HGH - Heartland Group Holdings

[bull....]

they do get investments wrong. the main dude said in nov last yr nvidia not really worth us owning

[ronaldson]

Given the SPH Notices discloses a current holding of 46.8m shares we can't know it all, but since 21 February this year they have purchased 34m shares at an average $1.05 and sold 2.5m at an average of $1.11 for a net gain of around 31.5m shares at, say, $1.045ish.

That is (as usual for ACC) good trading, although more recently the share price has tanked below that acquisition cost. I wonder at what effective price they are now holding their whole 5% stake? Regardless, it does seem a good sign that they have reached the disclosure threshold and are on the Register. Similarly, for ACC to sell now would definitely show a lack of confidence.

Need to wait now to see how the 30 June Financial Statements are, when available. That is a short timeframe post the Challenger settlement but the quantum of provisioning for MV lending losses will be interesting as a guide to how it is out there.

[Snoopy]

they do get investments wrong. the main dude said in nov last yr nvidia not really worth us owning

You can't make wild judgements like that with no back up. You have to supply at least one example of where the ACC got their investments wrong......

SNOOPY

[Valuegrowth]

ACC has been buying up big

They can keep it for the long run. Once buying drying up stock prices may come down to around 0.90. Besides there's an uncertainty in the financial sector. If unemployment rate rise savings will drop further. Demand for assets also will drop. Outlook for global banking sector is not that good given the mountain of debt levels and all-time high asset prices.

[stoploss]

You can't make wild judgements like that with no back up. You have to supply at least one example of where the ACC got their investments wrong......

SNOOPY

Pike River didn't go well ...
https://www.parliament.nz/en/documen...31121_00000003

[Jaa]

Is raising long term debt at 8.1% in Australia good?

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to
announce that its subsidiary Heartland Bank Australia Limited (Heartland Bank
Australia) (BBB Outlook: Stable, Fitch Ratings) successfully completed an
inaugural A$50 million Tier 2 Subordinated Note transaction (Subordinated
Notes) on Friday 28 June 2024, arranged with the assistance of Westpac
Banking Corporation.

The 10-year non-call 5-year Subordinated Notes qualify as Tier 2 Capital
under the Australian Prudential Regulation Authority's capital adequacy
framework for authorised deposit-taking institutions (ADIs), and were priced
at 370 basis points over the 3-month Bank Bill Swap Rate.

[Snow Leopard]

Is raising long term debt at 8.1% in Australia good?

The likes of CBA,ANZ have been getting away with around BBSW+2.85% on their most recent offerings.

So I guess 3.70% is not bad for a minnow.

[ronaldson]

Trading in this share is pretty flat, with no momentum to break the $1 ceiling that has prevailed for a while now. We seem to be in a holding pattern, albeit with good volume, pending the next news announcement, likely the 30 June results.

Could go either way at that point judging by the current pattern? I think the upside potential must be greater from the current level but there is a lot of stress out there, including in Australia.

[ronaldson]

Back to $1 today for the first time in a while after a bit of a clean out of depth on the sell side.

[Valuegrowth]

Back to $1 today for the first time in a while after a bit of a clean out of depth on the sell side.

On a high Volume.