Half Year - First Impressions
https://www.nzx.com/companies/HLG/announcements/299042
Result at the top end of previous guidance $9.185m, previous guidance $9.0 - $9.2m
Fully imputed dividend of 14.5 cps, (I was only expecting 13.5 cps)
EPS exceeded dividend.
E Commerce growing strongly
Carefully measured expansion and refurbishment of stores in Australia
Good to see Glassons Australia back into profit - Lower current cross rate will help with conversion of future profits
Current winter trading 7 weeks, up 5% slightly slower sales growth than experienced in the first half.
Financials are easy to read and a pleasure to read because its such a simple well run business
Very happy to hold as an excellent dividend yield stock. (31 / 338) / 0.72 Gross dividend yield = 12.74%.
Company has a very long and highly credible history of being a very high dividend payer.
I will definitely be including this company in my Mum's investment portfolio.