HLG - Hallenstein Glasson

[winner69]

Stats NZ Card Spend July month

Apparel sales down 3.0% on Juy last year. Sales last 12 months 9.0% on pcp

HLG second half is Feb/July period -- Card sales down 5% on pcp in this period - probably an indication of how NZ sales have gone

I find this an interesting chart re NZ retail activity - much different from the Australia view

[winner69]

Retail Sales for May ex Australia Stats

Clothing sector still on fire

May sales up 14% on last year. Last 4 months (HLG H2 so far) sector sales up 15% on last year

So Glassons AU sales booming --- for H2 maybe +20% being market growth plus more share gains

Even if NZ still struggling HLG group H2 sales will be very very good

Winner has RAISED his F22 profit forecast to $28m/$30m

Seems HLG need to make an announcement to the market soon

Nice chart shows how the market Glassons AU are in is on fire ...Aussies buying clothes big time

I got a bit carried away a while ago with that forecast but HLG ending up 24m to 25m is a pretty solid effort

Been a good second half

http://nzx-prod-s7fsd7f98s.s3-websit...702/377682.pdf

[Biscuit]

I got a bit carried away a while ago with that forecast but HLG ending up 24m to 25m is a pretty solid effort

Been a good second half

http://nzx-prod-s7fsd7f98s.s3-websit...702/377682.pdf

Still down nearly 30% on last year, so not that solid.

[LaserEyeKiwi]

I got a bit carried away a while ago with that forecast but HLG ending up 24m to 25m is a pretty solid effort

Been a good second half

http://nzx-prod-s7fsd7f98s.s3-websit...702/377682.pdf

Yup, revenue up 6.6% year on year for the last 6 months - not too shabby. They have an easy compare for the next 6 months given what happened last year, so trailing 12 month earnings will look pretty much back to normal 6 months from now (“Normal” as in not impacted from covid closures etc).

[winner69]

Margins / expenses must be under pressure

2nd half sales up $11.8m (6.6% they say) on pcp but profit down $0.5m

"nd half result does signal a better F23 .... that's good

[Rawz]

I still don’t understand why this is trading on such a high multiple compared to the other retailers?? Never have. Beagle use to say the potential of Aussie… hmmm

Anyways this was all expected. They said after last years results that this year would be a dud. And a few of us sold on the back of that commentary

[winner69]

Looks like HLG have come out of the pandemic problems sales wise OK ..... annual sales higher than pre-covid trend suggested they might be at this time

[Rawz]

W69 we can expect HLG sales to fall back to trend over time ay

[winner69]

W69 we can expect HLG sales to fall back to trend over time ay

Could do but last few months of F22 being up so much is a sign that current growth is higher than pre-covid .... the Glassons AU effect?

Aussie market still doing quite well ..... but NZ has always been a dog for HLG

[Waltzing]

Is there still legs to the stimulus in AUS. What is inflation doing in AUS.

Winner is bang on the money that AUS is the key to HLG and perhaps a vibrant AUS will flow over into NZ tourism.

FLT is seeing a big boast last Q in travel.

Preso of FLT out yesterday... big read with lots of numbers ...

PowerPoint Presentation (iress.com.au)