HLG - Hallenstein Glasson

[JeremyALD]

Australia isn't without well performing apparel stocks though...Noni B for example have their market nailed (although a different-ish market to HLG)...Glassons are performing in Australia...I hate to be sexist but a reduction in spending on clothing doesn't quite equate to a gross reduction in items purchased...it merely moves the spending to a slightly cheaper provider...Glassons are cheap...apparently fashionable...I find that encouraging...but could do with a few more stores out there

Well Glasson AU has been a shambles for a while and last year was the first ok performance. Definitely huge opportunity for Glassons if they can perform as well as New Zealand in terms of NPAT contribution.

[Beagle]

Well Glasson AU has been a shambles for a while and last year was the first ok performance. Definitely huge opportunity for Glassons if they can perform as well as New Zealand in terms of NPAT contribution.

Hits the nail right on the head !

[see weed]

Is the meeting tomorrow? Wonder if it is live on line? Anyone here having breakfast at AGM? We all know it will be good results, so where will sp go?....3.40, 3.50 or 3.60? Or is it already priced in. Doesn't really matter I suppose, as looking forward to nice juicy $21k div and another in about 8 weeks after the holidays. Time to relax for a while and wait for next feed. This is so easy, like taking ice cream from....

[percy]

Is the meeting tomorrow? Wonder if it is live on line? Anyone here having breakfast at AGM? We all know it will be good results, so where will sp go?....3.40, 3.50 or 3.60? Or is it already priced in. Doesn't really matter I suppose, as looking forward to nice juicy $21k div and another in about 8 weeks after the holidays. Time to relax for a while and wait for next feed. This is so easy, like taking ice cream from....

Tomorrow,
9.30 am morning tea with the directors.
10 am the meeting starts.
Speech notes will be released before the meeting starts.

[Kay]

"I am confident that this season will be a success and as Warren stated, net profit could be above the prior summer season by over 50%"

Not too shabby!

[couta1]

Buyers lining up after the AGM speeches, what's not to like, summer sales projected to be up 50% on last year, a company that changes and evolves with the times, a stark contrast to the likes of the Warehouse aye.

[percy]

Buyers lining up after the AGM speeches, what's not to like, summer sales projected to be up 50% on last year, a company that changes and evolves with the times, a stark contrast to the likes of the Warehouse aye.

I do not see the momentum slowing down anytime soon.
"Well positioned."..lol.

[Joshuatree]

Buyers lining up after the AGM speeches, what's not to like, summer sales projected to be up 50% on last year, a company that changes and evolves with the times, a stark contrast to the likes of the Warehouse aye.

I was at the warehouse yest and was a little stunned at seeing near identical clothing designs there, smacks of desperation and so blatant.

[Beagle]

CEO Address http://nzx-prod-s7fsd7f98s.s3-websit...854/271675.pdf Strong growth in gross profit, strong growth in sales. Sales YTD up more than recently updated, very sound business strategy augers very well indeed for the future.
Chairman's address http://nzx-prod-s7fsd7f98s.s3-websit...854/271674.pdf

I really like their extra emphasis on new digital marketing strategies and I know we all think the Glassons website as an example of that is very attractive indeed. Shareholders are very well positioned !!

[James108]

Online sales from 9% to 12% on increasing total sales. Very impressive.