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  1. #2601
    Speedy Az winner69's Avatar
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    Rod Duke said this in Briscoes half year announcement. Wonder if same conditions could impact HLG

    “The economic outlook for the second half remains uncertain with flagging consumer confidence, increased industrial action, record-high fuel costs, increased wage pressures and a lower New Zealand dollar, all factors which will test retailers’ ability to maintain margins......

    HLG stores need to keep growing market share ....assuming they actually are doing that
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #2602
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    Quote Originally Posted by winner69 View Post
    Rod Duke said this in Briscoes half year announcement. Wonder if same conditions could impact HLG

    “The economic outlook for the second half remains uncertain with flagging consumer confidence, increased industrial action, record-high fuel costs, increased wage pressures and a lower New Zealand dollar, all factors which will test retailers’ ability to maintain margins......

    HLG stores need to keep growing market share ....assuming they actually are doing that
    Rod always uses a 'worst-case scenario' tone though

  3. #2603
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    Quote Originally Posted by winner69 View Post
    Rod Duke said this in Briscoes half year announcement. Wonder if same conditions could impact HLG

    “The economic outlook for the second half remains uncertain with flagging consumer confidence, increased industrial action, record-high fuel costs, increased wage pressures and a lower New Zealand dollar, all factors which will test retailers’ ability to maintain margins......

    HLG stores need to keep growing market share ....assuming they actually are doing that
    yes he can be a bit’ve a broken record on outlook and the tough trading conditions. Luckily for us this also extends to the repetition of good results and increasing profits and divs, (even if the just released HY result was a bit more subdued than normal.)

  4. #2604
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    Growth appears to be slowing for Briscoes as the economic cycle nears the peak? I doubt this will be reflective of HLG performance due to australian presence.

    In hindsight briscoes stake in KMD has worked out very well (although the market punished Rod at the time of attempted acquisition).

    Happy holder of HLG and BGP.

  5. #2605
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Filthy View Post
    Rod always uses a 'worst-case scenario' tone though
    Its good and refreshing to caution and ostensibly under promise and over deliver...many others CEO's should take note.
    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

  6. #2606
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    Outlook for 12 months ahead, could go down to 62 cents. Emphasis added for the sake of clarification.
    ANZ Bank forecast is at that level too ......
    Wonder what those bank economists are thinking now?

    Told you many times mate not to read that sort of stuff ...or if you can’t resist doing so do take their forecasts with a grain of salt.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #2607
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    NZ cross rate with US is almost upto 67c.

    Should test the $6 mark in time with results due out Friday next week.

  8. #2608
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    Quote Originally Posted by winner69 View Post
    Wonder what those bank economists are thinking now?

    Told you many times mate not to read that sort of stuff ...or if you can’t resist doing so do take their forecasts with a grain of salt.
    Not sure if ANZ's forecast of 62 cents was December 18 or one year out but either way there's still quite a bit of water to go under the bridge.
    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

  9. #2609
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by greater fool View Post

    Thanks mate. Wonder who was saying they are forecasting 62 cents ? HLG down today even though currency is stronger ?
    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

  10. #2610
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    Thanks mate. Wonder who was saying they are forecasting 62 cents ? HLG down today even though currency is stronger ?
    Was ANZ 62 in December and then 61 all of next year. Don’t believe that do you .....but Orr probably stuff things up and make it happen

    Page14
    https://www.anz.co.nz/resources/c/1/...df?MOD=AJPERES
    Last edited by winner69; 21-09-2018 at 03:42 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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