HLG - Hallenstein Glasson

[JeremyALD]

Good, the plan is working

They have hooked you

They have a spinning wheel is pretty effective. You spin it to find out what your discount is, have a chance to win $500 and have to spend the discount within an hour of spinning.

Maybe I am hooked

[winner69]

Electronic Card Spend September month from Stats NZ - apparel sector sales down on September last year

Things getting a bit tougher for NZ retailers

[winner69]

Importers won't be happy

https://www.stuff.co.nz/national/pol...-then-national

[couta1]

Holding an XXOS sized holding of these pups now, looking forward to a nice big pre Christmas divvy. PS-Higher minimum wage means more money for your average punter to spend on clothing.

[Beagle]

I had a very quick skim read of the HLG annual report released today online, see NZX release here https://www.nzx.com/files/attachments/268410.pdf . Easy report to read and not just the numbers that look pretty if you know what I mean , (of course the resident hound is just as handsome as the blokes in there lol), well run business, great stock turn, sales growing strongly in Australia, very slick and long standing retail operators who are committed to providing a positive shopping experience. Trades on a PE of just 11 with very positive sales growth and a gross dividend yield of (31.5 / 328) / 0.72 = 13.3% and trades cum a 17 cent fully imputed dividend due in December.
M sized position and happy holder.

[JeremyALD]

Holding an XXOS sized holding of these pups now, looking forward to a nice big pre Christmas divvy. PS-Higher minimum wage means more money for your average punter to spend on clothing.

Offset by higher staffing cost?

[winner69]

Holding an XXOS sized holding of these pups now, looking forward to a nice big pre Christmas divvy. PS-Higher minimum wage means more money for your average punter to spend on clothing.

You going to XXXOS or even XXXXXOX soon

I've already collected by dividend ....twice

[JeremyALD]

Considering picking these back up again. What are your thoughts on the lower NZ dollar. Will this impact HLG or are they mostly hedged?

[TheHunter]

Considering picking these back up again. What are your thoughts on the lower NZ dollar. Will this impact HLG or are they mostly hedged?

~60% hedged on 12 month rolling basis off the top of my head so minor impact in the near term.

Dividends looking very appealing in the short term.

[couta1]

Offset by higher staffing cost?

I doubt any of their staff are on under $16.50 so won't have any effect over the next year or so.