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13-03-2018, 08:49 AM
#1981
Originally Posted by Raz
It would be a day to celebrate... a NZ company finally get it right in Australia..we will wait and see :-)
Now sold down to a decent parcel however would not get carried away on this stock...one factor is lack is scale.
H & M I hear is doing well in NZ so speculation on that is..gross speculation.
I wouldn't be too concerned about any perceived lack of scale. HLG is doing nicely within its "own skin" with steady, planned growth. Scale doesn't always mean too much - witness WHS, Myer, etc.
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13-03-2018, 09:22 AM
#1982
A classic buy and hold while the cycle is running up, see where things are at in a couple of years, in the mean time just watch the SP climb and collect the big divvies.
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13-03-2018, 09:36 AM
#1983
Originally Posted by macduffy
I wouldn't be too concerned about any perceived lack of scale. HLG is doing nicely within its "own skin" with steady, planned growth. Scale doesn't always mean too much - witness WHS, Myer, etc.
I'm with you on this McDuffy. On my Melbourne "Feild trip" the prominent shopping bags were Top man, Glassons and H&m. Topman came with much pomp and ceremony a few short years ago and is now toast. Their store is significant with multi levels. H& m have a similar size area that takes up a small entire block with multi levels. hlg here is your more typical "mall" shop. It seems to me anything with such a large physical footprint in this slick online era is the modern dinosaur. Add to Mcduffys list of Myer, Whs, ...Topman, and I'll bet H&m.
Hlg have gone the other way and split Glassons away from Brothers. They seem To be the new "mammal" in this environment "small and neat" with an excellent online platform. The only caveat to this is managing to attract the punters in but from my two day observations hlg are somehow pulling it off.( and without discounting)
If Hlg starts increasing its physical store sizes significantly then I will be first down the escalators and out the multiple exit doors.
Last edited by Maverick; 13-03-2018 at 09:39 AM.
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13-03-2018, 09:46 AM
#1984
Last edited by Beagle; 13-03-2018 at 09:48 AM.
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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13-03-2018, 10:23 AM
#1985
Originally Posted by Maverick
If Hlg starts increasing its physical store sizes significantly then I will be first down the escalators and out the multiple exit doors.
And I will be right behind you.!
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13-03-2018, 11:23 AM
#1986
Member
Originally Posted by percy
And I will be right behind you.!
Seen the Lambton Quay store .... ??
A. A monster
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13-03-2018, 11:35 AM
#1987
Originally Posted by jg8512
Seen the Lambton Quay store .... ??
A. A monster
Luckily no.lol.
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13-03-2018, 12:35 PM
#1988
Originally Posted by macduffy
I wouldn't be too concerned about any perceived lack of scale. HLG is doing nicely within its "own skin" with steady, planned growth. Scale doesn't always mean too much - witness WHS, Myer, etc.
It does if you end up in a retail war in Aussie..
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13-03-2018, 12:51 PM
#1989
Originally Posted by percy
Luckily no.lol.
Even has an escalator ..or two
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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13-03-2018, 01:06 PM
#1990
y
Originally Posted by winner69
Even has an escalator ..or two
Sounds very much like their central ChCh store.
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