HLG - Hallenstein Glasson

[winner69]

Percy will remember the days when the coming of big shopping malls would kill Hallensteins and Glassons as .... death to the High St they said and Hallensteins would not be able to adapt.

Survived world wars, depressions and recessions. high inflation. low inflation. the times when T shirts imported from Fiji were less than a buck and all the other things that have happened.

They 'listen' to the market and concentrate/focus on certain segments - like now we don't really want to sell what Moosie and his mates like but heck there are more people in Palmerston North than Moosie.

They be around for many years I reckon ..... and making heaps of money for many years

[000831]

Attachment 6683

Great management, great company, great dividend policy, great price, great timing, great technical analysis, buy!

Great NZ GDP growth rate, great low interest rate environment, great oil price! The best period for NZX50 index in the history.

HLG will back to $6.00 level in two years term!

[BFG]

They 'listen' to the market and concentrate/focus on certain segments - like now we don't really want to sell what Moosie and his mates like but heck there are more people in Palmerston North than Moosie.

I agree. Don't listen to me, I'm a 28 year old Archivist stuck in a grumpy old man's body (some would say like Mr Magoo?). I dress like one too. Rod & Gunn would have me as a mannequin any day of the week.

They be around for many years I reckon ..... and making heaps of money for many years

Agreed. Hate the clothes now, love the profits. No reason not to buy on that front!

[Toulouse - Luzern]

[QUOTE=000831;526448]Attachment 6683

Great management, great company, great dividend policy, great price, great timing, great technical analysis, buy!

Great NZ GDP growth rate, great low interest rate environment, great oil price! The best period for NZX50 index in the history.


You look to have made a great entry ...

[bunter]

HLG due to report its first half figures in the next few weeks.

Dodgy sector which IMO is undergoing change... shops. whole chains closing down.
Shopping is still occurring - shops, not so much.

Maybe some companies will disappear, and the survivors will (eventually) thrive.

Given that the company claims to have addressed its problems and is forecasting a 30% yoy increase in H1 profits, I've used a long term growth factor of 8%.

Jan-15	Original analysis date
SP today	3.37		Growth	8.0%
		NPAT
	15	14	13	12	11
to 1/2	8.2	6.2	10.4	9	7.1
to 1/07	10.5	8.1	8.3	12	11.2
FY	18.7	14.3	18.7	21	18.3
H2>H1%	28%	31%	-20%	33%	58%
		eps
	15	14	13	12	11
to 1/2	0.139	0.105	0.176	0.153	0.120
to 1/07	0.178	0.137	0.141	0.203	0.190
FY	0.317	0.242	0.317	0.356	0.310
		dps (net - all fully imputed)
	15	14	13	12	11
to 1/2	14	12	16	14.5	14
to 1/07	17	16.5	17.5	19	17
FY	31	28.5	33.5	33.5	31
P/O%	97.81%	117.59%	105.70%	94.12%	99.95%
GrossDivYld	12.8%
		Dividend history
26/11/14	Final	16.500c	2.912c	6.417c	5/12/14
8/04/14	Interim	12.000c	2.118c	4.667c	17/04/14
27/11/13	Final	17.500c	3.088c	6.806c	6/12/13
10/04/13	Interim	16.000c	2.824c	6.222c	19/04/13
28/11/12	Final	19.000c	3.353c	7.771c	7/12/12
11/04/12	Interim	14.500c	2.559c	6.214c	20/04/12
Benjamin valuation (2015) - v=eps*(8.5+2g)					7.77
Dividend flow valuation					6.85

[Joshuatree]

First of all I must admit I agree with you on BGR.
Laughing about you and your friend's conversation about HLG.
I would think young men have had the same conversation about HLG for about the past 100 years!!!!
I expect it may be the same for the next 100years.!!!!!!!!!!!!!!!!!!!! lol.

Really impressed with H this year ; their product range is excellent.Ive really enjoyed going past the empty heartland bank (1 of my biggest holdings) to busy HLG shop ; bought heaps of t shirts mainly; and fake Vans for $12;best designs ever! The bonus is my 14 year old likes them too; so Im cool enough to occasionally take her to my fave cafe and sit at the same table lol

[Antipodean]

Very good half year result makes me a happy holder still

https://nzx.com/companies/HLG/announcements/262342

[Beagle]

Yes it was an exceptional result and outlook is also highly encouraging. Factor in too further growth from the new store format which they seem very positive about and it seems to me that they've found a nice sweet stop in the middle market segment of the rag trade. PE is very reasonable and divvy yield is really quite compelling, I'm in for a few cum divvy and expect meaningful analyst upgrades in the next few days. The thinly disguised divvy hound that inherently lurks within, senses some very good feeds to come in the years ahead
Leaving aside the hungry beagle hounds appetite and putting my bean counters hat on it appears to me we have a very robust and clean balance sheet with next to no debt apart from the usual trade creditors, goodwill is not inflated, in fact quite the opposite, stock seems very well controlled at only two months inventory on hand, liquidity is very strong and overall the business seems to be extremely well positioned.

[TheHunter]

High dividend pay out, plans for future growth in place, attractive outlook and still no long-term debt. Excellent.

Even after todays small jump in share price (really surprised it hasn't gone higher), the interim alone is still a 4% return (Currently trading @ $3.38).

Really looking forward to reading their full year result in half a years time.

[Beagle]

High dividend pay out, plans for future growth in place, attractive outlook and still no long-term debt. Excellent.

Even after todays small jump in share price (really surprised it hasn't gone higher), the interim alone is still a 4% return (Currently trading @ $3.38).

Really looking forward to reading their full year result in half a years time.

A lot of people need to be told by an analyst that its good value and a great BUY.