HLG - Hallenstein Glasson

[Getty]

A lot of nudie colonies are nowhere near the beach, but I take your point.

However, a lot of yobbos get thru summer with just 2 pairs of rugby shorts, and 3 or 4 singlets/tee shirts, from last year.
If it wasnt for their women buying them some undies for Xmas/birthday, they wouldnt even have those.

Not good for HLG business.

[winner69]

Stats NZ Retail sales data Sept quarter

Clothing etc sector sales up 40% on prev quarter

Wow ...and that period includes the first 2 months of HLG financial year

[Balance]

Stats NZ Retail sales data Sept quarter

Clothing etc sector sales up 40% on prev quarter

Wow ...and that period includes the first 2 months of HLG financial year

Stunning numbers really for retail and according to ASB, Dec quarter has been a boomer so far as well.

We could be in for a very pleasant surprise with HLG’s F21 sales, profits & dividends.

“NZ retail data yesterday posted the expected record-breaking recovery from Q2’s weakness, but it turns out the Q3 bounce was even stronger than expected at a whopping 28% for the quarter (+19% expected).

The strength was broad-based across industries and regions.

Early signs suggest this strong pace of retail momentum has continued into the December quarter, no doubt thanks in part to the hot housing market.”

[winner69]

and Aussies pretty keen buying stuff as well - esp Victorians and Glassons have a few key stores in Victoria - probably busy as

[Beagle]

stats nz retail sales data sept quarter

clothing etc sector sales up 40% on prev quarter

wow ...and that period includes the first 2 months of hlg financial year

Wow !!!!!!! That augers well for the December sales update coming and let's not forget that juicy 24 cent dividend next month. Happy days

[jimdog31]

and Aussies pretty keen buying stuff as well - esp Victorians and Glassons have a few key stores in Victoria - probably busy as

There you go winner 👍

[winner69]

There you go winner 👍

..and share price heading to $7.50

[Balance]

Wow !!!!!!! That augers well for the December sales update coming and let's not forget that juicy 24 cent dividend next month. Happy days

$6.55 ATH.

So let's do some sums and see what one gets when investing in HLG at $6.55 :

1. 24c fully imputed dividend so effective price is actually $6.31

2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31

3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31

I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00


Dreaming or are we on the way there?

[pierre]

$6.55 ATH.

So let's do some sums and see what one gets when investing in HLG at $6.55 :

1. 14c fully imputed dividend so effective price is actually $6.31

2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31

3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31

I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00


Dreaming or are we on the way there?

We're certainly heading in that direction - will be interesting to see whether we actually arrive at that destination.

(Note there's a typo in your point 1. - should be 24c dividend.)

[Beagle]

$6.55 ATH.

So let's do some sums and see what one gets when investing in HLG at $6.55 :

1. 24c fully imputed dividend so effective price is actually $6.31

2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31

3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31

I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00


Dreaming or are we on the way there?

Worth noting you are talking net yield. 50 cps (which looks like a fairly safe assumption to me) gives 69.44 cps gross. A 7.5% gross yield suggests to me that 69.44 / 0.075 = $9.26 is certainly not out of the question in terms of what still gives investors a solid 7.5% gross yield.

The risk apparent to me (for those who recently sold), is where else are you going to get a better yield than that and also one that might grow as Glassons Australia continues to grow ?