This book inspired me to build my retail business also!
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Good question, jimdog31 and there are two observations to be made from how the sp has powered on since the 'disappointing-lower-than-ST-expected' $20m profit update :
1. Market, especially the institutional market, does not really take as much note of the forecasts made here as much as we do.
2. Market is waking up to the real potential behind this outstanding retailer, especially its growing & successful online presence, which augers well for the 2021 $10.00 initial price target I have in mind for HLG.
those with a knowledge of the board and new CEO have any views on this new management team? Talked with them at the last AGM?
the lastest trading update is surely a win for the team.
someone said over 8 by week end...? hmm not sure the market agrees yet...
there are the believers and the rest ... surely there must be more believers soon. what more do they have to do...perhaps the shipping stories around the world of back logs is weighting on minds..
. dividend being the last question?
I was careful not to be one of the posters claiming it would be $8+ this week. Rome wasn't built in a day but these guys are doing an excellent job of steadily growing this iconic business.
Pure speculation on my part, but I think part of the the issue for the more thinly traded non-SX50 stocks is that retail investors are using simple trailing twelve month data and don't even bother to read earnings reports. therefore they are screening stocks based on simple metrics on their app of choice and not realizing things like dividends yields & earning ratios etc look dramatically different on a forward basis.
They might be more forward looking than you give them credit for - maybe they see FY21 as a one off boome of a year and then FY22 earnings declining to more 'normalised' levels - ie the fantastic F21 growth won't continue into FY22
After all HLG experienced stuff all in growth in FY19 and FY20 was less than FY19 and about the same as FY18 - not a growth company by any stretch of the imagination