And (on behalf of us owners) Kia Tupato!
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Thanks for sharing RTM. FWIW I'm leaving the overseas stuff to Barramundi and Marlin with the aim to get much greater diversification, spend less time on share analysis and more time enjoying my PIE dividends and chasing kingfish...the ones with tails :), although I have Kingfish shares too. Topped up a little on HGH, now 4% of my portfolio, happy to let the DRIP take it higher over time.
HGH will be trading ex divie tomorrow.
Divie will be paid on Friday 6th September.
Lovely..6.5c...hopefully....the sp drift down so we can get more shares on drp
Why do I think HGH is up 2.5 cents when Good Returns say;
"HGH fell 2.4% or 4 cents to $1.61 after shedding rights to a 6.5 cent dividend,"..............????????????
Looking good for the DRP....the sp is down....thanks for Trump's tweet
An interesting article in the Herald today, behind the paywall, about the big banks muscling in on Heartlands turf in the "business relationships" sector. SOunds like Heartland has accepted they can not compete, much like they did with mortgages some years ago and now focus instead on "intermediated business", i.e. selling through brokers like they do with the car loans.
Shows once again that Heartland has to keep permanently agile and quick off the mark in response to the big banks and come up with new solutions.
This has been working in HGH's favour for sometime now.HGH getting out of large "business relationship" lending, and replacing them with a lot of smaller loans.This works two ways for HGH,reduces risks, and increases margins.HGH "Open 4 business" is growing very fast too.
HGH always avoid going into the big banks' sectors.We have seen them reduce large rural mortgages lending,and recycling the funds into shorter term, and more profitable livestock lending.
Absolutely right Percy. Been going on for 18 months or so and Heartland has reacted positively. Good that the loans being written instead are smaller and more widely spread, $100k or so on average, but using intermediaries makes them a bit more expensive to write. But on last numbers we are still with a very healthy NIM.
Sea Dragon.I note Mark Stewart's company Ziwi Peak, won some big export award recently.At least that business is going gangbusters for him.
Now try following this.
SEA's market cap today is what PAZ's was a few years ago,and
PAZ's market cap today is what SEA's was a few years ago.................................lol.
From this week's taking stock on www.chrislee.co.nz
"HGH shareholders will be quietly enjoying growing profits,growing dividends,and growing confidence in the direction the company is committing to."
Can they/ do they short heartland....just noticed some big buy/sell orders last few days .late in the day...seems to keep price in the$ 1.58 range.....I see last 5 days used for drp average but would they manipulate that......will sink a few bourbons while I wait for reply...no hurry lol
Pretty good month for HGH. Doesn't feel like it but I checked and they're down 3.5% for the month, (up 0.5% counting the 6.5 cent fully imputed dividend they shed).
This compares to the NZX50 down 3% for the month and according to CNBC this morning the financials as a sector in the US down 12% in August.
Moral of the story, when it feels like you're on a road to nowhere check the landscape around you to see how you're really travelling relative to other alternatives.
Nothing wrong with 8.8% fully imputed gross yield especially as it grows slowly over the years ahead.
https://www.nzx.com/announcements/340177
"Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises that the strike price for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 6 September 2019 is $1.54446002 per share."
I presume that like me you are all disappointed with that 2 millionths of a cent at the end and were hoping for at least 5.
Think it will affect the big end of town the most.