I also note that 4 of the 7 board members have substantial holdings in the company and the other 3 may also hold less than 50k shares but arnt included in the top 100 holders.
Hallenstein BROTHERS has been flat for a lengthy period of time. It's Glasson and their online business that driving the growth for HLG in the last couple years. So replacing the CEO for Hallenstein Brothers may not be a bad news overall. Think about the day when Hardlicka suddenly announced her resignation (or getting booted), and replacing by Babidge.
Hallensteins have been a disaster the last five years .... selling more / making less / losing share in NZ
Sales have grown from $80m in 2014 to $97m in 2019 primarily on growth in Australia ...but in 2019 sales were flat ...a sign of the future
In spite of that $17m increase in sales over 5 years they’re making less than they did in 2014. Last year was a total disaster with profits down $1.7m
CEO leaving suggests things aren’t improving and Hallensteins is still a drag on group growth
Maybe better off without him ...one thing if he’s not replaced we’ll save a few hundred thou.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Ok. Let me know when you stop propping up the price and we can take it from there. How do you rate the CEO?
Best to leave it a month or two after he stops buying so it can find its real level
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
Nice downramp there winner but you'll have to get in the queue for cheap shares.PS-The divvy has increased over the last couple of years.
Just facts re Hallensteins (not Glassons) ...not been a great performer lately have they ....and a drag on group profits, esp n 2019 when they down 1.7m
Last edited by winner69; 26-02-2020 at 03:59 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Just facts re Hallensteins (not Glassons) ...not been a great performer lately have they ....and a drag on group profits, esp n 2019 when they down 1.7m
Makes you wonder if the CEO simply ran out of idea's or has lost touch with what is cool fashion for men ? Mary Divine running the whole show now, should shareholders be worried ?
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
Just facts re Hallensteins (not Glassons) ...not been a great performer lately have they ....and a drag on group profits, esp n 2019 when they down 1.7m
Yes good point, I need to take off the Group hat and glasses and put the mens only one on, perhaps I'll leave the rose tinted glasses on though.
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Originally Posted by Mogul
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