Not sure how far down this peak thou?
But the climb of the next peak is going to be even higher than the last one!
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Seems Jenny Ruth not that all impressed with Heartland’s disclosure around its relationship / dealings with Harmoney
https://businessdesk.co.nz/article/o...-ended-in-2020
Prob paywalled
article is about heartland not disclosing it wasn't still providing new funds for new lending through HMY, and their lending through them is in run off, which jarden noted in a research report a few days ago. probably fair, as HGH never came out and said they weren't successful in providing new warehouse facilities to HMY (as was their stated goal) as part of the later's transition away from p2p lending. While heartland never came out and said it in a AR or presso, they did pretty much disclose it during analyst calls, and investors were free to easily infer it from HGH's numbers. My posts #15442 & #15510 said as much well before the jarden report dropped 2 days ago. Pleased the p2p being closed off. It will be interesting if HGH ever look to provide a warehouse facility to HMY in the future, though I doubt it, given the new NZ warehouse went to a big 4 competitor, and if there was one HGH was ever going to provide, it was that one.
but boy, that jarden report was fantastic. was one of the better research reports I've read in some time. and did a very good job at illustrating that those who continue to softly rib over dairy prices are looking at completely the wrong area if they want to find emerging risk in heartland's portfolio. While jarden don't say it I see that one wee area has emerged, but as a whole, the aggregate credit mix of receivables has & continues to improve.
Any links to the report fm or is it jarden paywalled? Thanks
[QUOTE While jarden don't say it I see that one wee area has emerged, but as a whole, the aggregate credit mix of receivables has & continues to improve.[/QUOTE]
Spell it out, what that one wee area, thanks
its a big endorsement for HMY that a big 4 is willing to price HGH out of that space to take the warehouse facility.
All good for HGH- they will benefit as a 8.4% shareholder of HMY
That Extensive Shareholding List is a load of crap. Hope the data scientists didn't produce it lol
The 8,518,864 was the number Heartland had at IPO ... bought more last year .... remember
http://nzx-prod-s7fsd7f98s.s3-websit...261/349855.pdf
W69 ...why punters are not getting excited about the forthcoming results and big dividend ?
Anything sinister on the cards ?
Very steady supply keeps coming around $ 2.10 ...not letting it cross
Enlighten us please
No surprises about profit - it'll be headlined around that $96m but there could be some 'normalising but don't worry about that. And no doubt an increased dividend (bad)
I think Heartland share price is fairly valued at the moment - even though some might say more than fairly valued. Price Book chart below (with estimated BV for June). Over the last year P/B ratios have declined so bear that in mind
Amazing what popular in the brokers picks thing did to the share price in Dec/Jan eh - never really was worth that 260 was it.
So come announcement maybe a bit of enthusiasm ... should pop by what the divie is but will drift back to 210/220 again (if we're lucky)
What do you reckon will happen
Thanks for your very valuable insights ...U r the expert of HGH imo so I think what u say will happen
If the next year guidance is around 105 Mil then we may get some small pop till 2.30 maybe before going ex !!
But with difficult trading conditions on horizon ...I dont think they will stick their neck out that long ...lol
Pretty impressive chart below
Maybe Jeff extends the line for another year and says 'hey guys, that's our guidance for next year'
If that's the case F23 guidance will be $102m ...... but any capital raise would stuff that up
Jack Welch at GE was the master of earnings smoothing ...... quarter after quarter after quarter - never any boom quarters nor any bad quarters, just nice smoothed earnings. Maybe Jack is Jeff's hero
All turned to custard when Jack left but a fascinating study
DATA TABLE FOR PERFORMANCE RATIOS
https://bankdashboard.rbnz.govt.nz/profitability