It certainly looks from the markets reaction today you were right BP ;)
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There has to be a couple more bucks in it at least.....ah well if it goes to custard I’ll be happy with the dividend.
Retail is funny.
Get it right and it goes your way.Fast moving lines means more room for more new stock.No old stock taking up space, and having to be cleared out.Margins are good.
HLG have the momentum.
Retail is sad.
Get it wrong and it turns to custard straight away.
And it can go from right to wrong very quickly.
I agree. HLG could fail and fall off the face of the earth. A watchful eye is needed for growth and for problems on a daily basis.
I wouldn’t be surprised if the price continues to rise after today. It started to go up in the afternoon. After watching the market for the last few days I think the sellers will want more than $5.50, and the buyers will have to pay more.
There were 5 big off market trades today totaling just over half a million dollars on $1.15m turnover.
The price didn't fall and as I expected the buyer, (probably that Australian institution) is happy to mop up those people who were weak holders. I don't think its bye bye to $6 either but time will tell and I'll reserve judgement until we get some commentary around the result and what their plans are for Glassons Australian expansion. Normalised profit adding back charge for storm exit of $1.7m gives ~ $29m for the year. 29 / 59.6 = 48.66 eps. $5.53 / 0.4866 = PE of just 11.4. Kathmandu is on a historical PE of 13.7 and Briscoes about 12.5. HLG is growing considerably faster than either of them. It hasn't fallen and I don't think its going to anytime soon. Prospects for growth in Australia with Glassons at least as good as prospects for growth with Kathmandu and Briscoes in my opinion.
Lower $Kiwi could be a headwind going forward.
Been thinking about things and I think taking into account RBNZ's move yesterday and the weakness of our economy relative to our trading partners there is a real risk of material downside to the currency even from here (about 66 cents U.S.). Great company with excellent prospects that is likely to face material increasing cost pressure with the currency, (albeit mitigated by the fact that a lot of sales are in Australia which doesn't have the currency weakness situation) Its been a great ride from just under $3 about 2 years ago. Today I decided to sell half and have a free ride with the rest.
Beagles ....get spooked by those electronic card spend numbers for July which came out today
Punters spending up big time - just under 5% higher than a year ago
But apparel was 5.8% lower than last year. Three of the last four months there’s been a pretty significant negative number
Look what you’ve done beagle ...there’s a stampede to the exits
Many more to hear your news ....the slide probably will continue Monday
http://www.sharechat.co.nz/article/2...vish-lurchhtml
I reckon the $Kiwi is in real trouble. 60 cents at some stage over the next year would not be a complete surprise in my opinion. Its really the currency that's driven my decision to reduce.