I think they would be wise to invest the proceeds into their ongoing expansion plans in Australia. HLG already pay out massive dividends.
I am watching this one from the sidelines at present. Its still a while until the next dividend feed and lower exchange rates compared to the previous comparable period and higher wages costs will be putting some pressure on profitability. That said, its a very well managed company so they will be doing all they can to ameliorate the effects. Looking forward to seeing some visibility from the company in terms of how they are coping with the headwinds.
Last edited by Beagle; 12-08-2019 at 08:13 AM.
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
HLG have performed very well.An excellent retailer.
I was surprised with KMD's result and noted BGP are working very hard.
Staff wages are interesting,and how HLG continues to perform will be how well they can contain them.
We can see how one retailer has given extra profits to staff, while the other has given them to shareholders, when we compare WHS to BGP.
.................................................. ..........2013.................................201 8
Wages /sales WHS...................................15.9%....... .......................17.5%
Wages/sales BGP......................................11.1%.... ..........................10.7%
Oh goody are we going to get our 24 c a share again?
Oh hold on you mean more than 24c a share?
You know what I reckon I'm going to be very happy either way. PS-Im really longing to buy more of these beauties at the right price as I'm always feeling my holding is slightly underdone.
Shame about Hallensteins. They’ve struggled to grow over the last few years - a bit like Kathmandu in NZ. Things seem to get to a certain size / presence ands that’s where it stays.
Shame about Hallensteins. They’ve struggled to grow over the last few years - a bit like Kathmandu in NZ. Things seem to get to a critical mass / presence ands that’s where it stays.
Yep all good and the most important bit is "The Groups balance sheet and projected future cash flow remains strong, stock levels are also well managed" PS-Market likes.
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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Originally Posted by couta1
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