If HLG opens stores in China, where the clothing made from. Could you guys see huge growth there?
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If HLG opens stores in China, where the clothing made from. Could you guys see huge growth there?
I don't think ice hockey players put runs on the board,more pucks in the net.!!!
I think you started the cricket talk with runs on the board???
Back to HLG.Tim Glasson has a record of performing.They have had the odd bad season/year,but have always bounced back.
Their stores are well laid out,they flow well,their quality and selection is always good.They manage to fit a lot of well displayed stock in their stores.
If I was looking to buy a retail stock I would consider either BRG or HLG.
Stuffed he young ones here Percy
HLG is a great company .....century plus heritage eh.
Even last year it was hugely profitable even though not one of the best years. They made $14m odd on $63m on equity (and while holding heaps of cash and no debt)
Shareholders have only ever contributed $28m. That worth over $200m on the market today. Pretty good value added eh, especially taking into account the hundreds of millions of divies paid out over the years - $100m in the last 5 years alone.
Can't do better than that
Tim a legend in NZ retail alright. HLG as we know it today hugely successful.
Pity that underneath all this people's judgement on the company often based on a squiggly line. A squiggly line that punters decide the shape, not the company eh. Prob Tim as majority shareholder doesn't even know what the squiggly line looks like.
HLG go about doing things well, punters play around and while some are happy some are sad
HLG will be here in decades to come, won't they percy
Thanks for you well thought out post Winner69.
I look for "good" businesses to invest in.A "good" business can have a "bad' year,and a "bad" business can have a "good" year,but the good business will survive .Telling the difference is sometimes hard,but a good performer usually keeps performing.
Pucks in the net,not in the face.???
In regards to quality and selection, myself and another perosn my age had a conversation about HLG today. We both agree that HLG quality/selection has gone down hill and is prone to pandering to the hipster generation (for you oldies that don't know what this is, it's the guys trying to grow moustaches, girls with overly large sunglasses, and both drinking "craft" beers and no idea about the reality of life in general). We both have stopped going to HLG, but I guess we can chalk that one up to age and refinement of ones palate. Obviously, people are still buying the stuff by the bucketload! For balance, their website is of good quality and quite well laid out.
Percy, as I said before, if they can keep this up then they will be up there with BGR no problem. I still consider BGR market darling #1 though ;)
It's not too hard these days ;)
Tim has a neat little pad in Sydney to stay in when he's over there
http://news.domain.com.au/domain/rea...625-zskzn.html
First of all I must admit I agree with you on BGR.
Laughing about you and your friend's conversation about HLG.
I would think young men have had the same conversation about HLG for about the past 100 years!!!!
I expect it may be the same for the next 100years.!!!!!!!!!!!!!!!!!!!! lol.
Nice to be wrong sometimes.
Nice too that there was no apparent 'information leak' before this announcement .
And that the company blamed *itself* for last year's poor profit - and did something about it.
Have increased my long-term growth guess from 5% pa to 8%, since HLG forecasts 30% growth for the current 6 months.
And the bunter-valuation (c) rises from 5.97 to 6.9
Remember two years ago when AIR was cheap, and the company forecast a sharp rise in profits?
Many refused to invest because 'airlines don't make profits long-term'. I got in small-scale and reluctantly, feeling it was the wrong thing to do..
Now 'retail is dying because of the internet'.
Anyone game to go against the herd and buy HLG?
Percy will remember the days when the coming of big shopping malls would kill Hallensteins and Glassons as .... death to the High St they said and Hallensteins would not be able to adapt.
Survived world wars, depressions and recessions. high inflation. low inflation. the times when T shirts imported from Fiji were less than a buck and all the other things that have happened.
They 'listen' to the market and concentrate/focus on certain segments - like now we don't really want to sell what Moosie and his mates like but heck there are more people in Palmerston North than Moosie.
They be around for many years I reckon ..... and making heaps of money for many years
Attachment 6683
Great management, great company, great dividend policy, great price, great timing, great technical analysis, buy!
Great NZ GDP growth rate, great low interest rate environment, great oil price! The best period for NZX50 index in the history.
HLG will back to $6.00 level in two years term!
I agree. Don't listen to me, I'm a 28 year old Archivist stuck in a grumpy old man's body (some would say like Mr Magoo?). I dress like one too. Rod & Gunn would have me as a mannequin any day of the week. :p
Agreed. Hate the clothes now, love the profits. No reason not to buy on that front!
[QUOTE=000831;526448]Attachment 6683
Great management, great company, great dividend policy, great price, great timing, great technical analysis, buy!
Great NZ GDP growth rate, great low interest rate environment, great oil price! The best period for NZX50 index in the history.
You look to have made a great entry ...
HLG due to report its first half figures in the next few weeks.
Dodgy sector which IMO is undergoing change... shops. whole chains closing down.
Shopping is still occurring - shops, not so much.
Maybe some companies will disappear, and the survivors will (eventually) thrive.
Given that the company claims to have addressed its problems and is forecasting a 30% yoy increase in H1 profits, I've used a long term growth factor of 8%.
Jan-15 Original analysis date SP today
3.37 Growth 8.0% NPAT 15 14 13 12 11 to 1/2
8.2 6.2 10.4 9 7.1 to 1/07 10.5
8.1 8.3 12 11.2 FY 18.7 14.3 18.7 21 18.3 H2>H1% 28% 31% -20% 33% 58% eps 15 14 13 12 11 to 1/2 0.139 0.105 0.176 0.153 0.120 to 1/07 0.178
0.137 0.141 0.203 0.190 FY 0.317 0.242 0.317 0.356 0.310 dps (net - all fully imputed)
15
14 13 12 11 to 1/2 14 12 16 14.5 14 to 1/07 17
16.5 17.5 19 17 FY 31 28.5 33.5 33.5 31 P/O% 97.81% 117.59% 105.70% 94.12% 99.95% GrossDivYld
12.8% Dividend history 26/11/14 Final 16.500c 2.912c 6.417c 5/12/14 8/04/14 Interim 12.000c 2.118c 4.667c 17/04/14 27/11/13 Final 17.500c 3.088c 6.806c 6/12/13 10/04/13 Interim 16.000c 2.824c 6.222c 19/04/13 28/11/12 Final 19.000c 3.353c 7.771c 7/12/12 11/04/12 Interim 14.500c 2.559c 6.214c 20/04/12 Benjamin valuation (2015) - v=eps*(8.5+2g)
7.77 Dividend flow valuation 6.85
Really impressed with H this year ; their product range is excellent.Ive really enjoyed going past the empty heartland bank (1 of my biggest holdings) to busy HLG shop ; bought heaps of t shirts mainly; and fake Vans for $12;best designs ever! The bonus is my 14 year old likes them too; so Im cool enough to occasionally take her to my fave cafe and sit at the same table lol:t_up:
Very good half year result makes me a happy holder still
https://nzx.com/companies/HLG/announcements/262342
Yes it was an exceptional result and outlook is also highly encouraging. Factor in too further growth from the new store format which they seem very positive about and it seems to me that they've found a nice sweet stop in the middle market segment of the rag trade. PE is very reasonable and divvy yield is really quite compelling, I'm in for a few cum divvy and expect meaningful analyst upgrades in the next few days. The thinly disguised divvy hound that inherently lurks within, senses some very good feeds to come in the years ahead :D
Leaving aside the hungry beagle hounds appetite and putting my bean counters hat on it appears to me we have a very robust and clean balance sheet with next to no debt apart from the usual trade creditors, goodwill is not inflated, in fact quite the opposite, stock seems very well controlled at only two months inventory on hand, liquidity is very strong and overall the business seems to be extremely well positioned.
:D
High dividend pay out, plans for future growth in place, attractive outlook and still no long-term debt. Excellent.
Even after todays small jump in share price (really surprised it hasn't gone higher), the interim alone is still a 4% return (Currently trading @ $3.38).
Really looking forward to reading their full year result in half a years time.