Reckon i’ll Be OK ...back to 460 by days end
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Reckon i’ll Be OK ...back to 460 by days end
Couts ...did you buy my shares?
I think retail in NZ is going to go through a tough period for rest of the year and I wouldn’t entirely rely on Aussie to pull HLG through.
https://www.msn.com/en-nz/news/natio...cid=spartandhp
Looks like we're in for a real winter this year...so winter stock should be flying out the doors.
Weakening NZ$ against US$ will affect HLG's margins.
Seem to remember last weakness Noodles worked out it would cost HLG $10mil.
His comments would be interesting now.
More a case of $US strength. $US index is very high. I think management will be working hard to mitigate this.
Interesting to revisit a stock one month later.
Upon retesting the 50 SMA twice HLG was unable to close back above it, which would have been another opportunity (signal) to sell.
Now that the $4.45 support is broken the stock could fall to next support levels at $4.30 and $4.00. It seems that the market is just repeating last year's 'Winter' sentiment which caused the price to slide 20% after going ex-div.
I would like to see the $4.00 support hold (20% from this years cum-div price)
Attachment 9695