HLG - Hallenstein Glasson

[Raz]

Are you really sure that was Part of Eligibility for March 2020 C-19 Wages Subsidy or haven't taken time to check ?

It really was in the vain that you are intended to take all mitigating steps to conserve your position, very similar to under a business interruption claim. That in itself is independent from the requirement to say you must use cash reserves prior to utilising the wage subsidy or making a claim. Talk about moving the narrative and intent.

Really the debate in the media has been so weak..just shows few understand or chose to ignore the nature of the business in this circumstance.

Ignore the opportunity cost and additional cost incurred by a business by continuing and maintaining staff under covid...it assisted with the cost of steady state at best...

[nztx]

It really was in the vain that you are intended to take all mitigating steps to conserve your position, very similar to under a business interruption claim. That in itself is independent from the requirement to say you must use cash reserves prior to utilising the wage subsidy or making a claim. Talk about moving the narrative and intent.

Really the debate in the media has been so weak..just shows few understand or chose to ignore the nature of the business in this circumstance.

Ignore the opportunity cost and additional cost incurred by a business by continuing and maintaining staff under covid...it assisted with the cost of steady state at best...

Many may or may not be aware but the stated Govt site T&C for first Covid-19 wage subsidy was changed
for the later ones - with T&C quite different for second (& third subsidy) rounds

Notable aside from reference to utilising resources in later rounds, soletraders found their own
entitlements were then limited to what they usually drew from the business

[nztx]

Beagles are no good at resisting the impulse to bark
Got thinking this morning about the possibility of NZX50 inclusion for HLG in 2021 given the possible takeover of Infratil and the news this morning on ATM (which admittedly looks bad now).
HLG appear to be first cab off the rank if either of these two get taken over and then I know its stating the obvious but there's 48 other companies in the NZX50 that might get taken over too !
Then there's the chances of HLG growing enough for index inclusion of its own volition. Adding the above possibilities together I think there's actually a very strong possibility of NZX50 index inclusion in 2021. Additionally, FA looks very strong as does TA.

Thinking of getting some more for Christmas for ~ 10.5% gross yield next year...HLG the gift you give yourself that keeps on giving back !

"Thinking of getting some more for Christmas for ~ 10.5% gross yield next year...HLG the gift you give yourself that keeps on giving back !"

Likewise here too

[Cyclical]

Was the Subsidy really intended to be applied as follows ? -:

1. Your Company has surplus cash & has been really well run = Stiff Cheese

2. Your Company is on the bones of it's A*se & likely to fall over any day = Congrats - you qualify

Haha. Surprisingly for the socialist lead government of the day, I don't believe they were the stipulations.

Peeps need to remember that at the time, there was widespread panic (as evidenced by the share market crash) and most of us were thinking doom and gloom and it's a fair bet the HLG management were of a similar mindset. Had the wage subsidy not been put up as an incentive to retain jobs (or a disincentive to axe them), who's to say the likes of HLG wouldn't have made decision at the time to slash their workforce and close some stores? If companies like that had, then NZ inc would likely be in a lot worse position than it is now. From a tax payer's perspective, I'd say it was money well spent.

[Dumbarton]

Thanks for the timely dose of positivity. All the best to your mum.

[iceman]

Thanks for the timely dose of positivity. All the best to your mum.

Interesting first post. Welcome to the forum.

[Beagle]

Thanks for the timely dose of positivity. All the best to your mum.

You're welcome and thank you.

[winner69]

Warehouse Group repaying $68m of wage subsidy

Booming sales ...confidence in future they say....and lots of cash ....so paying it back

Good on them

[Beagle]

Warehouse Group repaying $68m of wage subsidy

Booming sales ...confidence in future they say....and lots of cash ....so paying it back

Good on them

Got nothing to do with HLG who have very clearly stated their position which is something you know already and has been debated endlessly on here already.

[Balance]

Warehouse Group repaying $68m of wage subsidy

Booming sales ...confidence in future they say....and lots of cash ....so paying it back

Good on them

And has the government showed any goodwill towards taxpayers by getting Trevor Mallard to repay the $330k (plus more to come) for destroying a person’s life?