Way better than Bitcoin. You could include a link to HMY and drum us up some business.
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Way better than Bitcoin. You could include a link to HMY and drum us up some business.
https://www.nzx.com/announcements/389893
Looks interesting.
Yes, best word to describe is definitely- interesting!
Paying 13x earnings
This is a good way for HGH to get into asset finance in Aus. Provide cashflow lending to the farmer for their stock then fund the tractor and ute once they get the profile and payment history going
This excellent GARP stock can continue on its run for another decade by expanding in Aus
https://www.nzx.com/announcements/389893
Heartland to acquire livestock business in Australia
Minnow Alfred (ALF) are in the game of financing moomoos & sheeps too - aren't they ? ;)
I am sure you meant it has many decades of growth ahead of it. Yes that's an interesting acquisition and gives them a foothold for expansion with rural lending in Australia. HGH itself has a current year PE of 14.0 (eps of 16 cps forecast) and when one considers the steady growth and excellent net interest margins they enjoy as well as strong growth from reverse equity mortgages this looks like a compelling hold and is indeed a fine example of a classic GARP stock (Growth at a reasonable price).
Wonder if HGH have thoughts on taking out ALF ? ;)
just as well this Stockco only lends to asset rich farmers and don't get involved in the riff raff that we hear about that are driven off their farms in tough times by those distardly big Aussie banks
Did OK buying PGG Wrightson Finance 10 years ago
Interesting latest move
Say $12m extra profit = 2 cents per share
Should add 25 cents or more to share price in due course