Originally Posted by
Snoopy
Jeff put in a good effort answering shareholders written questions, which were intelligently formulated. Australia was a big theme from the shareholder quizzers. The tide of baby boomers retiring is too hard to resist as a business opportunity. Jeff announced that Heartland's securitization facility was now up to a potential total of $1.05billion, which is quite a lift from the $650m maximum headroom at balance date. We were told the board just yesterday on top of this approved the issue of another $A100m of Aussie wholesale bonds, bringing potential funding from that source up to a total of $A150m. Plenty of capital available in the meantime for Australia, but will it last?
Jeff's big push for the future will be in the digital space. Digital in Heartland terms means being flexible and fast. What you will be seeing is a real world manifestation of the quantum theory based Heisenberg Uncertainty Principle. Just when you have located Jeff, blink and he will suddenly vanish, having moved on to the next project.