http://www.nzherald.co.nz/business/n...ectid=11187425
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I was checking out there Botany and Manukau stores last weekend, lots of $10 or $20 specials, I used to think of them as a high end store, will have to sell a lot at $10, in whats a competive price bracket to get the sales and profits up. Plus the items on sale looked just the same as the ones in Farmers IMO
Disc: Been a long time and happy holder recieving good Div payments, sold down in Aug, now think I'll pull out altogether, not confident they will make the profits they used to.
I too have held HLG in the past(not currently) and are impressed by the div on offer. Given the latest news to you think the new price to div will remain the same? as in half the share price half the div offered? and do the expert investors out there think that their shareprice will recover over time?
oh yes.....
They are a very well managed coy.
The authorities have gotta start looking at On Line Trading. Tax wise, GST, etc.
The retail sector is suffering, and this relates to loss of GST, Jobs, Tax. so on.
There are lots of little "TradeMe" type websites jumping up everywhere.
BB
Just a thought...
Maybe the Lab/Greens will also buyout "TradeMe".....:D
Even Hallensteins have one of them TradeMe type websites
http://www.trademe.co.nz/stores/hallensteins
or a couple
http://www.trademe.co.nz/stores/glassons