Earning report on 17th Sept...
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Earning report on 17th Sept...
Having fulfilled all his press obligations and had a nice weekend with his family, Monday 21st is the day that Jeff takes a deep dive from top and centre of the Auckland harbour bridge. I am sure that is the event you are thinking of Winner. I can't remember who it was that leaked the details to me, was it Percy, or Beagle?
SNOOPY
People will be surprised on how resilience HGH....the last time was exactly the same... people expecting capital raise..but it did not happen
Heartland used waivers to hold back profit release until Maori language week (Te Wiki o te Reo Māori)
Theyve just secured new funding
They have been working on it for some time.
A great deal for them.
Certainly backs the REL's growth potential.
It is safe to assume the new funders have seen the books of the parent Heartland Group (the listed entity) and are comfortable. Or maybe not - they may have organised themselves first dibs at the AU subsidiary if those super-large undisclosed bad NZ loans are written down further. But in any case this is good news. AU seems to be awash with funders wanting to back non-bank lenders.
Personally I'm expecting it will be a lower dividend than last years and that is fine (I'm with the school of anything is better than nothing).
Heartland will determine dividends (both interim and final) based on its net profit after tax, subject to maintaining a prudent level of capital for its needs. Heartland’s capital needs will vary from time to time, depending on a range of factors (including regulatory and credit rating requirements, general economic conditions, current and expected growth and the mix of business). A key objective is to ensure an appropriate balance between maximising shareholder returns, and protecting the interests of depositors through prudent capital management.
A billion will go a long way
a billion used to be a really big number. :eek2:
Okay so its good but these days there's money awash so would we expect anything less? It hasnt done much to the share price.
But its just par for the course really BAU even.
There will be serious money to be made in REL's over coming decades I reckon. They attract a premium margin cf standard mortgage (not sure why exactly - but I'm not complaining). Ownership equity remains high in all but a few cases and despite longevity increasing lenders risks are low and can be managed comfortably in the odd hiccup. Aussie property market is huge compared to here and for many of those approaching agedness with their super or their govt sponsored annuity aka pension it is a perfect solution.