HLG - Hallenstein Glasson

[LaserEyeKiwi]

Market Update:

MARKET UPDATE – SYDNEY & MELBOURNE UPDATE

Hallenstein Glasson Holdings Ltd advises that the Government in New South Wales announced the Greater Sydney lockdown will continue until at least Friday July 30. The 13 Glassons stores in the Sydney area will remain closed until further notice to ensure the safety of our staff and customers.
The Group further advises that the Government in Victoria announced that the state would enter a strict lockdown from Friday July 15, and this has now been extended to 11.59pm on Tuesday July 27. The 13 Glassons stores in Victoria have been and will remain closed for the duration of the lockdown.
As with previous lockdowns there has been an increase in online sales which has helped to lessen the overall sales impact in Australia. All other stores in Australia, including the web, will continue to trade as normal. New Zealand stores are not affected.
The Group will continue to follow advice and monitor the situation closely to ensure an agile approach is taken to reduce any adverse impact on trading and to protect our team and customers.
Stuart Duncan

Group CEO

[Waltzing]

From a 10 year view the chart looks like a sell but from a 6 months view it looks fine.

[Waltzing]

Net Div % starting to look very attractive at these prices again.

[winner69]

Net Div % starting to look very attractive at these prices again.

Be even more attractive when share price reaches 699

[Waltzing]

"699"

Winner(n) the chart shows no sign of dipping that low yet...... certainly would be a very tempting price to increase holdings.

I expect a certain investor representing portfolios to have perhaps purchases at 7.25 today buyers stepping in late in the day pushing back to 7.35.

[nztx]

Have an empty truck waiting - winner

[Snow Leopard]

Have an empty truck waiting - winner

Perhaps you could rent it Mainfreight or the like?

[winner69]

Director Michael Donovan has passed away

Been a Director since 1989

That's some tenure

[BlackPeter]

Director Michael Donovan has passed away

Been a Director since 1989

That's some tenure

Well, I hope this is not related to the board rejuvenation / succession policy they talked about?

[winner69]

Sydney lockdown to go for another 4 weeks …some say it might last to Xmas

No worries —- ScoMo throwing money around like it’s going out of fashion

Glassons do quite well through Oz lockdowns