Did they just go with "reversion to the mean" as their basis for that forecast? Seems totally absurd.
That would assume some sort of competent policy making in the UK and we've seen none of that in the past 2 years.
Printable View
Hard to figure that's for sure. I think ANZ based on their own survey's have taken a fairly dim view on the economic prospects for 2019 as far as N.Z. is concerned.
Like all things time will tell. We are basically at full employment, (theories abound suggesting about 4% of able bodied people simply don't want to work), interest rates from some banks for 2 year money are at 3.99%, a record low I have never seen in 40 years and spring is here in full force. I think people will be out spending again because that's what they do when the weather improves and summer is coming so I think HLG are good buying at the current price trading cum a 24 cent fully imputed dividend next month.
One less competitor for HLG in Aussie.
https://www.abc.net.au/news/2018-11-...ction=business
Topped a few more this morning, can't ignore upcoming nice juicy divvy of 24c fully imputed. Very handy for some festive and holiday spending.
I couldn't agree more. Timing of that dividend as well as its size makes it extra sweet. Only really paying about ~ $5 theoretical ex divvy price at the current level which I think is fundamentally very sound buying. I topped up last week...a bit early and at a bit higher than the current price but I think I am now well positioned :)
Random thought this morning. Could HLG be lining up for an acquisition? I was thinking something like JeansWest or JustJeans. CottonOn.
Maybe a capital raise to acquire like Kathmandu did for Oboz.
Completely random thoughts!
Oh my goodness, their knitting looks absolutely "terrible" lol https://www.glassons.com/