$Kiwi been doing very well lately. Currency headwind has disappeared which should be very assistive in the medium term going forward.
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$Kiwi been doing very well lately. Currency headwind has disappeared which should be very assistive in the medium term going forward.
Guru wealth manager Mark Lister says NZD firmed 8% v USD over recent times
https://www.nzherald.co.nz/business/...ectid=12298126
Good news for HLG
Jeez ...with strong revenue growth and margins getting better they could be in record profits, esp as Australia gains real traction
Short term I am expecting some impact to Australia retail from the severe bush fires. Beyond the current season the currency will be of assistance at this level, although how much of next seasons stock has already been bought at lower currency level's is an unknown. Full impact of higher currency won't be felt until next year's financials'.
$6 is a hold in my opinion.
Less competition for Glassons in Australia as competitors just can’t hack it these days
https://www.smh.com.au/business/comp...09-p53q2a.html
Aust Retail Sales - Clothing sector sales for November
Clothing up 6.0% from Nov18
That’s some increase for a county that apparently is in the doldrums
Wow - Glassons must be creaming it in Australia
Mosaic Brands share price plunges 16% on back of lowered guidance affected by Aussie bushfires
https://www.asx.com.au/asxpdf/202001...rvdrvjw2zn.pdf
Don’t know if Glassons have many regional stores or just Metro based
Metro based.
Stores in Sydney (Parramatta, Bondi, Liverpool) and Melbourne (Highpoint and The Glen) I believe. At least those are the stores listed in the 2019 annual report.
There’s one or two outside the metro areas
Like I wonder if the clothes in the Werribee store smell a bit smokey - visibility down to a few hundred metres and smoke alarms going off all the time.
3 News reported last night that a decent amount of fairly widespread rain is expected across the fire ravaged area's in the next few days, talking 30-80 mm's. Their prayers look like they might be answered. Hope they get the relief they need. Talk of the loss of 1 Billions animals is absolutely devastating and makes me very sad.
In my opinion, HLG will come through this with maybe a scratch or two, so too speak, that insurance will cover.
People always need to buy clothes fires or no fires so business as usual. PS-Always looking for any sp weakness to add to my already decent holding.
I had to sell my not-so-decent holding last year when I needed some cash unfortunately, but now waiting for a good opportunity to top up.
Current SP as I check is $6.02, which based solely on last year's dividends of 44 cents gives a yield of 10.15% - not too shabby. Very tempted ...
algorithms are working overtime to stop price falling below $6.
Woops, I made it close at $6.00.
Just thinking about what appears to have happened:
I put my $6 order in around noon, 3 or 4c below the sell depth. Instantaneously less than a quarter of my order was filled. So fast that I am thinking it was an algorithm that met my price with an offer that was not in the depth. (I was at the top of the depth list). Then a 1 share order joined my order, and lots of small orders above my price.
It then it spent all afternoon noodling around 3-4c above and I thought I had been beaten by the algos. So feeling lucky to have got my full order at my price. But also feeling maybe I learned something.
Discl: held.
Another iconic brand Jeanswest goes under in Aussie, 126 stores and 1000 jobs, at this rate HLG wont have a lot of competition left. Lol