HLG finished 2020 @ $6.65 and at the time of posting is $7.37. Add the 23 cent fully imputed dividend paid in April and they're up 72 cents + 23 cents = 95 cents / $6.65 = 14.3%.
HLG is my preferred retail holding but I also have a sizeable stake in WHS.
Briscoes trading at 18 times last years earnings is not my cup of tea in terms of application of fresh capital at the current price, but well done to holders.
Last edited by Beagle; 02-06-2021 at 01:49 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
HLG finished 2020 @ $6.65 and at the time of posting is $7.37. Add the 23 cent fully imputed dividend paid in April and they're up 72 cents + 23 cents = 95 cents / $6.65 = 14.3%.
HLG is my preferred retail holding but I also have a sizeable stake in WHS.
Briscoes trading at 18 times last years earnings is not my cup of tea in terms of application of fresh capital at the current price, but well done to holders.
Thank you for correcting my bad
Still seems to be the laggard ....but betting on the laggards often best way to go - like the Dogs of the Dow
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Briscoes - A prime candidate for monthly consolidation.
Just a brief one. Briscoes has set a monthly higher low for 13 (going on 14... maybe) months in a row. We just broke resistance to all time highs, but immediately got shut down. We are in a rising wedge, indicating bulls can't get much follow through on resistance breaks. This all points to a strong likelihood of a healthy pullback on the monthly timeframe. Watch for a break of $5.60 & weekly 12EMA to confirm. Still strongly bullish down to around the monthly 12EMA ~$5.00.
Given a 'best in breed' status I wouldn't expect any monthly pullback to be too large, however do expect it to trend more or less sideways for quite a period.
Look at performance over past 52 weeks and the picture changes substantially.
MHJ 149%
HLG 113%
BGP 82%
WHS 67%
KMD 41%
Not sure who can really claim best-in-category over these relatively short periods but it's clear the category has been a good place to be.
Interesting. Just had a quick look at the two year picture and it looks like BGP outperforms them all. It didn't tank as hard with Covid so the 1 year recovery isn't as pronounced.
Do the others pay good dividends? I can't say I have reviewed them for many a year. Just a long term BGP holder.
But like you noted, retail stocks have performed pretty well over the last wee while all things considered.
Those figures and positive comments about improved margins and stock on to hand to get through the year should see share price go well over 6 bucks next week
Very encouraging sales figures showing the retail sector is on fire.
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
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Originally Posted by bull....
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