Fair point - you never lost $ taking a profit $42k is very tidy
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Its true normally we would have sold out ALL shares at above 6. But as Powell is speaking now interest rates are not going up any time soon. This isnt the GFC which rolled on for n years with rolling swings.
With no interest rate rises anytime soon HLG if it keep and ups the DIV then under 6 dollars might not transpire. HLG is not a tourism stock and the only thing effecting it might be supply.
Yes huge amounts of retail stock has been dumped or is sitting in warehouses around the world but that should mean some wholesalers will be buying ex stock at some cheap rates as manufactures try to cover debt.
Look what has happened to ALL high DIV stocks and if this sells off this time it will be against the current market trend.
Big spending is coming in the US and that should hold the DOW up.
We sold 70% at 6 for the 3rd time. But we think this time it has a chance to double its price. The chart history will have some people dumping 100% but the stock has not reached its value limit.
This is one of the last stocks on the NZX to revalue and unless gross profit is down and the dividend cut this stock has yet to revalue.
NZX inclusion should send it Para because with no interest rates rises who would sell now.
Thats why a lot of the money coming off TD might have gone to Gen Gold stocks (CEN , MCY ect) and probably some to growth ETF tech stocks.
Its RISK ON not OFF. Monetary policy has money supply in Para Zone. It 5Xs what it normally is and means the market doesnt care about anything.
Goodness gracious - even Michael Hill are raving about strong performance and material profit growth ...amd reinstated the divie
If they can achieve this just imagine what a far better managed and run business like Hallensteins Glassons are going to report when they come out and own up to what a bonanza of a half year its been
I reckon another good day or HLG share price today
Note: I'll leave the MHJ details to discuss on that thread but they will be super excited when MHJ share price will rocket up today
There are similarities in HLG & MHJ - both offer perceived quality & well designed discretionary products at fair prices.
So whatever is working well for MHJ to achieve excellent sales revenues and increased profits, will work doubly more for HLG as W69 wrote above.
waiting to buy more on good news. Its never to late but you will miss some 24 to 50% of the profit margin but dont be greedy unless there is a global climate event the market will open tomorrow.
Indeed
What these updates are showing that while lockdowns affected sales a lot of the 'pent up demand' has materalised .....and that those who have great online platforms are doing extra well .....and HLG has demonstrated their online capability (even better than Michael Hill)
"Pent up demand"
imagine what that will mean to some beat down stocks in other sectors.. and those are the ones we are investing in off shore.
It is not just pent top demand. I think many underestimate how much of the nations discretionary spending was previously allocated to overseas holidays. All that money is now being spent on other discretionary items instead, a big chunk of it in the form of retail goods, and another big chunk in money heading into the Stockmarket.
well there used to be 6 people in the local travel shop. now just 2 on half weeks..\
we are moving into travel stocks as they will revalue last.
But not cruise ships.
Anyone else really surprised the share price hasn't moved up again today?
We have enough. Now looking forward to results. Could just be a bit of cooling off from yesterday.
Still plenty for this to go.
whats next, is more likely a L4 and another round of seating at home with more ON LINE SHOPPING !
Enough retail evidence out there now for me to be very comfortable that my projections are very conservative. I see considerable upside in 2021. Happy to let my 15% portfolio allocation run well north of its own accord and expect it too. I made a small top up last week.
Hi Beagle, I see they released you out of the pound. Happy New Year and enjoy the roaming. :)