heartland doing really well; used to be parity with OCA not any more!!
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Just out of curiosity I compared the two and was quite surprised by the correlation between their share prices.Attachment 12718
Speaking of unusual correlations, perhaps also a little surprisingly, I hold the same number of shares in each company.
But wait...there's more !!
Overall performance of HLG and WHS has' been very similar over the last 3 years too
Attachment 12719 and in yet another spooky coincidence I have about the same value invested in WHS and HLG.
I guess at some point I either fluked it or put quite a bit of thought and structure into the composition of my portfolio...not sure which it was lol.
Hope nobody asks me which of these four will perform best in the year ahead because its hard to pick the best when they all have very good prospects.
..........
Heartland increasing their holding in Harmoney
http://nzx-prod-s7fsd7f98s.s3-websit...217/349808.pdf
see value ....or a bit of financial engineering
.............
"Following a series of discrete trades on market through the ASX beginning on 25 June 2021 and ending on 6 July 2021..."
Share price of Harmoney was up a whopping 10% on 30 June 2021. Yeah, that's really discrete lol
"Can't wait" to read in Te Reo in their annual review how this new expanded investment in fintech digital reengineering was strategically timed.
I always thought one of the big 4 banks would be the one to buy HMY after 5 years. Maybe Heartland want them all for themselves.
They could be Australia's largest reverse mortgage lender as well as the largest personal lender.
Not in the foreseeable future but never say never W69. The engine scoring and approving a personal loan application would be very similar to that needed for approving a car loan. That's what any bank would be buying.
Granted, Heartland have their own in NZ but nothing in Aussie (if they wanted to enter that market).
Whats the reasoning behind this?
...and that 10% applies to the whole holding eh
But still facing quite a hit on the P&L at June because at half year HMY shares were still over $3
I sense a 'normalised' profit being reported
They might be able to change their accounting methodology and treat movements in such 'investments' through Other Comprehensive income
Market is always forward looking so its neat how they will tell us what FY22's profit will be when they report next month. Their predicative ability is very cool.
Heart always skips a beat when I see 5pm Friday announcements come through. But this one's a positive with another $45m MTN issue.
https://www.nzx.com/announcements/375432
Added some more today on the late afternoon dip.
HGH near the top of the losers board …..down 2.4% ….almost as bad as BLT
Things like this aren’t meant to happen
Good day for HGH after picking up some very cheap HMY shares recently :)