sharetrader
Page 1 of 899 123451151101501 ... LastLast
Results 1 to 10 of 8982
  1. #1
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,221

    Default HLG - Hallenstein Glasson

    Another retailer has issued a profit downgrade

    The Directors advise that group sales for the key trading period of December and early January have been equal with last year. This represents an improvement on the trend of -2% advised to the market 11th December 2006.

    Total group sales for the period 2 August 2006 to 22 January 2007 are -1% on last year, with same store sales -7%, which reflects a challenging summer season due to unfavorable weather conditions for apparel.

    Stock levels are well controlled, and the company is well positioned to move forward into the new winter season.

    Net profit after tax for the full 6 months to 1 February 2007 is projected to be in the range $9.8 to $10.0 million, down approximately -10% on the prior year ($10.9 million).

    I'm a long term holder of HLG, so not too worried by this announcement as HLG is still a very well run company
    Death will be reality, Life is just an illusion.

  2. #2
    Member TheBossMan's Avatar
    Join Date
    Jan 2003
    Location
    , , .
    Posts
    122

    Default

    Is their profit margin going down?

  3. #3
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,221

    Default

    quote:Originally posted by TheBoss

    Is their profit margin going down?
    Is sales are down 1% and profit is down 10%, then it possibly is. Then again, they say that stock levels have been controlled, so the margin may not be that much down.

    I guess we have to wait until the end of march for the announcement...
    Death will be reality, Life is just an illusion.

  4. #4
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    quote:Originally posted by Steve

    quote:Originally posted by TheBoss

    Is their profit margin going down?
    Is sales are down 1% and profit is down 10%, then it possibly is. Then again, they say that stock levels have been controlled, so the margin may not be that much down.

    I guess we have to wait until the end of march for the announcement...
    Just from the ann one would have say that profit margin down from 11% to 10%

    What has happened to Gross Margins we will have to wait and see

    If there is a concern it has to be the 7% decline in same store sales ..... that's some fall
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #5
    Member
    Join Date
    Mar 2002
    Location
    dunedin, , New Zealand.
    Posts
    241

    Default

    currently down to 500, down 12 cents, on a grand volume of 984 shares.
    i see that there already buyers at 501 and 502, but the nearest seller is 512.
    this stock is sufficiently bouncy to make a good trade stock, but am currently happy as a long-term holder also.

  6. #6
    Member
    Join Date
    Mar 2002
    Location
    dunedin, , New Zealand.
    Posts
    241

    Default

    not sure that the words above are all that sensible!
    hlg has had an extraordinary go-nowhere 12 months.
    a couple of big bounces outside the range of 490-530.
    the div is 6.8%, p/e is 14 which make it an ok hold, but would like to see some steady progress.

  7. #7
    Member
    Join Date
    Mar 2006
    Location
    Auckland, New Zealand.
    Posts
    256

    Default

    quote:Originally posted by scamper

    the div is 6.8%, p/e is 14 which make it an ok hold ...
    The historic P/E and yield are 14 and 6.8%. But looking at numbers rather than ratios, earnings were 36.62c per share and the dividend was 35c per share - a payout ratio of 95%.

    I don't place much faith in brokers' forecasts, but those I have seen indicate earnings marginally below last year. After a first half that was down approximately 10% on the prior year, there's an expectation of some recovery built into those forecasts for the second half. It wouldn't take too much of a slip for the dividend to be chopped, and the P/E to move up into the expensive range.

  8. #8
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Breaking the support level may not be particularly significant in the context of today's market?

  9. #9
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,221

    Default

    It has closed back at the $3.60 level. We will know next week if it holds...
    Death will be reality, Life is just an illusion.

  10. #10
    Member
    Join Date
    Oct 2006
    Location
    Hamilton, , New Zealand.
    Posts
    49

    Default

    My feeling is that as retailing gets tougher as the housing market recedes over the next year stocks like HLG and HBY and even CAV will become even better buys for the next up-cycle. No hurry to jump in.
    Hommel

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •