I'm expecting a slightly better trading update next week and positive tone going forward.
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I did note BGR's online sales were up an incredible 27%.
HLG have been growing their online sales well too over the past few years,so I look forward to seeing whether that momentum is continuing.
Its all good then.. The good story continues...even when the rest are falling..
http://nzx-prod-s7fsd7f98s.s3-websit...504/294845.pdf
Groups sales up by 3.1%, but the NPAT up by 6% even under the margin pressure. Simply a good company under good management.
Pretty spectacular results in an otherwise troubled industry. Credits to their management and their believers.
Based on these numbers is HLG in my spreadsheets turning "green" again ... though just. The million dollar question is - are they able to continue growing in the next handful of years or is the reduced growthrate only an indication that we are reaching the (revenue and earnings) peak?
I don't know the answer and feel at this stage still quite comfortable that I sold out closer to the previous share price peak.