Someone forwarded me coverage on Levi’s CEO talking about current excellent trading conditions - short summary: people got fat and are buying lots of new jeans to fit their new waistlines.
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Someone forwarded me coverage on Levi’s CEO talking about current excellent trading conditions - short summary: people got fat and are buying lots of new jeans to fit their new waistlines.
Was at Sylvia Park shopping mall yesterday and rather surprised to see a new small Glassons store as well as the large one on the other end of the mall.
Asked the shop attendant and she said it’s a pop up store to sell seasonal clothings overflow. Things must be going well for Glassons to expand its offering across into another store in the same complex.
With retail sales over all on a roll and things looking pretty bright in the sector you would expect HLG to do $160m sales in H2 (taking full year sales to just over $340m
allow for slightly improved margins in H2 (fixed the problems etc, keeping expenses under control and with a bit of corporate welfare ful year NPAT should come in $39m to $40m --- lets say $40m
Pretty good effort after last years $28m
Share price needs to surge sometime soon I reckon - announcement only about 2 months away
Add in some freight cost increases.
Hope you're right mate. I'm still licking my wounds https://www.bing.com/images/search?v...t=0&ajaxserp=0
from being too optimistic with the first half profit.
Well they remedied that recently (in case you weren’t aware), with the new 2nd level of shopping (all of which is fully leased), and also by adding new office towers to the complex (with one more already consented, and plans for build to rent residential towers as well).
surprising Glassons has added the 2nd pop-up store, didn’t see that last week so must be a very recent addition.
Surely an under valued stock. Another year of basically very little travel for most and nothing to do but shop and eat out and go to the beach....These stocks are priced for less than zero growth and inflation to flatten spending in Zealandia.
Nuts..as the US General said.