HLG - Hallenstein Glasson

[winner69]

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.

But that 5% for the first 7 weeks of H2 is a lot less than the 9.4% increase in H1

Many were expecting H2 to be pretty good as well and maybe 5% isn't enough.

Retail sales data suggest softening market conditions in NZ - Australia doesn't seem to be on fire either.

Thus relative to many punters expectations I still contend that H2 will be disappointing.

I gather your view of disappointing is different to mine eh

(Note they mentioned 7 weeks - assume to near the end of March - wonder how April and May have gone and how June and July will go (thats 19 weeks we don't know about))

[winner69]

One thing going for HLG is that the nzd:usd is looking better for then it was a few months. Should help margins a bit - at least for the start of F18

[winner69]

One thing going for HLG is that the nzd:usd is looking better for then it was a few months. Should help margins a bit - at least for the start of F18

Looking even better

Another 16/17 cents divie in November

Time to position yourselves to maximise returns

Around $3 seems a great price - probably be heaps more come October

[h2so4]

Looking even better

Another 16/17 cents divie in November

Time to position yourselves to maximise returns

Around $3 seems a great price - probably be heaps more come October

Are there two W69's posting on here?

[Biscuit]

Are there two W69's posting on here?

Yeah, one of them makes the most brilliant posts, the other has no clue

[cyclist]

Yeah, one of them makes the most brilliant posts, the other has no clue

Or one of them has just bought. The other just sold.

[winner69]

Looking even better

Another 16/17 cents divie in November

Time to position yourselves to maximise returns

Around $3 seems a great price - probably be heaps more come October

Potential yield reducing by the week - share price about 310 now

Good yield even at 330/340/350 but better at today's price - even allowing for the waiting time.

[JeremyALD]

I bought back into HLG today. The yield is good, the exchange rate is strong and given the solid interium report and cold weather I'm pretty sure there'll be another good dividend coming end of the year. Happy to buy up around $3. Good support coming in around this level.

[Beagle]

Inclined to agree, currency definitely helping. Chances of seeing $2.70 again anytime soon are looking slimmer and slimmer by the day...
Metservice telling us to brace for two coldest weeks of the year will also help...a really bitterly cold winter, that's something we haven't seen for a few years.

[percy]

Take care
According to www.4-traders.com HLG eps are expected to reduce approx 7% pa for the next two years.