I think we are being a tad conservative. There is plenty of growth left for HLG which isn’t reflected in the share price and we are not yet at the top of it’s business cycle.
....just didn’t want to get too excited .....F19 should be a boomer as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Not too bad for a year or twos work eh — especially when punters tried to talk us out of HLG seeing they were never going to be able to compete with those global behemoths and they were past their due by date and all that sort of stuff
So many people were saying we were crazy buying under $3 a couple of years ago and retail was dead LOL
Key for me will be how they're going in Australia. If Glassons keeps growing strongly over there.... with the Aussie market being fives times the size the potential going forward could really surprise. Might see $7 next year. Be good if they hold back some of the dividend this year and invest into new Glassons stores in Aussie and supercharge the growth. Never thought I'd be encouraging a dividend hound type company to hold back on the dividends LOL.
Last edited by Beagle; 07-08-2018 at 05:45 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Maybe some correlation between currency and EBITDA margin. This seems to have broken down in the last couple of years. Brokers are forecasting a 14% margins for this year. I think management will have to be at the top of their game to fight against the currency tide.
[QUOTE=percy;723781]Least we forget. Posted 04-07-2015[/QUOTE]
Old data now.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Wise words Percy. It may be old data but history often repeats and we can learn a lot from what might happen in the future from what has gone before. Theres a reason I’m not a holder.
good potential return in the short term but have to watch things too closely for my liking.
Last edited by Patient Panda; 07-08-2018 at 06:50 PM.
Hope you fast reader shouldhaveheld .......HLG costing you heaps more every hour you dilly dally around
Trust us .....its going to 6 bucks very soon
Reason why will be apparent in next day or two .....maybe it’s $33m and not about $30m as i thought it might be.
Hey I thought you sold when it went below $4.50 back in May? Did you buy back in or were you just tricking?
Anyway I think it's going to be $31m. Over the past five years HLG have historically had slightly greater profits in the second half of the year. Historically when the full year results have come out HLG has traded on a trailing PE of between 11.5 and 15.5, with 13 being about the average. Based on that this is going past $6.
I'm a bit gutted because I had an order in at $4.37 a couple of months back and I only just missed having it filled. There hasn't been many down days since then and now it's $1 more if I want to jump on board. Decisions, decisions.... but I think I'm leaning towards remaining on the sidelines and watching you guys have fun. As you say every day of dilly dallying around costs heaps. It's been that way for months and will probably continue that way for another few months at least. I'll probably be kicking myself in 6-12 months for sitting this one out.
Wise words Percy. It may be old data but history often repeats and we can learn a lot from what might happen in the future from what has gone before. Theres a reason I’m not a holder.
good potential return in the short term but have to watch things too closely for my liking.
Yeah, that's my thoughts too. This can rise and fall pretty quickly due to the low liquidity. I don't want to be trying to get to the exit at the same time everyone else is. Could almost be better sneaking out while nobody is looking???
Originally Posted by h2so4
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