Drought conditions on The West Coast.No rain for 6 weeks.They are running out of water.
Maybe a case of "bring back Bill."
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HLG agm 10 am Wednesday 13th December.
"The shareholders are invited to join the Directors for morning tea at 9.30 am prior to the meeting"..?
Really.?
And to think I thought of going.
Yes its even been fine and warm in Auckland. Summer feels like it arrived about 10 days ago which is nice for a change seeing as we didn't have one last year. I would imagine summer clothing has been and will be selling like hot cakes in the lead up to Christmas.
wow. v. nice update. interesting timing too - they were due to update at the AGM in ~2 weeks - so things must be good to have to issue this now. but with sales up 15% on an improved GM, they demonstrably are!
WOW what a stunning update. http://nzx-prod-s7fsd7f98s.s3-websit...265/270930.pdf
15% sales increase on last year, last year itself a strong start to the year before that, and on improved gross margins that were stronger last year too !
Are those dog food bowls big enough Couta1 & seeweed ?
Yes mate as we discussed last night, and as I have been saying on here for ages, the vast majority of shoppers want to see and try on the clothes themselves for reasons of what I call the four F's (fit, fabric, feel & fashion). Despite acquiring a number of apparel retailers in the U.S. I read recently that Amazon only has 6% of the apparel market there.
An increasingly important and faster growing segment of their business.
E-Commerce
Online sales continue to grow at a significantly greater rate than bricks and mortar stores, as a result of the company’s commitment to build and invest in digital. For the last financial year online sales grew 44% which now represents over 9% of Group turnover. We will continue to invest in technology and resources in this area to ensure that growth continues in this strategic area of the business.
Posted 26 October. What's now crystal clear is that their new format euro style stores are really resonating well with customers. To grow sales at this phenomenal rate, (unprecedented in as many years as I have followed HLG) with very average weather for the majority of the time since balance date and the uncertainty of an election is pretty incredible. Disc: Enlarged my holding this morning, (will need a new XXL dog food bowl). Now that a real summer has the makings of coming to pass I expect their very strong sales momentum to continue.
Is this the "purrfect" dividend hounds stock, you get to eat you cake and your cat. My revised valuation $4.