HLG - Hallenstein Glasson

[Beagle]

veracity (vɛˈræsɪtɪ)
2. precision; accuracy

No question their stock management has been run with a great deal of precision and accuracy over the years. Stock turn is best of breed in the industry by miles so purchasing and sales execution has obviously been managed with a high degree of precision and accuracy even if as Snoopy suggests stock might be bought from cheap Bangladesh sources where minimum N.Z. labor rates aren't paid. Dividends are awesome and reliable too
Disc: Holding for reliable and strong dividend yield and accept that almost all multinational companies source product as efficiently as possible.

[JeremyALD]

Good result, but certainly challenges ahead into the next financial year. You've got to say though, the dividend yield is a stand out and they have maintained this for a very long time.

[Snoopy]

No question their stock management has been run with a great deal of precision and accuracy over the years. Stock turn is best of breed in the industry by miles so purchasing and sales execution has obviously been managed with a high degree of precision and accuracy even if as Snoopy suggests stock might be bought from cheap Bangladesh sources where minimum N.Z. labor rates aren't paid.

I don't think the Tearfund report suggested HLG wasn't paying an NZ living wage in Bangladesh. My impression was that they were not paying enough for a peasant to live on in Bangladesh even with third world living costs.

Dividends are awesome and reliable too
Disc: Holding for reliable and strong dividend yield and accept that almost all multinational companies source product as efficiently as possible.

Ah so the dividend money justifies the means, and because almost everyone else is doing it it must be OK. Gotcha.

SNOOPY

[Kay]

I don't think the Tearfund report suggested HLG wasn't paying an NZ living wage in Bangladesh. My impression was that they were not paying enough for a peasant to live on in Bangladesh even with third world living costs.



Ah so the dividend money justifies the means, and because almost everyone else is doing it it must be OK. Gotcha.

SNOOPY

Im sure one could debate the ethics of almost every item they buy within the supply chain of food/clothing/electronics/building materials etc. And if you were to take a stand on everything you might find yourself hungry and homeless quite quickly!

Whilst I would agree not perfect and ethics are personal to everybody..."Glassons has continued to improve to a B- from a C+ last year and a D- in 2015"...progress if something?

[Beagle]

I don't think the Tearfund report suggested HLG wasn't paying an NZ living wage in Bangladesh. My impression was that they were not paying enough for a peasant to live on in Bangladesh even with third world living costs.



Ah so the dividend money justifies the means, and because almost everyone else is doing it it must be OK. Gotcha.

SNOOPY

Haven't really got time to play tug of war over this bone with you at the moment but B- doesn't sound too bad at a real quick look.
Airlines cause filthy pollution, shall we all stop flying because of that ? Its a bone of contention with all sorts of products we buy or consume. Apple for instance have some highly questionable practices, shall we all stop buying their products ?

[Kay]

I will be quite happy with average news and a friendly 16c dividend!

I guess the announcement makes me quite happy!

[peat]

veracity (vɛˈræsɪtɪ)
2. precision; accuracy

Well blow me down with a feather duster (used to dust a shelf in a Glassons shop) , I consider myself well educated in the English language and I always thought veracity had more to do with truth and honesty and reliability.

[Beagle]

Well blow me down with a feather duster (used to dust a shelf in a Glassons shop) , I consider myself well educated in the English language and I always thought veracity had more to do with truth and honesty and reliability.

I wouldn't disagree with you at all, usually the first explanation in any dictionary you look up but I referenced the second in post #1371 above...by the way...the truth is the earnings and dividend are honestly very reliable

[winner69]

Good result, but certainly challenges ahead into the next financial year. You've got to say though, the dividend yield is a stand out and they have maintained this for a very long time.

That's what the major shareholder wants - he gets it eh

[Beagle]

That's what the major shareholder wants - he gets it eh

Annual depreciation of ~ $7m underpins a dividend that slightly exceeds EPS.