Come on mate fess up and be honest and add to that statement...and ready to buy on the drip at ~ $3.10 :p
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Nice...shame about the small loss you took on the ones you bought this morning for $3.25 but losing small battles is okay as long as you win the war eh mate :) Don't let some posters negativity get you down. Retailers differ markedly in their ability to turn a buck... or twenty million bucks :)
Not hard to find value:
Resources are still in a clear uptrend - though most resource stocks are admittedly on the ASX (e.g. the biggies BHP, RIO, but there are hundreds of uptrending specialist stocks - e.g. ATC).
There are a number of smaller and less liquid NZ property stocks doing just amazing - e.g. CDI, MCK (mix of property and tourism);
There are obvious stars like THL (tourism) and TNR (car sales / finance / insurance);
Ah yes - and don't forget agriculture (e.g. NZK - and potentially as well SML);
Just from memory - and I could go on for some time, but as a general rule - you find better value in the stocks less people talk about - have a look at the quieter threads around this forum and do some research into these stocks. The threads with lots of up rampers might produce short - or midterm nice spikes (great for traders), but as soon as everybody starts to praise a particular stock, than even good stocks quickly turn too dear.
If you just frequent the upramper threads, than yes, you will see me more often bearish (and rarely without a good reason).
Obviously - just some examples and no recommendation. DYOR;
Discl: Hold most of above (actually - all but RIO);
Happy research & investing;
The reasons I brought HLG remain the same.
Therefore no reason to sell on no news.
From the agm we know they are trading well.Clothing retail sales have been strong over the Christmas period.
I look forward to Friday's update with confidence.
Im hearing, generally that women are migrating to the online sales for Glassons well,whereas guys still tend to come in to shop ; but that location in the newer malls ; shopping centres ,where the greater foot traffic is ;is performing way higher than the older downtown area shops ;has been good business wise. But couldn't get an idea re comparing with last year from my source. How many downtown locations that will move i don't know either but that will provide some upside down the track..
Enough of the experiments, prediction for tomorrow... Good results...13c div...2c special div. payed on second week of April ;).
I could have saved you the brokerage and told you that for free mate :p
They did well to pay a 16.5 cent final in December considering the modest result last year so the coffers won't stand up to a special. 13.5 cent divvy as per last year but that won't be declared tomorrow, have to wait for the actual half year result to be declared in late March for that. My prediction for the first half forecast update due tomorrow, sales up an average of 8% across the board, profit guidance for the first half of $9-$10m up from $6.82m in IH FY16. No profit guidance for the full year.
Still a difficult sector for some out there ........
http://www.nzherald.co.nz/business/n...ectid=11793144
I'm with you on this one Roger, I'm predicting guidance of at least 8.5 million for the first half (especially considering this includes Xmas sales)
Most interesting for me will be the performance of Glasson's Australia. This has the biggest opportunity for future growth in my view.
On the other hand good retailers are doing very well http://www.msn.com/en-nz/money/busin...cid=spartandhp
So.. what are we thinking.. announcement at 4:58?
;)
Looks very good...sales up 11% over December and up 9.4% for the half. NPAT c. $9-9.2 and although no dividend guidance my guess is 15 cps based on previous years relative to profit.
Should see the buyers come out today...
BINGO.!!
Full house!!
Sales up.!!
Margins up.
Nett profit up.
Can't ask for more.
All is looking good. Hope full year is just as good:)
That's a fantastic annoucement. Clean clear and crisp.
Sales up over the Xmas period too. They've really turned it around this year. Well done all. A bit disappointed I sold some at 3.34!!! :)
Must say I am impressed with their accounting systems that they believe they can forecast profit that accurately so soon after the end of the first half. This is a company being run and managed extremely well in my opinion. Sector leading stock turn speaks for itself too.
I'm happy to pat myself on the back with my forecast. Got NPAT pretty much bang on - was slightly optimistic on GM at 58.5% v 58.2% actual but sales at 9.4% slightly higher than my 8-9% forecast. Am pretty sure they'll pay 15cps dividend as npat is going to be 15.1-15.4cps and they pay out c. 100% historically...
Need to give my eps expectation of 35 cents and best case scenario of 40 cents a miss - thats just being outrageously optimistic
At best methinks F17 eps will be 30/31 cents
Better than last year and will preserve that 30 cent divie so not a disaster.
Don't think F18 will be much better either.
Hope my mate Jared is wrong when he says '"Stocks that stop going up on good news are a sell."
HLG share price better get a move along ...or else
I think our friends have been playing with this share today.
I thought Hallensteins had done a great job on the Sylvia Park refurb but I didn't know it was this pleasing for some :scared:
https://www.newshub.co.nz/home/new-z...ange-room.html
Most probably an All White, rather than an All Black.?
I think so Percy!
Hallensteins is getting quite a lot of coverage from this lol. The newshub post had well over 1000 posts - they've now deleted the article and post!
Here's the stuff article for those that want a read
http://i.stuff.co.nz/auckland/891720...-changing-room
Good news and price stopped going up
Jared says 'Stocks that stop going up on good news are a sell.'
Maybe take the dividend now and see what happens when announced
This will help you keep your finger off the buy / sell button mate. No eating while we sleep our way through to the next big feed...looks silly doesn't it.
https://www.youtube.com/watch?v=N26JH4xxkAs
Electronic card spend for January surprised on the upside sending bank commentators into raptures as to how strong is at the moment
But Apparel sector only up a miserable 1% over last year
Bubble deflating for HLG in NZ
Share price not pushing on after good news is it?
What did Jared say again
People are still cautious about what the future holds for Hallensteins so I don't think this will rocket ahead in the short term.
It's as steady as she goes at the moment and I'm sure this will be a round $3.50 closer to the dividend. I can't see this going much beyond that though this year. At the end of the day this is an excellent dividend stock that's had a very good run of late. Let's not get too greedy :)
Plenty of people out spending on their cards in January. Colder weather equals more spending in the malls :)
http://www.scoop.co.nz/stories/BU170...+February+2017
Glad I took Jared's advice
Already collected my dividend
Happy to hold. Should provide consistent ~ 30 cps fully imputed dividends for many years to come just as it has over many years to date. (30 / 327) / 0.72 = 12.74% gross div yield.
Does anyone know of particular reason(s) they dont have a DRP?
https://www.nzx.com/companies/HLG/announcements/297214
Director buying 90,000 shares on market...good sign :)
Disc : Sleeping beside the dog food bowl.
All the hot money must be gone, nobody has said anything for a while and I had to go back 4 pages on this site to mine this thread out.
Just the serious dividend hounds left who enjoy (30 / 331) / 0.72 (a well proven over many years) gross dividend yield of 12.6% with the next feed only just over a month away.
Disc: Still sleeping by the food bowl
Interesting to compare the performance of HLG SP with the NZX50.
Attachment 8730
Does that chart include dividends? The NZX50 does I think..
No it doesn't include dividends for specific stocks so any comparison between a high yield stock and the NZX50 gross index which includes dividends can give quite a disingenuous view.
As Winner quite rightly suggests, over the last six months shareholders have enjoyed a great run from around $2.70 up to $3.30 plus a 16.5 cent fully imputed divvy in December and next month will enjoy another circa 14 cps fully imputed dividend. Meaty feeds by any hungry dog's yardstick :D
NZD:USD going sub 70 could be a worry for businesses like HLG later in year
.....but if karlos get's his way the numbers out of Australia will look better
Electronic Card Spend stats for Feb month showed apparel DOWN 3.3% on feb last year ......
........and NZD now US 68 cents something.
Was Jared has a point when when stocks stop going up on good news (the last announcement) its time to sell
Maybe the golden weather (stock wise) has come to an end and its tougher times ahead for HLG
HLG has paid a fairly consistent and enviable annual total dividend of 30 cps over the last five years through a variety of exchange rates. One months retail stat's doesn't mean much in the longer term scheme of things especially when it was a very wet February. Gross dividend yield at $3.31 including imputation credits = 12.6% and there's a dividend of approx. 13.5 cents fully imputed due next month.
Scamper posted that 10 years ago, not sure if he is still around.
The data is available on the ANZ securities web site in the depth data
Not just 1 month - trend series over the last few months has been weakening
My conclusion for what it's worth is that market environment isn't as robust as last year and we should expect to see (much) lower growth in H2 than H1 for HLG - even if Di is weaving her magic and doing wonders for Glassons.
Won't affect this years dividends but no way increased dives next year
Last announcement said group sales $122.9 million, an increase of 9.4% over the prior corresponding period and that Gross margin saw an increase of 1.4 percentage points above the same period last year and that Group profit after tax is projected to be in the range of $9.0 to $9.2 million
Filling in the gaps it appears as if expenses were up heaps as well - it's costing them a lot to achieve that growth. My earlier forecasts allowed for lower expenses, ie more efficiencies/ productivity (doing more with what you got)
Be interesting what comments they make when they come clean with the full numbers.
I reckon eps will be less than 30 cents a share his year
Jeez cricket boring and even the Auckland Cup races were called off. Many frustrated punters today
I've been looking hard at HLG - it's a stock I'd like to own but never have. My current "yes, but" is the divvy payout ratio - it appears that in the last two financial years HLG has paid more in dividends than it has earned in profits. It seems that they don't have a current need for additional capital but sooner or later either dividends will need to reduce or/and a capital raising will be required. Or am I missing something here?
Let me give you a clue. Have a look at the depreciation figure in the financial statements. Depreciation is a non cash item.
There is no need for further capital and the company appears well capable of continuing to pay 30 cps per annum in fully imputed dividends for the foreseeable future
Disc: Sleeping by the dividend food bowl.
Their cash position has deteriorated to the tune of $3M5 a year average over the last 6 years and dividends paid have exceeded profit by $1M5 a year average in that same time-frame [and spending on PP&E has exceeded D&A].
At FY16 they had $14M in the bank and no borrowings.
They also had plenty of imputation credits.
So in theory they can carry on for a few years yet and then get an overdraft to carry on carrying on.
But long term the sustained lift in profits will cover the dividends :p.
Best Wishes
Paper Tiger
Thanks all, for the various replies.
Yes, I'm aware that depreciation is a non-cash expense but I'm more concerned that their cash earnings don't, or at least, haven't covered the divvys in recent times. It's to be hoped that this situation is eventually rectified, as Tiger confidently asserts!
;)
One thing for sure is I see no chance of them increasing the dividend this year relative to last year. They did extremely well to maintain the 16.5 cent dividend in December 16 in my opinion.
Business conditions will need to have stayed robust in early 2017 for them to be maintaining last year's 13.5 cps interim dividend next month. I think they report their half yearly shortly so well know more pretty soon. P.S. on 30 March.
I just made some online purchases with Hallensteins for the first time and I have to say it's a really good experience. Everything is easy and often on sale. I got sent a 40% off coupon and a reminder that it was expiring tonight. Made some inpulse purchases as a result. They're doing really well on that platform, I'm impressed.
Results tomorrow and a nice div likely. I'm expecting a good trading update with the wet summer we have had and director buying 90000 shares at $3.40
What time? I didn't see any announcements on nzx
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.
Results out. Looks good. Div 14.5cps full imps. XD 6 April, Payment 13 April
Isn't this a bit of a worry - While Glassons saw strong sales growth in both countries,Hallenstein Brothers and Storm saw a small decline in sales on the prior corresponding period.
What happens to Group sales when Di's honeymoon is over and her enthusiasm wanes
An excellent result.
I am very impressed by the 35% increase in ecommerce sales.
The increased divie is the icing on the cake.
nicccccccccccceeeeeeeeee
Inventory levels down - best in class (world) stock management HLG have. Most retailers would love to be even half as good.
No non current lia ...lia...debts.
I'm sure they had some last year.
$3.50 open up 4% + nice 14.5 cps div. Nice one!
I'll take that:-)