HLG - Hallenstein Glasson

[Beagle]

Black Friday specials went gangbusters I believe

https://www.msn.com/en-nz/money/news...cid=spartandhp

[winner69]

https://www.msn.com/en-nz/money/news...cid=spartandhp

You are meant to highlight the ‘shoppers favoured clothing stores’ bit

[winner69]

If things are really going gangbusters than even Hallensteins might be finally showing earnings growth

Profit about the same as it was 5 years ago and F19 was a disaster

My big parcel of Black Friday specials arrived a while ago ....had to chase the parcel down the road in the 130k winds. Stupid courier left it on the ground in the street by the letter box ...stupid eh

I should have said the stuff never arrived ....might have got two lots

[peat]

I dont think anyone mentioned it but there was an article about how more consumers are doing their online shopping with local companies , gotta be good!

[couta1]

Group sales up 7.1% on prior corresponding period looks good, margin pressure not so good but part of the game.

[Beagle]

http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf
Yes a very good and solid update and I note the recent lift in the $Kiwi which will be of assistance going forward.
Happy holder.

[winner69]

Group sales up 7.1% on prior corresponding period looks good, margin pressure not so good but part of the game.

NZD stronger this week

looks like a bit of earnings growth in F20 ....but nowhere near Beagles 15% pa

All honky dory ,,,,but no doubt some will see as a veiled 'downgrade'

http://nzx-prod-s7fsd7f98s.s3-websit...386/313294.pdf

[winner69]

First 8 weeks sales +7.23%

First 16 weeks sales +7.1%

So hanging in there (no need for beagle to work out last 8 weeks growth this year)

[percy]

First 8 weeks sales +7.23%

First 16 weeks sales +7.1%

So hanging in there (no need for beagle to work out last 8 weeks growth this year)

Wonder whether the sales increase will cover the lost margins.
Doubt they will tell us next Wednesday at the agm.
Think they will have to wait to the end of January before they have a clearer picture.

[winner69]

Wonder whether the sales increase will cover the lost margins.
Doubt they will tell us next Wednesday at the agm.
Think they will have to wait to the end of January before they have a clearer picture.

Last year HLG couldn't convert solid sales growth into increased profit

On an apples for apples basis sales up 6% but profit down 4%

Last year things were just 'challenging' but this year they use words like 'competitive' and 'significant'

A good full year outcome I reckon will be profit the same as last year ....no growth but not going backwards...and keeping that HUGE DIVIDEND intact