Bit of extra cash in the bank from the sale of their Lambton Quay property, seems they have no debt they might as well pay a special divvy.
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Bit of extra cash in the bank from the sale of their Lambton Quay property, seems they have no debt they might as well pay a special divvy.
I think they would be wise to invest the proceeds into their ongoing expansion plans in Australia. HLG already pay out massive dividends.
I am watching this one from the sidelines at present. Its still a while until the next dividend feed and lower exchange rates compared to the previous comparable period and higher wages costs will be putting some pressure on profitability. That said, its a very well managed company so they will be doing all they can to ameliorate the effects. Looking forward to seeing some visibility from the company in terms of how they are coping with the headwinds.
HLG have performed very well.An excellent retailer.
I was surprised with KMD's result and noted BGP are working very hard.
Staff wages are interesting,and how HLG continues to perform will be how well they can contain them.
We can see how one retailer has given extra profits to staff, while the other has given them to shareholders, when we compare WHS to BGP.
.................................................. ..........2013.................................201 8
Wages /sales WHS...................................15.9%....... .......................17.5%
Wages/sales BGP......................................11.1%.... ..........................10.7%
I'm wondering if it might be this building: Hallensteins House. Recently sold in June for $7.75 million.
https://www.qv.co.nz/property/276-la...n-6011/1014177
Going to be about $28m profit ....great effort
Shame about Hallensteins. They’ve struggled to grow over the last few years - a bit like Kathmandu in NZ. Things seem to get to a certain size / presence ands that’s where it stays.
https://quoteapi.com/resources/da986...t_forecast.pdf
Solid and very credible effort.