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20-09-2018, 09:37 AM
#2601
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.”
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20-09-2018, 09:46 AM
#2602
Member
Originally Posted by winner69
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
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20-09-2018, 10:48 AM
#2603
Member
Originally Posted by winner69
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.)
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20-09-2018, 11:16 AM
#2604
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.
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20-09-2018, 12:05 PM
#2605
Originally Posted by Filthy
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
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21-09-2018, 05:32 AM
#2606
Originally Posted by Beagle
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.”
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21-09-2018, 09:21 AM
#2607
NZ cross rate with US is almost upto 67c.
Should test the $6 mark in time with results due out Friday next week.
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21-09-2018, 09:29 AM
#2608
Originally Posted by winner69
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
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21-09-2018, 01:23 PM
#2609
Originally Posted by greater fool
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
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21-09-2018, 03:32 PM
#2610
Originally Posted by Beagle
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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