That is a beautiful chart to look at. Especially when considering the size of the market and how little penetration they have. That CAGR could comfortably go on for another 5 years
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As beagle says Glassons AU and NZ sales are much the same yet AU market about 6 times bigger than NZ
Knock off a bit for them no going to Perth or Darwin that still leaves potential opportunity of another 300m/400m of growth in the future if they did as well over there as in NZ
Oh my goodness, we could be talking about a company selling ~ $600m a year in five years time compared to just $220m a few years ago. Huge growth opportunity and on a current year PE of just over 10. Hmmm...HLG, you can't have too many :t_up:
Now at 17% :blush: and worse still, I am strongly inclined to buy more !! Maybe when there's really serious money to be made one just throws away the rule book ?...or comes up with a more creative interpretation :sneaky2:
“ Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.” 7 is 14.3% but it's notable that nowhere in there does it say divide your portion "equally" into seven or eight. I think I might have talked myself into thinking 20% is okay for really high conviction stocks. Seems to work more than okay for Kingfish !
Forsythe Barr guy on to it ...in today’s Herald
Hallenstein Glasson had a strong day, rising 37c or 5.05 per cent to $7.70. Stratful said the retail sector is a shining example of the recovery in the economy, reflecting the strong spending by consumers who can't travel overseas.
gee if they paid say 50c a share then a 5% net yield gets us near $10, me holding.