HLG - Hallenstein Glasson

[sb9]

This outfit blames 'competitors' for its demise. Hallensteins only have a few stores in OZ so not their fault .....but heck what an opportunity for Hallensteins as Ed's customers have to go somewhere for their pants and shirts eh. Good news

Almost 500 jobs gone as Ed Harry becomes the second major menswear chain to shut down in recent months
https://www.smartcompany.com.au/indu...rce=newsletter

I'm expecting a slightly better trading update next week and positive tone going forward.

[carrom74]

I'm expecting a slightly better trading update next week and positive tone going forward.

I concur... today's rise(though on small volumes) is backed up by BGR's good results.Never know until we see it.

Last year's Feb update came on a friday so not far....

[percy]

I did note BGR's online sales were up an incredible 27%.
HLG have been growing their online sales well too over the past few years,so I look forward to seeing whether that momentum is continuing.

[carrom74]

Its all good then.. The good story continues...even when the rest are falling..

http://nzx-prod-s7fsd7f98s.s3-websit...504/294845.pdf

[couta1]

Its all good then.. The good story continues...even when the rest are falling..

http://nzx-prod-s7fsd7f98s.s3-websit...504/294845.pdf

Just as I thought, never sold one single share and shut the naysayers out.Lol

[sb9]

Its all good then.. The good story continues...even when the rest are falling..

http://nzx-prod-s7fsd7f98s.s3-websit...504/294845.pdf

Agree 100%, they seem to weather all doom and gloom with their performance. Looking forward to results in March and juicy divvy to follow.

[pg0220]

Groups sales up by 3.1%, but the NPAT up by 6% even under the margin pressure. Simply a good company under good management.

[Onion]

Agree 100%, they seem to weather all doom and gloom with their performance. Looking forward to results in March and juicy divvy to follow.

Profit increasing at a faster rate than sales - can't argue with that.

[percy]

Profit increasing at a faster rate than sales - can't argue with that.

Very positive.

[BlackPeter]

Pretty spectacular results in an otherwise troubled industry. Credits to their management and their believers.

Based on these numbers is HLG in my spreadsheets turning "green" again ... though just. The million dollar question is - are they able to continue growing in the next handful of years or is the reduced growthrate only an indication that we are reaching the (revenue and earnings) peak?

I don't know the answer and feel at this stage still quite comfortable that I sold out closer to the previous share price peak.