209,000 thousand..trying to catch up on with the cost of living...
Result could have be a hell of a lot worse..
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Spent most of my working life in manufacturing and selling NZ made. Retail trade is a difficult industry especially clothing and take nothing for granted regarding dividends as circumstances can change quickly.
But well done Glasson's for surviving.
Anything in life can change at any time but with an average divvy of 30.25 cps paid out over the last 16 yrs which included the GFC they have more than proven their resilience.PS-You can only invest based on past and present performance not what could or might be.
Not a lottery at all. The best guide to the future of any company is its most recent history. The second best guide is its trading before that and the third best guide is its long run history. HLG ticks all the boxes and is arguably the NZX's premier dividend payer.
Was late reading the announcement but VERY happy with results, picked up more when it was at $4 and then really worries after reading about the gloom in retail and KMD didn’t help but just held on, great management team there and I see it break the 5s soon
Interesting article. https://www.nzherald.co.nz/business/...ectid=12216869 I imagine a lot of retailers like HLG will also have to follow suit and increase prices.
No no no HLG can't have their customers pay more..
Best to reduce the divie...lol.
One of the main reasons I sold out of Smiths City years ago was because of their rising wage bill.Not funny for a retailer who employs a lot of people,longer holidays,higher hourly rates,kiwi saver contributions.
In the book trade "wages" amounted to approx 12% of turnover.With the above, together with longer shop opening hours, "wages" are now approx 17% of revenue,while rent has increased from approx 12% to 19% plus..
Hopefully online sales grows faster, that would/should be a cheaper method of moving product.