Is the share price drop due to an equity raise ? Does anybody know,it was just after an announcement about bank ratios from one of the AU banks it started to drop. Have alot and holding looking to buy more.
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Is the share price drop due to an equity raise ? Does anybody know,it was just after an announcement about bank ratios from one of the AU banks it started to drop. Have alot and holding looking to buy more.
Before the last interim result,HGH's share price fell, as the market felt HGH would need to raise more capital.
CEO Jeff Greenslade's comments, that shareholders taking up DRP alone would be enough to bring HGH's equity ratio to the Reserve Bank's required % for HBL, should be kept in mind,as to the fact they have raised extra funds via bonds etc in Australia to fund the growth of Australian RELs.
The very strong growth HGH are achieving, will mean at some stage they will require more capital.Whether that is sooner or later I do not know.
I believe HGH's REL Australian TV advertising has started.Maybe a bit too early for them to comment on the results, although I would think the results would be instantaneous..
Not good..
https://www.youtube.com/watch?v=-ql70aiPdWU
Disc. Holding.
This might sound strange but this could be classified as good news for HBLs reverse mortgages or am i looking at this from the wrong angle.
Agreed.
Neither the old chap,or the solo mum would have qualified for a REL loan.
Both were very unwise.The old chap for taking out a mortgage at his age,and the young solo mum keeping the house she could not afford.No.1 daughter was in the same situation after her marriage break up.I was more than surprised at the amount of money a bank was prepared to lend her.I told her straight she would not be able to afford any mortgage on her single income.Fortunately, the wife and I were in a position to pay out her ex, and pay off her existing mortgage.
An elderly person taking out a REL can only borrow certain % of their house's value depending on their age.
There is no requirement for them to make any repayments, until they either sell the house,or they die..
I think you have a point Percy that the market may be wary of a posible capital raise, hence the easing in SP. I would look at a capital raise as further proof the RELīs are going gangbusters and would happily take part. But I donīt expect it just yet.
Meanwhile I would like them to keep divies at same level, not increase them. In fact Iīd like them to reduce divies but accept Mr Market may not like that so probably not the best move.
Full year results announce next week, Friday 15th. With HGH trading around its 200MA, that's saying market is 'unsure' how the year has panned out. Uncertain macroeconomics probably not helping lately either, but notwithstanding that I'm expecting a very positive result, particularly interested in the Oz REL's performance, and being on the DRP I hope for a nice payout to grow my holdings.
Being Ex Royal Navy... All that I can add to the conversation this late in the game is.....
Steady Boy's... Steady.....
Disc. Holding " STILL "...
Hoping for the SP to go lower, so that the DRP is worth that much more.
Boring I know... But profitable.. Aye perc ?.
We should be getting some results today...... anytime soon??