https://www.msn.com/en-nz/money/news...cid=spartandhp
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If things are really going gangbusters than even Hallensteins might be finally showing earnings growth
Profit about the same as it was 5 years ago and F19 was a disaster
My big parcel of Black Friday specials arrived a while ago ....had to chase the parcel down the road in the 130k winds. Stupid courier left it on the ground in the street by the letter box ...stupid eh
I should have said the stuff never arrived ....might have got two lots
I dont think anyone mentioned it but there was an article about how more consumers are doing their online shopping with local companies , gotta be good!
Group sales up 7.1% on prior corresponding period looks good, margin pressure not so good but part of the game.
http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf
Yes a very good and solid update and I note the recent lift in the $Kiwi which will be of assistance going forward.
Happy holder.
NZD stronger this week
looks like a bit of earnings growth in F20 ....but nowhere near Beagles 15% pa :p:):cool::scared:
All honky dory ,,,,but no doubt some will see as a veiled 'downgrade'
http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf
First 8 weeks sales +7.23%
First 16 weeks sales +7.1%
So hanging in there (no need for beagle to work out last 8 weeks growth this year)
Last year HLG couldn't convert solid sales growth into increased profit
On an apples for apples basis sales up 6% but profit down 4%
Last year things were just 'challenging' but this year they use words like 'competitive' and 'significant'
A good full year outcome I reckon will be profit the same as last year ....no growth but not going backwards...and keeping that HUGE DIVIDEND intact