I think this is just your personal interpretation. No wonder it does not work for you :p;
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This may help you "The concept of diversity encompasses acceptance and respect. It means understanding that each individual is unique, and recognizing our individual differences. These can be along the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs, or other ideologies. It is the exploration of these differences in a safe, positive, and nurturing environment. It is about understanding each other and moving beyond simple tolerance to embracing and celebrating the rich dimensions of diversity contained within each individual.
Diversity is a reality created by individuals and groups from a broad spectrum of demographic and philosophical differences. It is extremely important to support and protect diversity because by valuing individuals and groups free from prejudice, and by fostering a climate where equity and mutual respect are intrinsic.
"Diversity" means more than just acknowledging and/or tolerating difference. Diversity is a set of conscious practices that involve:
- Understanding and appreciating interdependence of humanity, cultures, and the natural environment.
- Practicing mutual respect for qualities and experiences that are different from our own.
- Understanding that diversity includes not only ways of being but also ways of knowing;
- Recognizing that personal, cultural and institutionalized discrimination creates and sustains privileges for some while creating and sustaining disadvantages for others;
- Building alliances across differences so that we can work together to eradicate all forms of discrimination.
Diversity includes, therefore, knowing how to relate to those qualities and conditions that are different from our own and outside the groups to which we belong, yet are present in other individuals and groups. These include but are not limited to age, ethnicity, class, gender, physical abilities/qualities, race, sexual orientation, as well as religious status, gender expression, educational background, geographical location, income, marital status, parental status, and work experiences. Finally, we acknowledge that categories of difference are not always fixed but also can be fluid, we respect individual rights to self-identification, and we recognize that no one culture is intrinsically superior to another."
And if you look through you wont see the word "competent" anywhere: http://www.qcc.cuny.edu/diversity/definition.html (its a pretty typical definition of Diversity nowadays)
I can see why you emphasize the thinking of a cabbage.
Seriously - did anybody state that diversity is the ONLY requirement? So - why would there be a need for competence being part of the definition of diversity?
But anyway - that's all not really topical for this thread ...
Minimoke me old mate ....you seem to be the only one who brings up the subject of ‘competence’ whenever diversity is raised.
I’m sure Cherise is very competent and will serve Heartland well
CFO is a huge position to hold at HGH.
Appears to me they have appointed a more than capable person.
Absolutely - competence is a "must have", but it certainly is not the only criterion to select the best candidate. I'd rate as well soft skills, resilience, leadership, organisational skills and (depending on the role) the candidates contribution to team diversity ...
anything less, yes, but what if several candidates are "competent"? All other things being equal (or at least good enough) , improving team diversity could well be the icing on the cake?
But I am sure you knew that ...
Well a great day for me with TRA and SKL each being up 3 cents today.
But "at the end of the day" I am well down, with HGH falling 5 cents..............lol.
I look forward to tomorrow.?
Global Dairy Price auction saw prices up , although wmp down a tad.
Prices been increasing the last few months but the increases have been getting a bit less recently ...just the Heartland share price.
Outlook still positive for dairy the man on the radio said this morning ...that’s a good sign for Heartland share price as we head into the full year profit announcement
I see 17000 trades of hbl shares in aussie yesterday..... up 14%.......well it's a start....nz volume not too shabby either last few days, ..must be time for an update soon as to how their aussie plans are going
Saw HGH ad on TV ...their senior loan is kicking off...
Right you are, HGH remarkably resilient, gone back to my fav weekly chart. Not a bank really eh, would have been canned, so getting back to its finance roots good for shareholders. Wonder if they should just ditch the whole retail banking thing, with its big overheads and massive competition, limited bottom line contribution, esp when they’ve cornered a nice niche in demand that the bankers don’t want to touch. Happy having bought the big dip, second time ride on this. Ok so far.
Global Dairy Prices down over night
Prices seem to have peaked in this cycle......but current prices about 20% higher than the last low ...just like the Heartland share price
Spooky eh err
Interesting article
https://www.newsroom.co.nz/2019/05/2...ar-to-mortgage
I believe HGH seem better prepared if it did happen
Heartland must be due to announce a profit upgrade
The $73m to $75m must be out of date by now ....after all they’ve got all that extra money to play with, you’d hope they would be making money on it eh
Reverse mortgage competition heating up !! https://www.interest.co.nz/banking/1...g-need-reverse
NBR headline today
HEARTLAND chasing 12.8 m from Christina Domecq.
Ha ha .....the correlation is not a day to day one ....it’s a long term one.
Yes are correct in that Global Dairy Prices down again over night
Prices seem to have peaked in this cycle......but current prices about 20% higher than the last low ...just like the Heartland share price. That’s spooky eh
And even after today’s price ‘explosion’ the Heartland share price is still below where it was in April
Hope the share price keeps going up in leaps and bounds....probably will seeing Beagle starting to talk about it again.
Full moon was 17th June,
Sort of explains things....lol
Percy ...remember the run on the Countrywide Building Society
https://croakingcassandra.com/2019/0...lding-society/
No I had completely forgotten it.
Had good dealings with them in 90s.
National Bank,who we banked with,started charging a cash handling fee for deposits.
At the time I was doing the banking etc for two Lotto shops,so it was a considerable amount.
We moved to Countrywide because they waved the fee, as they said it saved them having to get cash delivered.
I had C W as a tenant and this is what I was told by an executive of C W, a team from C W went over to the U K to discuss with Lloyds bank who owned National Bank the possibility of C W taking over National Bank, as discussions progressed N B floated the possibility of N B taking over C W, the team said to Lloyds yes that could be if there was a very substantial offer , the rest is history.
C W was taken over by Nat Bank then a few years later ANZ took over Nat Bank and that is how ANZ comes to be N Z largest bank.
Heartland secures another A$ 250M to fund the fast growing reverse mortgage business in Aussie
Not sure how relevant the last 15 years numbers are. In the last couple of years 3 of the major competitors in Aussie have withdrawn from the REL business leaving Heartland as a major player. They have been growing this business in Australia by over 20% p.a. recently and are now starting a big advertising campaign to increase awareness even further and are well funded to to write more mortgages. Additionally, the Australian Government has made clear they see reverse mortgages as part of the future to deal with large numbers of people in retirement.
We are well positioned :-)
with the property market having done so well in the medium term with so many aging owners rich with cashless equity this is going to be a fantastic option for lots of people. I agree this is a real gift on a platter for Heartland. Yes there will be paperwork challenges and regulatory diligence needing to be well attended to.
I recall Snoopy saying this was a cashflow negative operation and at the end of the day cash flow was all that mattered but there must be good money to be made from usury at these higher rates (it seems that the market accepts higher rates than first mortgages even though the risk is actually a lot less due to very low LVR's involved).
I am not super keen on Heartland though but am really keen on a reverse mortgage business in Australia!
Both you and Snoopy would better understand HGH's RELs should you read HGH's presentation of November 19th 2018.
Some simple points,when comparing to standard mortgages.
Shorter loan term length ,........Lessens risk.
Lower LVR............................Lessens risk.
Higher net margin...................More profitable.Better use of capital.
Yes Percy all good and accurate points but I think Peat and Snoopy make a fair point that these mortgages are capital intensive with no immediate repayments. But on the other hand, the term is very short (before the mortgage is FULLY repaid) and I think that is a fact many are overlooking. Having split this business from the bank in NZ, allowing them to diversify borrowing in the current low interest environment makes this a great business to be invested in.
You are right to point out these mortgages are capital intensive.
I thought after I had posted I was wrong to brush Peat's concerns off.
Although the average term of RELs is around or under 10 years, compared with 20 to 30 year standard mortgages they are incuring deferred interest.ie the people taking them out do not pay interest on the amount borrowed until such time as the loan is repaid.Two things we must remember is HGH must pay the interest during the term on their borrowings from capital,or from other income.The other thing is HGH must not borrow short and lend long.I note on this announcement and previous announcements they stress they are sourcing longer term funding.
I will go back to the length of the loans again.The average loan is say 10 years,however some are longer term,but we know a great number are only for 3 or 4 years.This means HGH can recycle the repaid loan, together with accumulated interest very quickly,so the capital intensive lessens.
The huge growth HGH are achieving, will put some pressure on capital in the short term,however it has not hindered HGH capacity to increase funding.
This is because lenders see HGH's RELs as a very safe and profitable financial product,gaining in demand from the asset rich,cash poor older generation who want to enjoy their later years.
What a great yield play in the current environment. A bonus that capital appreciation is outpacing dividends too! I have been accumulating more...
Same herte ,bought today
My problem also RTM. Common sense has to kick in at some time though..
Relying on eggs in one basket is not recommended by so many of the wise men who have gone before us.
Being one of the believers .. Still holding from the beginning... ( Minus a few because of trembles ).
I am more than happy..
Happy enough to continue supporting their DRP.. Compound interest :-))).
10.5% of my portfolio. The biggest by 4%.
That’s plenty, yes, I’ve held and added from inception as well.
If they get to 2.10 odd...I’ll probably lighten up a bit.
17% of portfolio but have a limit of 25% in any one share . EBO sits at about 20%
Will top up on heartland , have over a Million
I look at the cost when doing the %
They are various places for our kids.
HGH 13% of my portfolio, second to Meridian at 21%. Happy days :)
Holding both of those, the first one i hold percy responsible for;); with a time limit on Heartland linked to my wellbeing(alive) index:t_up:
Anybody know who the $250m funder is or likely to be.
Shouldn't that be divulged or is it sensitive.
Wow...that's a lot of Heartland shares. Congratulations !
Interesting way of looking at the portfolio % Horus, thanks for sharing. For me this would I think defeat the purpose of making sure that nothing is getting to too big a % of my portfolio. It won't be easy to sell tho, that's for sure.
Well sitting on 100 day MA .If it drops it may go down to 180 ma at $1.52.
In under two months time you should receive a fully imputed 5 cents divie,and at the end of March next year,ie 8 months time a 4 cent divie.
So buying now you should receive a minimum of 9 cents fully imputed dives.Nice,well worth taking advantage of.
I can only share what works and does not work for me.
A great number of people invest differently than me.You just have to work out works for you and stick to that system.
I note a large number of people plant their vegetable garden by moon cycles.Perhaps investing in the share market using moon cycles may be worth you investigating....lol.
Agree Snow Leopard. Wish I could pick them like that. Having said that, I'm pleased with my largely buy and hold in this one since it the ticker before HNZ (BSH from memory) with several additions. Only sold once when it went over $ 2.00 but have restored my previous holding and no intention of selling any of them anytime soon.
Been a shareholder since the days of the CBS/SouthernCross takeover.
Have kept my original shares and added at 47c,87c,134c,and 165c.Have now sold all other purchases but not the originals.
Reasonably pleased with the direction they are going.Only disappointment for me has been that i didn't buy more at 47c but then i am just to conservative.
My guesses as the the final and interim divies are best described as "uneducated."
Will the increase the divies,or will they keep them at the same level, to keep their equity ratios increasing?
Don't know,and will accept either.!
Is the share price drop due to an equity raise ? Does anybody know,it was just after an announcement about bank ratios from one of the AU banks it started to drop. Have alot and holding looking to buy more.
Before the last interim result,HGH's share price fell, as the market felt HGH would need to raise more capital.
CEO Jeff Greenslade's comments, that shareholders taking up DRP alone would be enough to bring HGH's equity ratio to the Reserve Bank's required % for HBL, should be kept in mind,as to the fact they have raised extra funds via bonds etc in Australia to fund the growth of Australian RELs.
The very strong growth HGH are achieving, will mean at some stage they will require more capital.Whether that is sooner or later I do not know.
I believe HGH's REL Australian TV advertising has started.Maybe a bit too early for them to comment on the results, although I would think the results would be instantaneous..
Not good..
https://www.youtube.com/watch?v=-ql70aiPdWU
Disc. Holding.
This might sound strange but this could be classified as good news for HBLs reverse mortgages or am i looking at this from the wrong angle.
Agreed.
Neither the old chap,or the solo mum would have qualified for a REL loan.
Both were very unwise.The old chap for taking out a mortgage at his age,and the young solo mum keeping the house she could not afford.No.1 daughter was in the same situation after her marriage break up.I was more than surprised at the amount of money a bank was prepared to lend her.I told her straight she would not be able to afford any mortgage on her single income.Fortunately, the wife and I were in a position to pay out her ex, and pay off her existing mortgage.
An elderly person taking out a REL can only borrow certain % of their house's value depending on their age.
There is no requirement for them to make any repayments, until they either sell the house,or they die..
I think you have a point Percy that the market may be wary of a posible capital raise, hence the easing in SP. I would look at a capital raise as further proof the REL´s are going gangbusters and would happily take part. But I don´t expect it just yet.
Meanwhile I would like them to keep divies at same level, not increase them. In fact I´d like them to reduce divies but accept Mr Market may not like that so probably not the best move.
Full year results announce next week, Friday 15th. With HGH trading around its 200MA, that's saying market is 'unsure' how the year has panned out. Uncertain macroeconomics probably not helping lately either, but notwithstanding that I'm expecting a very positive result, particularly interested in the Oz REL's performance, and being on the DRP I hope for a nice payout to grow my holdings.
Being Ex Royal Navy... All that I can add to the conversation this late in the game is.....
Steady Boy's... Steady.....
Disc. Holding " STILL "...
Hoping for the SP to go lower, so that the DRP is worth that much more.
Boring I know... But profitable.. Aye perc ?.
We should be getting some results today...... anytime soon??
The Heartland website says 4:02pm.
Full year profit $73.6m $0.065cps div https://shareholders.heartland.co.nz.../announcements
All honky dory
Everything going to plan
https://yourir.info/resources/3c731e29233aab51/announcements/hgh.nzx/339194/3/HGH_Heartland_announces_full_year_profit_of_$73.6_ million.pdf
Big increase in the final divie is a very pleasant surprise.
Bloody amazing result ....no, truly amazing really
Well done Jeff and his team
Won’t mention that inclusiveness and diversity really does produce superior results....leave that for another day
EPS up from 12.4 cps to 12.9 cps, up just 4%.
Outlook mid point is $78.5m which on 569.3m shares (will be slightly more due to dividend reinvestment scheme effect) gives about 13.8 cps. Probably 13.6-13.7 cps after new shares issued under the DRIP.
$1.60 / 0.136 = forward PE of 11.7.
I'd call this a very average result. I'm holding but will not be confusing sentiment with the real facts as reported or the pervasive sentiment regarding the macro economic outlook. Dividend increase is the best aspect to this result. Shares probably fairly priced in my opinion considering the storm clouds of a global economic slowdown are so clearly evident.