We've been living with that risk for a while now mate, (as have other retailers). This still looks seriously underpriced on its metrics and prospects to the likes of WHS and BGR.
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We've been living with that risk for a while now mate, (as have other retailers). This still looks seriously underpriced on its metrics and prospects to the likes of WHS and BGR.
is that a hunt horn i can hear and those horses disappearing into the distance must be chasing a hound ... it appears im on foot back with the on lookers holding the reins of my horse in check...opera glasses at the ready.. handed down off course from a different time...flask in the hip pocket..
Aus jobs up..
Just for you mate. When Beagle's think they are on to something good they're not subtle about it :lol:, fast forward to 2:30 :) https://www.youtube.com/watch?v=pjz73dv9EEI
Another nice move upwards today to close at 650.
It will be interesting to see where the SP lands once it's XD on December 7.
many hounds on the trail... perfect!
https://www.youtube.com/watch?v=_YKV1dQAuAQ
https://www.youtube.com/watch?v=tH6h1NaK6_E
LOL - "Purrfect" Here's a video of keen HLG dividend hounds waiting for their massive dividend feed on 15 December. https://www.youtube.com/watch?v=XOkYeb-vip0
Anyway...another fresh all time high today.
Today close SP $6.47 - with still 2 1/2 weeks until ex Div
Any guesses for SP the end of this coming week ? ;)
$6.70 is my guess for next Friday but I would hasten to add that short term share price guessing is about as reliable a process as long term weather forecasting ;)
Probably expect a sales update first week in December and HLG goes ex-div on the 7th ....hmm
Maybe wise to be prepared for a double whammy to the shareprice
Just imagine a sales update like - sales up 4% on last year (recall they were up 12% after 8 weeks) and they mention stock shortages in lead up to Christmas and mention margins under pressure from high freight costs and unfavourable exchange rates.
That'll take 10% plus off the share price and then when it goes ex divie we could see a share price of $5.50 in a few weeks
Always pays to look at upsides (prob limited from here) amd the downsides (what I've mentioned would not surprise me)
I sat outside an Auckland Glassions today, the line to use the changing rooms was almost out the door and the cash register was going non-stop the 30 mins or so I was waiting. Just a constant line of people buying the latest summer range. Anecdote evidence doesn't mean much but it certainly makes me feel encouraged.
I didn't see any other clothing store in the mall experience anything like it, sadly that includes Hallensteins.
Thats good news, i walk past a Hallensteins store that i think probably needs to close. But its probably the only one that is not frequented i hope so...
remember women are not color blind ... i have a pair of oakley shorts and they are very cool but for some reason my personal trainer just says NO!
I admit, its not outside the realms of possibility they could use the exchange rate swing as a negative, however I think it would be a stretch for them to use that as a factor.
Even if they had hedged at say 66c, thats roughly the same exchange rate compared to the same period in the previous year so it shouldnt be a factor.
I can tell you that retail is most definitely not slowing down. We are up turnover wise MoM close to 150% , and im hearing the good news (still) accross multiple retail sectors.
How listed retailers going recently:
Briscoes Homewares +12% (27/7-25/10)
Rebel sport +19% (27/7-25/10)
Red Sheds +8% (3/8-1/10)
Noel Leeming +9% (3/8-1/10)
Torpedo 7 +40% (3/8-1/10)
Kathmandu ‘trading mixed’ (1/8-12/7)
Hallensteins +11% (2/8-26/8) 8 weeks
So big question what’s Hallensteins growth been 17 weeks to end of November? Retail overall been booming ..but clothing maybe still a laggard.
Has the +11% for first 8 weeks got better for the 17 weeks ..or will it end up something like +6%.
Its summer now, so the nudists wont be buying any clothing...