perc..
Please do not be so Cocksure..
May I quote Robbie Burns and his Af gang astray .. ( not good at Gaelic )..
Quite happy to just sit and be well positioned :-))
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perc..
Please do not be so Cocksure..
May I quote Robbie Burns and his Af gang astray .. ( not good at Gaelic )..
Quite happy to just sit and be well positioned :-))
Good old Uncle Percy gives great advice on how to be well positioned. His positioning advice worked a real treat for me at the ASM :)
You two make a great duet. You sing in perfect harmoney.
Are we going to be able to tell from the annual how much they paid for their 10% in Harmoney.
Sounds like their 10% has now been diluted (to about 8.3%) as ~20% has been issued for $10m. Values Heartlands share at just over $4m
Trade me taking the lions share with 15% at $7.7m: http://www.sharechat.co.nz/article/4...-million.html?
Not sure why they are interested (other than it being a growing tech business) and whether there are any synergies for them?
TME growth is very limited, I see an opportunity for them to build it up and incorpoate it into their current model such as they have already with life insurance etc. Win/Win for both Harmoney due to exposure and fro TME. IMO its expensive though, cost them 7.7m for 15%, values Harmoney at almost $52.
Harmoney have annouced they also took part in the round to maintain their 10% holding.
From this announcement HNZ has increased their investment in Harmoney to maintain 10% holding, HNZ "Following the capital raise, Heartland will have invested approximately $3.5m in Harmoney which mean "current implied value of Heartland’s investment in Harmoney is in excess of $5.0m".
"Based on the investment made by Trade Me, the current implied value of Heartland’s investment in Harmoney is in excess of $5.0m. Following the capital raise, Heartland will have invested approximately $3.5m in Harmoney"
5.2m actually.
So there's a 1.7m paper profit - I wonder if HNZ will bring this to account?
Now that I own Harmoney I thought I had better support it. Placed first $500 test investments yesterday. Ridiculously easy to set up and a nice easy interface to allow you to assess the loans. Disturbingly like paying a game actually. It would be quite easy to get absorbed in the numbers and forget that you are committing real money that will be out in the market for 36 to 60 months.
Feels nice to add a slightly different income (hopefully) stream to the work, share and property pile. Will just build this up slowly as results allow.
Disc: happy HNZ holder and DRP receiver....
RBNZ Reduces Regulatory Capital Requirements for Heartland
https://www.nzx.com/companies/HNZ/announcements/259739
This can only be seen as positive. Allows the company to consider acquisitions/buybacks/special dividends without having to raise capital.
However, that does not seem to be the intention from management...
"Although Heartland Bank holds capital in excess of regulatory minimums, there is no current intention to reduce the amount of capital held at the bank level."