Perhaps we will see a late summer range of mens' g-strings.
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Speaking of underwear. I bought 3x boxer shorts for $20 from hallensteins. Normally I would never buy from hallensteins but I have to say I’m impressed with the quality. Better than AS colour and on par with bonds.
Keep the good reviews up ,next you will have Tuku Morgan joining you in shopping there :t_up:
http://natlib.govt.nz/records/22568893
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Does the likely Vocus NZ IPO on the NZX make a HLG addition to the NZX50 more or less likely?
HLG already has higher market cap than several NZX50 components, and Vocus would also likely have a market cap higher than as well.
So does Vocus IPO make it LESS likely HLG gets into the NZX50, because Vocus would be worth more and be the next entrant?
OR,
Does the Vocus IPO make it MORE likely HLG gets into the NZX50, because there is more chance of a bigger reshuffle with 2 large companies now existing that should be in the index, and so a reshuffle is done with multiple companies entering at same time?
Not certain, but would have thought that the trading volume requirements of a new stock would disqualify Vocus for the time being, unless there is some carryover arrangement formular from their Aussi trading? This makes HLG more likely IMO. Any further comments?
Here are the rules around getting into the NZX50:
https://www.spglobal.com/spdji/en/do...-nzx-index.pdf
from here:
https://www.spglobal.com/spdji/en/in...nzx-50-index/#
There are a bunch of rules and requirements around absolute and relative liquidity and the number of periods for which you must qualify before an entity is included. IMO the best bet for HLG would be someone else dropping out of the NZX50, assuming HLG are first in line.
I hope that recent all time high of 735 isn’t going to stay as an all time high forever
Waltzingmans comments about HLG it being cyclical keep coming back to haunt me
The first Fib retracements levels are $6.38 and $5.78 and $5,30
Well W(n) we are hoping that this time we are wrong and that is why we havnt sold everything. The only big regret we have this time is we always want to buy the freights and we missed them again. With an eye shares on other exchanges it very hard to keep commitments to anyone share.
In many respects the individual with one portfolio is at a big advantage as they can commit to half dozen or so shares and not be distracted.
DISC: As the virus is whack a mole in europe but it fades we are being constantly distracted back to europe.
True. You can't kiss all the girls!Quote:
In many respects the individual with one portfolio is at a big advantage as they can commit to half dozen or so shares and not be distracted.
;)
Now the opinion its a coin toss. Also another stuff up by the Ghost department of Virus busting like Northland and we will be dumping trading positions on the NZX. Not long term positions.
Obviously (as I expect) HLG comes out with a stellar result, sp will shoot up to at least $8.00 as a first step.
Then, sit back and watch the yield investors chase the stock higher.
No coin toss from me. I put my money where my convictions are.
The company has performed well over the last 10 years and that is why we havnt sold this time. We dont call it conviction just probability. On dividend we think its almost the most under valued stock on the NZX.
How ever with multiple Ports over exchanges we dont have much risk on this stock as we have mentioned that Travel in 5 years time will be a strong performer again and moving investments into that global market.
Not investing in Virgin just yet. Mars is a no go for holiday packages just yet.
It tends to over react for some reason if you look back to the down side. the vol is very light and that is what can cause the problem. We just dont hold a lot for any stock that does not have depth.
Okay, I've read lots of great posts on HLG and the December Update and here's my 2 cents.
Positives are:
- 14.51% sales up first 18 weeks Aug-Nov (from HLG Update Dec)
- Clothing spending up 8% over Christmas (Thanks for this Winner - it took me ages to find source but I did)
- My personal observation, it seems people are pretty happily spending up a storm out there . I even went to HLG this morning to buy some shorts.
Young lady there said Christmas was very busy (one store only, I know).
Negatives are:
- Shipping difficulties and increased freight costs are challenging (from HLG Update Dec).
Therefore, sales volumes will very likely be excellent but does that equate to more profit due to margin erosion? That's the million dollar question for me. So let's look at the figures. Respectfully, this has pretty much been covered by Beagle in the past but I'd like to present it slightly differently.
Figures - 3 Options
Option 1
Sales are excellent and margins remain good. A very conservative increase of 10% moves profit up to 16.984m. At a SP of $7.16 that gives a PE of 12.5. That's an absolute bargain with a fantastic divi too.
Option 2
Sales are excellent but margins are gobbled up by extra freight costs. If profit is the same as last years (15.44m 2020), SP of $7.16 gives a PE of 13.8. And likely a good divi.
Option 3
Profit downgrade due to excessive freight costs. Guess 14m (plucked out of the sky just needed a negative). SP of $7.16 gives a PE of 15.3. And still likely a good divi.
The interesting thing for me is, as Beagle has pointed out, BGR has a PE of 18.8. Therefore, HLG SP still seems undervalued even if the update in Feb is average. I have just bought a few at $7.16 and hope to accumulate a few more. Of course there is some risk but the upside far out-weights it IMO. Any thoughts are most welcome.
Check Aus retail government stats for the big picture. The excel stats file is not the best but at least they release the data going back YTD - n