And HLG market cap today about what it was in 1993 ...25 years ago
Better not adjust for inflation eh
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Actually - they used to be ... but if you look at some of the starlets (like e.g. WYN and CBL) flying through the NZX50, and if you look at some of the serial underperformers who still are (FBU anyone?) - it might not be such a great achievement to be part of the club anyway.
Ouch....$3 in 1993 is worth $4.97 now adjusted for inflation https://rbnz.govt.nz/monetary-policy...ion-calculator Just as well inflation has been very low for the past 25 years isn't it !
Working the other way market cap 232m in 1993 is 384m today ....or $6.40 a share
So in ‘real inflation adjusted terms’ HLG market cap has fallen by 40% odd in 25 years
No wonder the share registry is relatively small and punters only get excited with them every now and again.
Lots of comments on mcap past and present, anyone done the numbers of the dividends paid out since HLG listed in comparison to peers?
It'll be $3 again when they do a 2:1 share split
Its a yield stock with a cyclical element. Savvy investors will work the cycles and those that time it right will do extremely well. Others will hold for yield long term and also do pretty well. It got to about $6 many years ago as you pointed out and the smart money knew it was a sell up there, just like it was this time.
Yes, it's a yield stock and generally yields pretty well! Seems to attract an inordinate amount of attention from these threads for such a small, unexciting stock! A bit like Ryman's used to be - but the savvy investor can still do well buying the dips and selling the peaks.
Macduffy — it’s really exciting when it doubles in price quite quickly at times. That gets it an inordinate amount of attention .....
.......and an inordinate amount of attention as the share price falls 20% then 30% then 49% and maybe even 50% as the punters debate whether it’s cheap or not
Nothing boring with HLG ....it’s either on a roll or down in the dumps.