HLG - Hallenstein Glasson

[iceman]

Yes I was very surprised with their result.New format stores are performing well,as are new stores,while poor performing stores are closed.So funds are being recycled.Careful use of capital.Online sales at 9% of total revenue is very positive.Growing at 44% means they are finding their market.Easily scaled up.
Retail remains a very difficult sector,so we have to invest with great care.Mall landlords don't leave much on the table for their tenants,and that's why I like seeing big online sales increases.
I now own two retailers.!!! Shock,horror.!!..lol.
The other one is in Aussie.LOV.Their business model is the best retail model I have ever seen.

Same here Percy. I am not an enthusiastic investor in retailers but bought a small parcel on Friday after seeing their stunning result. They sure know how to run retail businesses.

[Beagle]

Same here Percy. I am not an enthusiastic investor in retailers but bought a small parcel on Friday after seeing their stunning result. They sure know how to run retail businesses.

This is great, so many experienced investors can't possibly all be wrong Feeling really good about this one and what about the timing of that 17 cent final divvy payment, exactly one week before Christmas...can I have my divvy gift wrapped with a pretty red bow on it please

[see weed]

This is great, so many experienced investors can't possibly all be wrong Feeling really good about this one and what about the timing of that 17 cent final divvy payment, exactly one week before Christmas...can I have my divvy gift wrapped with a pretty red bow on it please

Another thing I mentioned about 9-12 months ago Ex div Nov. Nice big payout Dec. then about 18 weeks later it goes ex div again for the April div. I am wanting to buy another 33,000 before ex div date, and will pay up to 3.40-3.50.

[Beagle]

Another thing I mentioned about 9-12 months ago Ex div Nov. Nice big payout Dec. then about 18 weeks later it goes ex div again for the April div. I am wanting to buy another 33,000 before ex div date, and will pay up to 3.40-3.50.

Better join the hunt then, this beagle is leading the charge

[see weed]

Better join the hunt then, this beagle is leading the charge

Get in behind and join the queue. Sit mr Beagle sit. Now beg. That's good, you can have yours for 3.40.

[winner69]

HLG increased NPBT by $5.0m in F17 over F16

Some $8.8m came from selling more stuff in F17 and $5.3m came from improved gross margins compared to F16. The cost of doing business (expenses) increased by $9.1m - which gives the $5.0m extra profit

Highlight would have been the amazing gross margin in the second half of the year - this was nearly 60% compared to 56.5% in same period in F16. Is 60% sustainable?

Dividends paid were again more than free cash flow.

Their mountain of cash has shrunk from $23.7 in F15 to $12.5m in F17 - but as long as its going to shareholders that's OK. Probably last for a while yet but wouldn't want a 'bad' year in the foreseeable future.

Already collected 2 early diviidends in last month so I'm happy - hanging in there for another

[winner69]

Glassons have one less competitor
https://www.stuff.co.nz/business/975...es-in-business

[percy]

Glassons have one less competitor
https://www.stuff.co.nz/business/975...es-in-business

From Percy's book of stories.
When Kimberley's first started out it was in the years of stores being open Monday to Friday only.
Kimberley's had a store in Merivale, and opened their second store in New Brighton, which was the only area in Christchurch which was allowed to open on a Saturday.Not having the money to stock both stores, it was a matter of moving stock from Merivale to New Brighton on a Friday night, and then moving it back to Merivale on a Sunday.Hard work.So Kimberley's have gone,Merivale and Northlands Paper Plus have closed,along with Newmarket Paper Plus.

ps.Mall rents are cruel.

[minimoke]

From Percy's book of stories.
When Kimberley's first started out it was in the years of stores being open Monday to Friday only.
Kimberley's had a store in Merivale, and opened their second store in New Brighton, which was the only area in Christchurch which was allowed to open on a Saturday.Not having the money to stock both stores, it was a matter of moving stock from Merivale to New Brighton on a Friday night, and then moving it back to Merivale on a Sunday.Hard work.So Kimberley's have gone,Merivale and Northlands Paper Plus have closed,along with Newmarket Paper Plus.

ps.Mall rents are cruel.

There was that other womans shop next door that closed not so long ago (Quins?)

I have no interest in retail at the moment - Amazon strikes me as posing too big a threat to box type retailers. Warehouse may be the one exception - but I've been in and out of them profitably already.

[percy]

There was that other womans shop next door that closed not so long ago (Quins?)

I have no interest in retail at the moment - Amazon strikes me as posing too big a threat to box type retailers. Warehouse may be the one exception - but I've been in and out of them profitably already.

Another great story.Margaret Quinn had an eye for fashion and decided to open a fashion store in Merivale.Was very difficult for a new store to attract a designer label to sell.She opened with 5 labels.She and her builder husband owned their own store on Papanui Road that backed onto what would become Merivale Mall.Then when the Mall was developed their store fitted into the Mall.I think they sold their property to the mall and rented space in the mall.I think she tried without success to sell the business before she diedThe store closed.

For legal reasons I can not talk about Merivale Paper Plus closing,while Whitcoulls will open in Merivale Mall.
I do know book lovers will be very unhappy.