HLG - Hallenstein Glasson

[TheHunter]

My first stock I ever purchased and still a very happy holder

Wonder what the potentially divi will be - usually the payout is similar to EPS. Potential for a 40cps+ total dividend for F18 on the cards?

Even at a share price of $7 that is a 5.7% net dividend yield - not too shabby in a low interest rate environment.

[LAC]

Edging higher and higher everyday but alas I have reduced 1/2. Was a great run but just cant be to certain on the currency over the next few months.

[Beagle]

While Gaghger are in the wings mopping up gradually, I can't see to much down side risk. At this stage, its hard to say what their long term vision is but they must see a future in Australia particularly for Glassons

I agree but what happens if they stop buying ?

Quietly smokin it's way toward $7, getting overlooked by the milky ones, I'm noticing you baby.

I see that price target as the very highest logical point taking into account all known information. PE looks maxed out there. If it goes close to there I will be sorely tempted to sell my remaining stake, unless there is some new information regarding rapid expansion of Glassons in Australia released with their annual result late in Sept.
Mind you I acknowledge there's a school of thought that says simply wait till the bend in the end and sell when it breaks down through its 100 day MA, wherever that might be. Might let TA rule the roost for a change considering I've already sold some.

[iceman]

Edging higher and higher everyday but alas I have reduced 1/2. Was a great run but just cant be to certain on the currency over the next few months.

I feel the currency talk on here is overstated. What currency are we talking about ?
A) USD where Trump may lose Senate/Gongress elections in a few months ? Weaker USD will help us.
B) A$. Just been through huge turbulence politically. Will it get weaker ? Stronger is better for HLG given our big growth in Oz

C) NZ$. Yes this is a risk with our poor Government and economic management.

But given the others above, I don’t see a big currency risk. I put loss or gain at 50/50 and stay fully invested with great comfort.

[Beagle]

Each to their own, like I've said before, no substantial holders are selling.

I am

I feel the currency talk on here is overstated. What currency are we talking about ?
A) USD where Trump may lose Senate/Gongress elections in a few months ? Weaker USD will help us.
B) A$. Just been through huge turbulence politically. Will it get weaker ? Stronger is better for HLG given our big growth in Oz

C) NZ$. Yes this is a risk with our poor Government and economic management.

But given the others above, I don’t see a big currency risk. I put loss or gain at 50/50 and stay fully invested with great comfort.

You guys are out of sync, we can't have that...I hereby sentence you to watching Top Gun again three times

Anyway...We're at all time high's for HLG now. Previous best from what I can see on a very long term chart I just looked at was $5.75 on 28/3/13.
Uncharted waters here folks. Our new Aussie friend must see some big expansion coming for Glassons in Australia in the years ahead. While they're buying I'm not going to stand in front of that train again.

[sideline]

I feel the currency talk on here is overstated. What currency are we talking about ?
A) USD where Trump may lose Senate/Gongress elections in a few months ? Weaker USD will help us.
B) A$. Just been through huge turbulence politically. Will it get weaker ? Stronger is better for HLG given our big growth in Oz

C) NZ$. Yes this is a risk with our poor Government and economic management.

But given the others above, I don’t see a big currency risk. I put loss or gain at 50/50 and stay fully invested with great comfort.

Just chiming in here: I presume HLG buy their stuff mostly from some Asian countries, not the US. So why would USDNZD cross rate matter? As long as the cross rate with the producing countries moves in sync with NZD there should be no problem as long as the supply contracts are written flexible enough?? Can somebody elaborate where the vulnerability/risk for HLG would be???

[Beagle]

My understanding is that products are often priced in US dollars for export even when manufactured in Bangladesh or some other ultra low cost country of manufacture.
That all time high chart I was just referring too goes back to 2000. HLG appears to be at its highest point in the last 18 years

[iceman]

You guys are out of sync, we can't have that...I hereby sentence you to watching Top Gun again three times

Anyway...We're at all time high's for HLG now. Previous best from what I can see on a very long term chart I just looked at was $5.75 on 28/3/13.
Uncharted waters here folks. Our new Aussie friend must see some big expansion coming for Glassons in Australia in the years ahead. While they're buying I'm not going to stand in front of that train again.

Dont mind watching Top Gun again and again https://www.google.com.ar/search?q=k...jhsXxnTDox4OM:

[iceman]

Just chiming in here: I presume HLG buy their stuff mostly from some Asian countries, not the US. So why would USDNZD cross rate matter? As long as the cross rate with the producing countries moves in sync with NZD there should be no problem as long as the supply contracts are written flexible enough?? Can somebody elaborate where the vulnerability/risk for HLG would be???

All the Asian purchases are in USD as far as I know. So a drop in the NZD/USD rate increases costs for us. I'm just not convinced it will be as negative in the next year or two, as some of the posters on here seem to think. I thinks there is a fair chance of a USD slump after this autumn's election.

[sideline]

My understanding is that products are often priced in US dollars for export even when manufactured in Bangladesh or some other ultra low cost country of manufacture.
..........................

Yes, but so are timber logs exported from NZ to mostly China - those USD prices get quickly adjusted for the next contract when the USD exchange rates change.