Yep winner, Feb would be the time to make a decision about seriously adjusting ones holding, sales could very well go gangbusters over the next couple of months,not enough concrete facts at this point in time to be sure of the sales projections.
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Yep winner, Feb would be the time to make a decision about seriously adjusting ones holding, sales could very well go gangbusters over the next couple of months,not enough concrete facts at this point in time to be sure of the sales projections.
They've talked about margin under pressure already in the annual report. Was pretty obvious really given where the currency was a few months ago and obvious this summer's stock was ordered based on an exchange rate materially lower than the current one. This is a one-off though because we are now back in the normal long term currency range and fuel prices have also normalised so you would think these one offs would have been already understood by the market. I guess Grahger buying forced it up to an irrational high of $6.30 and now they're selling it'll force it down to an irrational low over time. Today a situation of shoot first and ask questions later now that Grahger have disclosed their reduce bias.
One thing for sure at the AGM is that Chairman Bell won’t be saying ‘The Board believes that the share price is seriously undervalued ...etc etc”
Only delusional Boards think like that ...the HLG Board only worries about the day to day performance of the company ...whatever the share price is what it is and beyond their control.
Difficult for Clothing Retailers forecasting too far ahead as too many variants regarding their styling, colour choices, late deliveries, weather, economic outlook, exchange rate, reliance on finicky public etc in a very cyclical industry. This could head back to a 3-in-front unless results are exceptional but even then momentum well broken and punters may reconsider their options to sell/buy
Spike in last few months of NZ dollar hasn't helped dual listed stocks ?
Disc: I sold down some of my free shares today with the reason being this is a capital preservation measure as its hard to see northwards momentum being reestablished with Grahger selling down.
Slow start to month retail sales wise .....hope it picks up
https://www.nzherald.co.nz/business/...ectid=12174229
Maybe this is what the Aussie guys are seeing ? https://www.nzherald.co.nz/business/...ectid=12174411
Biggest housing correction since records began in 1980 leading to soft retail spending. ASB economists the week before last suggesting there is a correlation between Sydney and Auckland house prices.
Maybe a slightly quieter year for retail this summer ? especially seeing as we had a boomer of a summer last year with the weather.
Kiwis heading to the Pub and Malls with their extra cash from petrol savings, next 2 months could very well surprise on the upside.