I agree, Harmoney is and will continue to be a very valuable (and profitable) asset of HNZ's
Valuable because of whatever the market 'values' Harmoney at at any point in time OR because of the significant amount of loans they make through the platform (a de facto shop front) ....or both?
What you think?
”When investors are euphoric, they are incapable of recognising euphoria itself “
Heartland once said the difference between heartland total profit and Heartland Bank profit was the HER business (Quarterly Heartland Bank disclosures)
If that is the case than HER profitability has been $1.5m in Q1 (LY $1.2m)
The again they said they might 'migrate' some HER business into Heartland Bank. HER profits might be a bit more?
Whatever probably contributing the best part of $8m/$9m to HNZ earnings
”When investors are euphoric, they are incapable of recognising euphoria itself “
Heartland once said the difference between heartland total profit and Heartland Bank profit was the HER business (Quarterly Heartland Bank disclosures)
If that is the case than HER profitability has been $1.5m in Q1 (LY $1.2m)
The again they said they might 'migrate' some HER business into Heartland Bank. HER profits might be a bit more?
Whatever probably contributing the best part of $8m/$9m to HNZ earnings
You would hope that $8m/$9m HER earnings is the bare minimum
After all they did pay $89m for the business 18 months ago and it was going to be EPS accretive eh
”When investors are euphoric, they are incapable of recognising euphoria itself “
Sorry ,change of subject.Hey a great plug on National Radio for reverse mortgages today by Mary Holm saying she would prob take one out when she is 85(she plans a long life), and mentioned Heartland selling them.
Heartland growth plans; grow rural book albeit at slower growth than last year.
This then is bit of good news - Rabobank senses an improvement in farmer sentiment based largely on perceptions of an impending lift in dairy prices to a sustainable level
Heartland says "Key drivers of growth for Heartland are GDP and employment
More very good news today on that front -
@ANZ_cambagrie: ANZ Truckometer Heavy Traffic Index up 0.7% in Nov, third increase in a row. Suggests solid Q3 GDP growth and potentially an even better Q4.
FY16 earnings heading $60m - guidance of $51m to $55m rubbish
Last edited by winner69; 08-12-2015 at 12:46 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Hey a great plug on National Radio for reverse mortgages today by Mary Holm saying she would prob take one out when she is 85(she plans a long life), and mentioned Heartland selling them.
I think thats an interesting thing. Mary Holm is a columnist in the NZ Herald and has a website "your guide to safe and savvy investing"; also on RadioNZ for one. She is followed by many. It shows to me that Reverse mortgages are slowly being accepted in our society and that the negative turn off connotations are waning; they have their place and will become a "norm" for many ;esp those with Houses that have apprec iated so much.
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