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02-05-2017, 09:26 AM
#1251
Originally Posted by Roger
Hi mate,
Clear break down through the 100 day MA at $3.20. I am becoming concerned that technically this looks set to go down under $3 again. Weaker currency won't be helping. Sales for first seven weeks of new season up 5%, prior to that they were up close to double digits. Lots of water to flow under the bridge between now and December. I still hold some and I'll be back for a bigger holding later
Let me know when you decide to go back in
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02-05-2017, 11:12 AM
#1252
Originally Posted by percy
The chart looks very positive.
The $3.40 resistance level now looks as though it will become the suport level.
The share price is in a very strong uptrend,so we remain "well positioned".
Very good comment...2/4/17.
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02-05-2017, 11:14 AM
#1253
Originally Posted by percy
Winter clothing sales/margins should be better than Summer.
HLG enjoyed a very strong first half,and I would expect the momemtum to continue,although retail is patchy at present.
W69 Our Westfield Riccarton LOV shop was only shut for a few days for remodelling.
Busy as,in fact they are so busy I can't get in the store to check it out.Now that's busy.!
Very good again..11/4/17
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02-05-2017, 11:15 AM
#1254
Originally Posted by percy
There is a Buffett saying that goes something like this;
When people with a good reputation join a business with a poor reputation,it is the business that retains its reputation.
HLG were very pleased to have her back.The results she has achieved, prove HLG were right.
Very good again....12/4/17
Last edited by see weed; 02-05-2017 at 11:22 AM.
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02-05-2017, 11:19 AM
#1255
Originally Posted by percy
I sold the balance of our HLG holding on 26-4-2017,as I think retail is starting to really struggle again.
W69 our little gem LOV [asx] came out with a great profit upgrade today,so still the odd retailer doing well.It is the only retailer I hold and I only have a small holding.
Very very good...1/5/17.
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02-05-2017, 11:42 AM
#1256
My many contacts in retail,wholesale, and company reps, keep me ahead of the field.!!
It is the way I keep myself "well positioned."
Patchy turned to big slow down.Will be a very long unprofitable winter for most retailers.
Margins will be given away for revenue.
Last edited by percy; 02-05-2017 at 12:02 PM.
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02-05-2017, 12:09 PM
#1257
Originally Posted by percy
My many contacts in retail,wholesale, and company reps, keep me ahead of the field.!!
It is the way I keep myself "well positioned."
Patchy turned to big slow down.Will be a very long unprofitable winter for most retailers.
Margins will be given away for revenue.
The thing is, one bad season is worth what 5 to 10 cps in earnings? Doesn't really bother me unless it is indicative of a bigger problem.
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02-05-2017, 12:25 PM
#1258
Originally Posted by percy
My many contacts in retail,wholesale, and company reps, keep me ahead of the field.!!
It is the way I keep myself "well positioned."
Patchy turned to big slow down.Will be a very long unprofitable winter for most retailers.
Margins will be given away for revenue.
Thank you for sharing your info with us. Have sold a few myself in last couple of weeks, but am ready to buy back in, if over sold. I have an order in at 2.95, but will see how it goes.
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02-05-2017, 12:44 PM
#1259
Originally Posted by see weed
Thank you for sharing your info with us. Have sold a few myself in last couple of weeks, but am ready to buy back in, if over sold. I have an order in at 2.95, but will see how it goes.
Retail can be fickle.For the past 6 years or more I have been very negative on all retail stocks,and for years warned of the Postie Plus disaster.
HLG is very well managed,but when NZ $ goes lower, margins are affected.When retail slows down retailers have to discount to stay in business.And that staying in business for most retailers is a very real struggle. So HLG will need to react to other retailers discounting,or go backwards.
More general I notice the lowering of standards in Malls.More and more $2 type shops,sounds big warning bells to me.
HLG have openned a new flag ship store in central ChCh.With road works and road closures, I have not been bothered to go and look at it.Big lack of parking and parking buildings add to the challenges .From what I read and hear, a lot of ChCh central retailers are going broke very quickly.
Last edited by percy; 02-05-2017 at 12:45 PM.
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02-05-2017, 01:27 PM
#1260
Originally Posted by percy
Retail can be fickle.For the past 6 years or more I have been very negative on all retail stocks,and for years warned of the Postie Plus disaster.
HLG is very well managed,but when NZ $ goes lower, margins are affected.When retail slows down retailers have to discount to stay in business.And that staying in business for most retailers is a very real struggle. So HLG will need to react to other retailers discounting,or go backwards.
More general I notice the lowering of standards in Malls.More and more $2 type shops,sounds big warning bells to me.
HLG have openned a new flag ship store in central ChCh.With road works and road closures, I have not been bothered to go and look at it.Big lack of parking and parking buildings add to the challenges .From what I read and hear, a lot of ChCh central retailers are going broke very quickly.
Hmmm and the discounting is big. As I said Hallensteins has sent me numerous offers in the last two month including two 45% off everything vouchers. I use those vouchers to buy things with lower margin like shoes. That's some big discounting where they can't be making much.
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