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  1. #221
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    Quote Originally Posted by Beagle View Post
    Each to their own mate but I for one see no need to diversify my retail portfolio allocation and note HLG's considerably superior dividend yield.
    all good mate. you did well with your low entry point into HLG & for what its worth - I personally do like to try my clothes on before I buy them.... the fiancee however, is the opposite and loves shopping for her clothes online (and she is waaaaay more trendy than me!).


    liquidity is not too bad J-ALD. I can think of a few other decent stocks that are worse i.e. SPN, SEK, ABA lol.



    filthy
    Last edited by Filthy; 02-02-2018 at 02:21 PM.

  2. #222
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by JeremyALD View Post
    I hold twice as many HLG shares as BGR shares beagle but I don't really agree. BGR has a far better track record than HLG in consistently growing profits and has had significant competition in many of the years they have delivered growth. I wouldn't buy appliances and pots online, but would buy clothes online. Big difference is younger people shop at HLG and older people at BGR imo.

    In saying this HLG has more room for growth and pays a very good yield. I think both are very good value and imo Amazon is very overplayed in both markets.

    The thing that worries me about BGR is the terrible liquidity.
    I respect your point of view mate and your point about consistency of growth in earnings with BGR is well made.
    That said BGR hasn't really faced a downunder Amazon before so with cheaper shipping rates ex Australia it'll be interesting to see how they go in the future. Perhaps they'll establish warehouse facilities here in N.Z. for even cheaper shipping in the future ?

    FWIW just before Christmas Mrs Beagle bought a small microwave oven online through Kmart's website and a new set of sheets for $109 in total, delivered. No need to try either on before she bought them and both would be considerably cheaper than buying at a Briscoe store. Yesterday we visited Rebel sports to look at their exercycle range which was pathetic, out of date compared to specialist other fitness stores we visited later in the day and most surprisingly the complete absence of shop assistant interest in serving us was shocking and the prices for old technology out of date designs were more than double what other shops wanted. A quick look on trade me would have you a better machine for less than half the price...just saying.

    From memory BGR sales were up about 3% in the period just before Christmas whereas HLG are steaming along at about 17%. Really looking forward to HLG's profit guidance update. Couldn't agree more about the lack of liquidity in BGR shares, a real issue in itself for people that prefer to hold liquid stocks.
    Last edited by Beagle; 02-02-2018 at 03:10 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  3. #223
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    Quote Originally Posted by Beagle View Post
    I respect your point of view mate and your point about consistency of growth in earnings with BGR is well made.
    That said BGR hasn't really faced a downunder Amazon before so with cheaper shipping rates ex Australia it'll be interesting to see how they go in the future.

    FWIW just before Christmas Mrs Beagle bought a small microwave oven online through Kmart's website and a new set of sheets for $109 in total, delivered. No need to try either on before she bought them and both would be considerably cheaper than buying at a Briscoe store. Yesterday we visited Rebel sports to look at their exercycle range which was pathetic, out of date compared to specialist other fitness stores we visited later in the day and most surprisingly the complete absence of shop assistant interest in serving us was shocking and the prices for old technology out of date designs were more than double what other shops wanted. A quick look on trade me would have you a better machine for less than half the price...just saying.

    From memory BGR sales were up about 3% in the period just before Christmas whereas HLG are steaming along at about 17%. Really looking forward to HLG's profit guidance update.
    I agree about their exercise range. It's pretty terrible.

  4. #224
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by JeremyALD View Post
    I agree about their exercise range. It's pretty terrible.
    Mrs Beagle commented and I am quoting her "this looks like equipment you'd find in a second hand shop" Maybe even the staff are embarrassed by their product offer hence the complete disinterest in customer service ? http://www.fitness.co.nz/
    80% of their sales are online he told me.
    Last edited by Beagle; 02-02-2018 at 03:17 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  5. #225
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    Quote Originally Posted by Beagle View Post
    From memory BGR sales were up about 3% in the period just before Christmas whereas HLG are steaming along at about 17%.
    yeah hold on though - 17% up on the year prior, which was (well?) down on the one prior to that from memory?

    fashion can sometimes be a fickle business eh?

    a more consistent low single digit growth in a more diversified retailer might suit some investors




    anyway, time for a beer!



    filthy
    Last edited by Filthy; 02-02-2018 at 03:34 PM.

  6. #226
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    Quote Originally Posted by Filthy View Post
    yeah hold on though - 17% up on the year prior, which was (well?) down on the one prior to that from memory?

    fashion can sometimes be a fickle business eh?

    a more consistent low single digit growth in a more diversified retailer might suit some investors




    anyway, time for a beer!



    filthy
    No it's off the back of a pretty strong first half. However the year before that was pretty bad. Yes time for a beer

  7. #227
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Filthy View Post
    yeah hold on though - 17% up on the year prior, which was (well?) down on the one prior to that from memory?

    fashion can sometimes be a fickle business eh?

    a more consistent low single digit growth in a more diversified retailer might suit some investors

    anyway, time for a beer!

    filthy
    Nice try mate but it probably won't surprise you that I know the company pretty well. Sales last year were 6.93% above 2016 sales...that's what makes this years 17% increase so special, it on top of last years 7% https://www.hallensteinglasson.co.nz...report-2017/13
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #228
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    On line sales rose more than 30%.
    Looks as though www.estaronline.com have "done it again" for Briscoes.

  9. #229
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    Quote Originally Posted by Beagle View Post
    Nice try mate but it probably won't surprise you that I know the company pretty well. Sales last year were 6.93% above 2016 sales...that's what makes this years 17% increase so special, it on top of last years 7% https://www.hallensteinglasson.co.nz...report-2017/13
    Revenue was was up 17% but earnings was still around the 2015 mark. Increased revenue with stagnant earnings is a sign of increasing competition and revenue growth at the expense of profit margins. Cash reserves are dwindling also. Its going to be an uphill battle for HGL to continue to build sales volumes without compromising profitability.

    On the positive side ASB margins has them as a lower risk then BGP (though liquidity could be a reason) and the share price is well supported. Great dividends though even if there is a slight downgrade.

    I feel a delisting in BGP's future. Dividend upgrade and plenty of room for capital growth

  10. #230
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    Quote Originally Posted by percy View Post
    On line sales rose more than 30%.
    Looks as though www.estaronline.com have "done it again" for Briscoes.
    Percy. You’re wasting your time promoting www.estaronline.com. As you and I know it is a very successful unlisted public company but completely ignored except for its clients: ie Briscoes, Rebel Sports, Living and Giving, David Jones, Country Road, Freedom, Bed Bath and Beyond, Witchery, Swanndri, Smith’s City........................just to name a few ��
    SCOTTY

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