Hmmmm…. that sounds like a oxymoron to me.
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that livestream quality sucked eh
Was my first exposure to management - thought james glasson was good.
towards the end talked to having their eye on 3 new store openings in australia but none of them at the documentation stage yet - still agreeing terms
interesting re their approach to their outlook/guidance statements - at least this year anyway (ie, just less than last year, and left at that). historically have they provided guidance, left it open, or just give a general sense of trajectory?
Not sure what is not to like about the result...looking stable to continue DIV.
and they have started their App strategy that gives them the platform to learn and test the new platforms that will develop in the future for online sales.
All looking pretty good so far.
Outside of interim and final reports any announcement is generally how sales are tracking
A week or so after half year ends (feb 1) they give a half year sales number and about what profit for half will be. Confirmed a month or so later
When full year ends (Aug 1) they do same thing.
So no real guidance per se given …just what the answer will be close to the time
HLG not renowned for making announcements.
having said that everything is looking just honky dory.. it will be interesting to see how everything plays out in NSW as OMI comin HOMIE really takes off.
As NSW opens up and europe closes down.....
What effect that has on Xmas and New Year shopping in AUS.
VWAP $7.03 today
That’s pretty good effort following a ‘downgrade’
6.50 ... Buy more...
I valued this company at over $10 a while back and anyone who took notice would have observed that most of the value is in Glassons Australia with its fabulous growth rate. I never expected sales growth to be announced at this meeting. It was clear when they announced the annual result that sales YTD were being significantly affected by the lockdowns and they've about halved the sales decline now, give or take a bit, so I think that's quite satisfactory against a pretty strong comparative period last year.
Sure there are challenges ahead but of a DCF basis I don't believe they're especially material to the valuation, (materiality in accounting terms is generally considered to be 5%). Any dip into the mid $6's would be an outstanding long term opportunity in my opinion.
I wound up following Glassons on Instagram and my feed is now features the occasional drop dead gorgeous model which I scroll past awkwardly when my wife is about. I explained to her what I’m up to but she’s not so convinced.