HLG - Hallenstein Glasson

[winner69]

TMaybe when they issue the real Interim Report they will say something about why Glassons Australia sales were up 16% but profit was down 12%

No comment in the brief results announcement

Not much point in having strong sales growth if profit goes backward.

[pg0220]

TMaybe when they issue the real Interim Report they will say something about why Glassons Australia sales were up 16% but profit was down 12%

No comment in the brief results announcement

Not much point in having strong sales growth if profit goes backward.

I think it is due to the lower margin due to weaker NZD and even weaker AUD impacting foreign exchange when brought into NZD.

[winner69]

I think it is due to the lower margin due to weaker NZD and even weaker AUD impacting foreign exchange when brought into NZD.

Maybe part of it but expenses increased at a greater rate than sales ..not good

Half Year Report might give an indication of forex impacts but there was a significant movement in cash flow hedges value showing up in Other Comprehensive Income whatever that means

[Beagle]

Ultra low mortgage rates, (massive fall last week) will leave stretched consumers with more money in their pockets as will cuts to the OCR this year.
Wages up yes, and prices will also need to rise for all sorts of basic items, even for things like doggy day care

[percy]

Just keep a watch full eye the currency.
Higher NZ $ works for HLG.
Lower NZ $ works against HLG.

I think I read the NZ $ is expected to weaken.

[Beagle]

Forecasting currency movements is like forecasting the weather lol

[couta1]

Just keep a watch full eye the currency.
Higher NZ $ works for HLG.
Lower NZ $ works against HLG.

I think I read the NZ $ is expected to weaken.

It's also expected to rain again later this week.Lol

[King1212]

Settle down people..last one bikini now weather to be blamed....

[percy]

Forecasting currency movements is like forecasting the weather lol

Always pays to check the weather before going out boating.
Always pays to be mindfull of the currency when investing.

[couta1]

Always pays to check the weather before going out boating.
Always pays to be mindfull of the currency when investing.

I don't invest based on currency but rather proven long term fundamentals, the growth potential of the company, it's proven long term dividend payment history and the quality of it's top 20 shareholders.