Reckon i’ll Be OK ...back to 460 by days end
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Reckon i’ll Be OK ...back to 460 by days end
Couts ...did you buy my shares?
I think retail in NZ is going to go through a tough period for rest of the year and I wouldn’t entirely rely on Aussie to pull HLG through.
https://www.msn.com/en-nz/news/natio...cid=spartandhp
Looks like we're in for a real winter this year...so winter stock should be flying out the doors.
Weakening NZ$ against US$ will affect HLG's margins.
Seem to remember last weakness Noodles worked out it would cost HLG $10mil.
His comments would be interesting now.
More a case of $US strength. $US index is very high. I think management will be working hard to mitigate this.
Interesting to revisit a stock one month later.
Upon retesting the 50 SMA twice HLG was unable to close back above it, which would have been another opportunity (signal) to sell.
Now that the $4.45 support is broken the stock could fall to next support levels at $4.30 and $4.00. It seems that the market is just repeating last year's 'Winter' sentiment which caused the price to slide 20% after going ex-div.
I would like to see the $4.00 support hold (20% from this years cum-div price)
Attachment 9695
Not that often mate
Been a believer for a few years and company performance followed but believe macro environment has changed and things might not be as favourable for HLG in the next year.
Essentially traded these up from about 270 so done OK
Suppose you are out at the moment ...when is the wind going to change for you?