Wow wow wow. That's bloody sublime
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Wow wow wow. That's bloody sublime
So tracking for close to 14m NPAT first half. That's more than the whole year in FY16!!!
Welcome on board properly now mate :)
First half profit looking like more than 50% profit growth compared to the same period last year, itself a 35% profit increase on 2016. Hmmm... I am thinking you need to seriously revise your profit expectations for the year. They're obviously very pleased indeed with how their new Glassons stores are trading in Australia which gives really good encouragement for the future doesn't it ! HUGE opportunity over there for Glassons I reckon...
Emphasis added. I think people who are just seeing HLG as a yield stock are not getting the big picture.Quote:
The quality of our sales across the group has improved as we continue to see growth in full price product as we
focus on fashion, and our customers. Current stock levels are in line with expectations and will allow us to
achieve our goals over the busy Christmas season. And although it is too early to predict the overall season with
our busiest period still to come, I am confident that this season will be a success and as Warren stated, net profit
could be above the prior summer season by over 50%.
Importantly though, everything we are doing is very much about the future. We are changing our business and
ensuring the building blocks are in place that will allow us to grow, and grow consistently across both New
Zealand and Australia.
Thank you.
Mark Goddard Group CEO 13 December 2017
So right.
Say minimum npat of $25m (probably end up more) in F18 - that’s an eps 41 cents
So one would think that share price over $5 in April/May next year is a distinct possibly. Perform even better and $6 on the card.
Even yield focused punters should get excited. They should be thinking 40 cents minimum if not 45 cents dividend. They then should be happy buying in at $5 to $6 to get great yields
No worries.