raise then the SP will be under serious pressure. Perhaps a buy at that point?

[Basil]

Had an interesting chat with a couple of guys out on my boat  a few days ago who attended the recent shareholders association presentation.  The lady presenting, Lazarus, was apparently extremely evasive when it came to at least 2 questions from the floor regarding a capital raise to fund the Challanger bank expansion.  Pretended even to not understand the question.  The clear impression I got from those two gentlemen's report on how things went on the night is there's a capital raise coming, almost certainly.  I'm also expecting a very weak first half report. Not holding for some time now but could be interested in a few @ $1.

[winner (n)]

Had an interesting chat with a couple of guys out on my boat  a few days ago who attended the recent shareholders association presentation.  The lady presenting, Lazarus, was apparently extremely evasive when it came to at least 2 questions from the floor regarding a capital raise to fund the Challanger bank expansion.  Pretended even to not understand the question.  The clear impression I got from those two gentlemen's report on how things went on the night is there's a capital raise coming, almost certainly.  I'm also expecting a very weak first half report. Not holding for some time now but could be interested in a few @ $1.

Last capital raise (the famous $1.80 one when share price was about 225) was announced at time of results

So TOMORROW COULD BE THE DAY

Watch this space

[winner (n)]

Way share price collapsing TOMORROW US CAP RAISE DAY

[LoungeLizard]

SP at $1.16 on high volume. Somethings up (as the actress said to the bishop)

[snapiti]

interesting price fall today on good volume, never a good omen the day before financial report

[Basil]

Closed down 9 cents to $1.17, (7.14%) on huge volume of more than 2.5 million shares.  Very leaky ship!  Bad news coming tomorrow for sure.

[winner (n)]

$1.15 seemed a get out point for some big punters

[snapiti]

Closed down 9 cents to $1.17, (7.14%) on huge volume of more than 2.5 million shares.  Very leaky ship!  Bad news coming tomorrow for sure.

totally agree

[Teitei]

Surely an inquiry warranted if there is a CR announced tomorrow and/or dividend suspended.

[Shareguy]

Surely an inquiry warranted if there is a CR announced tomorrow and/or dividend suspended.

Agree.