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04-09-2018, 04:06 PM
#2581
Originally Posted by Beagle
Posted 30/8/18
Now we know. Exchange rate 65 point something certainly doesn't help either. Fair value...who knows ?, certainly not me.
No worries, just hold them.PS-You never know they may yet buy more, Im keen for more if it drops below $5.50.
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10-09-2018, 07:13 PM
#2582
As the NZ continues to slip slide away Cameron Bagrie talking margin squeeze. One of his tweets
Retailers are set for a tough Xmas. Lower NZD/USD lifts import prices and good luck passing on a 10% or so price rise. #marginsqueeze
My experience says that retailers also have a demand problem as NZD drops - higher costs for consumers (petrol etc) means less overall spend
Can HLG manage a drop in demand along with a margin squeeze
Last edited by winner69; 10-09-2018 at 07:15 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-09-2018, 07:41 PM
#2583
And you have not added in rent increases,insurance increases,power increases or wage increases.
Best to leave any IT upgrade to another year.
Problem of trying to maintain market share, means increased advertising expenditure.
Just as well their online sales have gained momentum,however higher prices there, will also affect demand.
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10-09-2018, 08:19 PM
#2584
Yes prices are highly pressured in clothing. I inadvertently see online clothes shopping on the partners laptop. so much cheap stuff! So I am glad I reduced to half the position at 6.30 but would go back in at 5. Still near on 5% of equity portfolio. Back winners.
For clarity, nothing I say is advice....
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10-09-2018, 09:46 PM
#2585
Originally Posted by peat
Yes prices are highly pressured in clothing. I inadvertently see online clothes shopping on the partners laptop. so much cheap stuff! So I am glad I reduced to half the position at 6.30 but would go back in at 5. Still near on 5% of equity portfolio. Back winners.
So glad I haven't reduced any, still at 30% of portfolio and no intention of reducing, let's see how their Aussie growth goes.PS-Take a lot of this social media crap with a large grain of rock salt, the same goes for doom and gloom news items.
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12-09-2018, 10:54 AM
#2586
More good news Couts
Retail Card Spend for August showed Apparel sales up 0.6%
Not up much relative to other groups but still up
So with HLG stores growing market share they must be doing more than OK
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-09-2018, 11:14 AM
#2587
Originally Posted by couta1
So glad I haven't reduced any, still at 30% of portfolio and no intention of reducing, let's see how their Aussie growth goes.PS-Take a lot of this social media crap with a large grain of rock salt, the same goes for doom and gloom news items.
That Glassons store in Queenstown looks pretty fancy mate and Hallenstein's store also a superb locality. Pity neither sells anything that improves my skiing ability
Currency shaping up as a genuine headwind for FY19.
Last edited by Beagle; 12-09-2018 at 11:17 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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12-09-2018, 11:23 AM
#2588
Don't worry about skiing.
The important thing in Queenstown is to look the part.
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12-09-2018, 11:24 AM
#2589
Originally Posted by Beagle
That Glassons store in Queenstown looks pretty fancy mate and Hallenstein's store also a superb locality. Pity neither sells anything that improves my skiing ability
Currency shaping up as a genuine headwind for FY19.
Haven't got any HLG shares... So no help there... As far as the skiing goes... Just remember the old saying.... If you're not falling over your not trying hard enough... I try very hard all the time!!!! 🤗
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12-09-2018, 11:46 AM
#2590
Originally Posted by Benny1
Haven't got any HLG shares... So no help there... As far as the skiing goes... Just remember the old saying.... If you're not falling over your not trying hard enough... I try very hard all the time!!!!
As Couta1 will attest, I did a very good impersonation of an emperor penguin doing a belly flop at one point lol
That currency a bit of a worry...could be heading down to 62 cents as ANZ have forecasted
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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