HLG - Hallenstein Glasson

[JeremyALD]

Probably but at $3 now that's starting to be factored in. It's dropped some 20% off recent highs

[winner69]

Probably but at $3 now that's starting to be factored in. It's dropped some 20% off recent highs

Be interesting if they reduce the dividend this year

[Beagle]

Probably but at $3 now that's starting to be factored in. It's dropped some 20% off recent highs

Agree to some extent and the currency is starting to be helpful but I still think its the 30% off sale on the shares you want to be chasing mate

[winner69]

Probably but at $3 now that's starting to be factored in. It's dropped some 20% off recent highs

What's factored in at $2.90?

Amazing dividend yield at $2.90 - well over 10%

What do they say about things being too good to be true?

[cyclist]

What's factored in at $2.90?

Amazing dividend yield at $2.90 - well over 10%

What do they say about things being too good to be true?

Like when IQE had a 70% dividend yield shown on the NZX site. Must be a no brainer!

(Not suggesting it is anywhere near that dire though. Might be tempted soon.)

[winner69]

Stats NZ Card Spend for May

Total sales (exc MV related) up 5% on May last year ......but apparel only up a miserable 1.6%

Westpac comment was that the overall momentum in spending is fading

Disappointing H2 coming up for HLG .....esp when you hear the stories coming out of Australia as well

[sideline]

Stats NZ Card Spend for May

Total sales (exc MV related) up 5% on May last year ......but apparel only up a miserable 1.7%

Westpac comment was that the overall momentum in spending is fading

Disappointing H2 coming up for HLG .....esp when you hear the stories coming out of Australia as well

Funny way to twist the news! I read that last month most retail sectors went down somewhat or were flat EXCEPT apparel, which was UP 0.9%!!
Are you having a personal interest in spinning this as a negative for HLG? news here

[Jantar]

Stats NZ Card Spend for May

Total sales (exc MV related) up 5% on May last year ......but apparel only up a miserable 1.7%

Westpac comment was that the overall momentum in spending is fading

Disappointing H2 coming up for HLG .....esp when you hear the stories coming out of Australia as well

This is from the H1 report

"FUTURE OUTLOOK
Total Group sales for the first seven weeks of the 2017 winter season have been encouraging, increasing on last year by 5%. Gross margin continues to show a small improvement over last year. Growth in sales from ecommerce continues to out-perform bricks and mortar, with sales for the first seven weeks of the season up 36%. Each chain is in a strong position going into the key winter trading months."

Would need to be a terrible last few weeks to make that a disapointing H2.

[hey_homes]

My partner reckons Glassons has upped its game in recently. Sounds like they've improved the online side of the operation and have smartened up their inventory from what was apparently a low eb over the last year or so.

[winner69]

Funny way to twist the news! I read that last month most retail sectors went down somewhat or were flat EXCEPT apparel, which was UP 0.9%!!
Are you having a personal interest in spinning this as a negative for HLG? news here

yes, up 0.9% from April on seasonally adjusted basis

I prefer actual numbers - comapred to prior corresponding period - up 1.6%
Data here http://www.stats.govt.nz/~/media/Sta...05-tables.xlsx

Maybe we should seasonally adjust HLG share price - that way its about 320 today (rough est)

No barrow to push - just saying how I see it at the moment