Another star to raise!! Fund from ARV will also go to HGH!
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Another star to raise!! Fund from ARV will also go to HGH!
3.4m traded so far today. Last trade @ $1.07. Little depth on the sell side. Looking strong :)
Saw this on Bloomberg Asia - should (already) be good for HGH...
Retirement Cash
The number of Australians tapping a reverse mortgage-style product to help fund retirement is up almost 40% in the past year as calls increase for retirees to monetize the A$1.3 trillion ($870 billion) they have tied up in property. The nation’s Home Equity Access Scheme was used by more than 13,000 people in the year to June. Under the program, people who have reached the pension age of 67 can borrow against the equity in their property and take out a government loan. Those loans are generally recovered when the secured property is sold or from the person’s estate.
This article references the Australian government annuity scheme. For a slice of your house you can supplement your retirement income. It is interesting that the number of people making use of this product has risen by 40% in the last year. Yet I have to ask 40% up from 'what figure'?
You cannot draw a significant lump sum from this government scheme, which is where Heartland and their reverse mortgages comes in. I think the Heartland and Government products are more complimentary than competitive.
SNOOPY
Another green I reconk today....SP will get to $1.20 and Hoover around that mark before the result.
So much 💰💰💰 coming from Arvida and WHS that need a new place to put
Yeah, you are right. It may be that ACC tries to block the way uptrend. When they did this in Feb, at that time, everyone knew high mortgage pain last till end of the year or early of next year, that was a clever short term trading. However, now all media, people and commercial banks put huge pressure on RBNZ to lower OCR, situation may change. Four big banks started lower mortgage rate rapidly, all data implies the CPI has been dropped better than expected, and we just wait for RBNZ Aug MPS, the toner may change. If ACC is still doing this now, that would be very shortsighted. In the long run, HGH is a seriously undervalued company, I would not be surprised if it becomes a takeover target.