HLG - Hallenstein Glasson

[850man]

Back to matters HLG - I've made couple of orders via there online system during the past month. The website worked really well for me and delivery was 4 and then 2 business days. I'm a happy customer I have to say :-)

[Onion]

Not a problem yet,as my computer has the time on it,as has my car.Just have to do the mental adjustment as the car's time is three hours out.

You’ll just have to buy a new car.

[Waltzing]

prehaps percy is far wiser than us all. I once met an accountant recently who still kept all time sheets on a card. I realised the clients never asked him to account for his time. Pick a number and charge a fee. All those computer time and costs print outs in the 1980s were a complete waste of time. Percy knows most comsumption is for the birds.

[sb9]

Added a moderate holding this morning on the back of strong NZD and economy at Lvl 1...

[Cyclical]

Added a moderate holding this morning on the back of strong NZD and economy at Lvl 1...

I seem to be adding to my holding too. These are starting to look cheap relative to a lot of stocks IMO. They'll be back to paying a pretty good divvy before too long and will start to catch the attention of TD money looking for a more attractive yield.

[Waltzing]

stocks dont always just go up....well i hope for those who have bought up here the stock holds firm.

[sb9]

I seem to be adding to my holding too. These are starting to look cheap relative to a lot of stocks IMO. They'll be back to paying a pretty good divvy before too long and will start to catch the attention of TD money looking for a more attractive yield.

NZD around 65c USD is good spot for companies like HLG especially given low interest rates we live in currently. Add to that the divvy yield, should that be forthcoming later in the year.

[percy]

Take care.
Some very disturbing comments from MAX fashions,with regard to landlords not looking at longer term rent reductions.
Appears the temporary Virus reductions, although positive, do not take into account the ongoing issues ALL retailers face.
I have often stated Mall landlords are near impossible to deal with.They have not faced up to the new retail environment.I expect a great number of retail failures, and a growing number of empty shops.
In the past HLG have often bemoaned excessive rentals,and I expect that has been the big driver of them embracing the online channel,which they are very good at.

[sb9]

Take care.
Some very disturbing comments from MAX fashions,with regard to landlords not looking at longer term rent reductions.
Appears the temporary Virus reductions, although positive, do not take into account the ongoing issues ALL retailers face.
I have often stated Mall landlords are near impossible to deal with.They have not faced up to the new retail environment.I expect a great number of retail failures, and a growing number of empty shops.
In the past HLG have often bemoaned excessive rentals,and I expect that has been the big driver of them embracing the online channel,which they are very good at.

Thanks for the word of caution percy, will keep an eye out.

[Cyclical]

Take care.
Some very disturbing comments from MAX fashions,with regard to landlords not looking at longer term rent reductions.
Appears the temporary Virus reductions, although positive, do not take into account the ongoing issues ALL retailers face.
I have often stated Mall landlords are near impossible to deal with.They have not faced up to the new retail environment.I expect a great number of retail failures, and a growing number of empty shops.
In the past HLG have often bemoaned excessive rentals,and I expect that has been the big driver of them embracing the online channel,which they are very good at.

So true and it's in the back of my mind. But I think HLG will be better placed to handle it than most, and if some of the competition falls away, then it will only leave them better positioned.