I agree a perfect opportunity to top up. But in this climate I want bargains.
Printable View
In ye olde days a hound would bark at $1.40 like it was a blood moon. Now we have had dilution and there was talk of a need for more capital in the future. What say the people? $1.25? Even I'd bark at that.
Sub $1.50 by the looks. Let’s see what tomorrow brings. I’m presuming a little bounce
Edited: Ok $1.50 but still heading south for a while but I do see that little bounce happening
Just feel like it’s going to go under book value so no point looking until under $1.44
does hgh have any of these
RBNZ says NZ banks' Additional Tier 1 capital bonds are 'going-concern capital' & may be subject to loss if the bank issuer gets into serious trouble
https://www.interest.co.nz/banking/1...capital-may-be
No - all capital is Tier 1 CET1 capital. No AD1 or tier 2 capital.
HBL is/was considering an issue of tier 2 subordinated notes. Different type of instrument to AD1 CoCos.
Natural next question be how CS’ tier 2 notes fared in its merger with UBS. There was no impact.
https://www.bondsupermart.com/bsm/ar...bs-RCMS_268680
I would not be surprised to see the tier 2 note issue differed. Note very little is known about the fine print of the mooted T2 subnote issue as nothing has been released nor the offer launched.
Anyone think there could be a slow bank run from HGH to ANZ, BNZ, ASB or Westpac.
Similar to the US regional state banks seeing some deposit flight to Citi, Bank of America etc.
I.e move your deposits to the ‘too big to fail banks’
Heartland have proved very adept at raising deposits.
For each of the last four sequential quarterly growth rates in net deposits, HBL has grown deposits far in excess of industry growth rates, and has among the highest deposit growth rates in NZ.
The most recent available quarter saw deposits across all deposit takes grow 2.3%, HBL was 1.6x that 3.7%.
HBL's deposit rates remain sharp and note the 'shareholder' deposit offer has recently been sent out.
Attachment 14522
Hey FM, it will be interesting if HBL can continue this trend in current banking industry climate
Page 32 Heartland presentation 28/02/2023
Heartland Group
Heartland increased borrowings by $158.3 million (2.6%) to $6,329.1 million.
New Zealand
• Heartland Bank increased borrowings by $249.7 million (5.7%) to $4,596.3 million.
‒ Deposits grew $480.5 million (13.4%) to $4,077.7 million, driven by competitive pricing on
targeted products, including Heartland’s Notice Saver offerings which both received Canstar
New Zealand recognition in the half.2
‒ In Q1 of FY2023, Heartland Bank experienced the highest growth rate in retail deposits of all
main and domestic banks in NZ.1
‒ Other borrowings decreased by $230.8 million (30.8%), largely due to the maturity of $150
million retail bond, as well as the amount drawn down in Heartland Bank’s committed auto
warehouse facility decreasing by $76.6 million.
• Total liquidity strengthened, increasing by $146.9 million (23.4%) to $774.8 million.
• Heartland Bank holds liquidity well in excess of regulatory minimums and maintains strong
regulatory liquidity ratios.
liquidity nearly equal to on call deposits- that's a very good bank.
But how robust is their loan book I wonder?
To any one who has any concerns about Heartland Bank or Heartland Group ,I think reading HGH's 28th February presentation will find it interesting,and informative as well as being reassuring. Here is the link.
http://nzx-prod-s7fsd7f98s.s3-websit...457/389620.pdf