This is an old link and it has included Hallenstein Glasson as well.
http://www.nzherald.co.nz/personal-f...ectid=11617933
Top cash earners on the NZ share market
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This is an old link and it has included Hallenstein Glasson as well.
http://www.nzherald.co.nz/personal-f...ectid=11617933
Top cash earners on the NZ share market
Dated 6-Apr-2016.
Now if we had bought $10,000 of each of the seven at close that day then at close today (no reinvesting, no tax to pay or recoup) we would have (shares+cash):
PGW: $13,086
NZR: $7,368
MVN: $11,405
HLG: $9,952
STU: $9,804
AIR: $7,776
OIC: $7,377
for an overall loss of $3,231 (or 4.62%)
Best Wishes
Paper Tiger
NBR article this morning on NZX retailers.
Notes that HLG profit is lowest since 2009. The reasons given are that they have "suffered from a lower exchange rate that increased the cost of offshore purchases, mild winter temperatures that prompted discounting of winter categories, and a lack of effective management at its Glassons business."
Oddly Kathmandu would have faced the first two conditions (possibly more so even for the second) yet they're been labelled as, "top performer." Still Di's back from fixing PPL, so she'll have Glassons' humming in no time.
Hey Roger, HLG share price over $3 -- good stuff eh
Was convinced $2.60 in July was about as low as it was going to go - and outlook for future bound to improve
Up 16% in less than 2 months with more to come
Ever since somebody on this forum mentioned that the likes of H&M could come to NZ, I've never seen HLG as something I want to invest in. It's like a time bomb waiting for some big foreign stores to come in and just whomp HLG. It could happen at any time, but currently I feel like we're just protected by NZ being a small market and generally not thought of by others as a location to set up a business. however, NZ is getting more and more popular and people are aware of it more and more now. In less than a decade I see a high risk of them getting some potentially crushing competition.
That said, HLG are a great vehicle for traders. I just wouldn't invest there anymore.