HLG - Hallenstein Glasson

[Investor]

Don't blame yourself ... buying at the top is one of these things everybody can see so much better with 20/20 hindsight ;

Learn from your mistakes

[winner69]

You position on this one is as changeable as the wind. BP good to see you comments.

Not that often mate

Been a believer for a few years and company performance followed but believe macro environment has changed and things might not be as favourable for HLG in the next year.

Essentially traded these up from about 270 so done OK

Suppose you are out at the moment ...when is the wind going to change for you?

[Beagle]

Percy mentioned noodles analysis on how fx impacts HLG margins

That was his post from July 2015

New CEO now and much less discounting makes that post almost irrelevant in my opinion. This time it really is different as witnessed by margin and dramatic profit expansion in Australia, something that wasn't even on the radar in 2015.

[percy]

New CEO now and much less discounting makes that post almost irrelevant in my opinion. This time it really is different as witnessed by margin and dramatic profit expansion in Australia, something that wasn't even on the radar in 2015.

Really.////////???????????????
Pleased it is different this time.
Petrol prices tell me it is no different......................................... ...........................

[winner69]

Really.////////???????????????
Pleased it is different this time.
Petrol prices tell me it is no different......................................... ...........................

High fuel costs often puts a damper on retail activity eh percy

[percy]

High fuel costs often puts a damper on retail activity eh percy

Yes in number of ways.
Imported stock costs more,and you can not increase certain price points,without killing sales.
Freight and delivery charges increase.
Higher fuel costs mean customers have less to spend.etc etc.

ps.Great for exporters.

[couta1]

You guys are only guessing, you have no idea of what sort of growth is going to come out of the Aussie operation over the next while. PS-Higher fuel costs can also lead to a certain % of the population using alternative methods of transport and shouting themselves a nice piece of kit from HLG lol.

[BIRMANBOY]

Learn from your mistakes

Good in theory... problem is that with a complex environment like the share market, most mistakes are characterized by different sets of contributing factors. Good luck LOL.

[Raz]

Not that often mate

Been a believer for a few years and company performance followed but believe macro environment has changed and things might not be as favourable for HLG in the next year.

Essentially traded these up from about 270 so done OK

Suppose you are out at the moment ...when is the wind going to change for you?

No guessing her Couta, that is what changed for me...those in the middle are going to see their disposable incomes squeezed, need to be one of the chosen ones...those teacher and nurses will need their lofty pay hopes realised so someone in the middle has the disposable income to buy.

I have cashed up most NZ shares as a result of micro and macro changes here and as I have not been as watchful of late...

Forex, inherent limitations to hedging, pay parity claims, the living wage for some and I think inflation revisited certain does not help the average battler..only the stars will do well and they do not spend all that much at HLG.

My largest asset, a private business in the US has a windfall gain thanks to Trumps tax cuts so doubling down my energy on that one and partly selling out, nice to see the business revalued :-) They tell me fiscally the tax will have to be reverse in 3-5 years through. That Trump is a winner... ah winner? :-)

[couta1]

Good in theory... problem is that with a complex environment like the share market, most mistakes are characterized by different sets of contributing factors. Good luck LOL.

Well said, the share market always has more lessons to teach us, just when we think we have it sussed, we find we haven't.