-
10-03-2020, 10:27 AM
#3931
For what its worth BP I think Winner's insight is very useful. HLG's target market don't generally have large reserves of funds like you, I and others on here do to stock up at the supermarket so when they do start doing that non essential discretionary spending on other retail items like clothes probably takes quite a significant hit.
HLG also face a significant increase in the minimum wage with effect from 1 April 2020 which could not have come at a worse time. The currency is also under serious pressure.
I think its clear strong headwinds are building against HLG and its a good stock to avoid at present because nobody can reliably say at this point what their earnings will be in 2H FY20 let along FY21 so fundamental analysis is rendered almost useless and TA says emphatically to "stay away" so that's exactly what I'm going to do.
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
-
10-03-2020, 11:00 AM
#3932
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
10-03-2020, 11:10 AM
#3933
roll on $3 rinse and repeat
one step ahead of the herd
-
10-03-2020, 11:17 AM
#3934
Member
Originally Posted by bull....
roll on $3 rinse and repeat
That's what I'm waiting for....
-
10-03-2020, 11:23 AM
#3935
Many many decades ago had a holiday job at the place which distributed butter, cheese and eggs to the shops.
One thing I learnt was that Trentham race week (the good ol days when 20-30,000 punters would go to the races) was bad for sales could be 20% plus less butter and eggs.
Always remembered that ....essentials some times get shunted down the shopping list....just like Powerball last few weeks.
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
10-03-2020, 11:27 AM
#3936
Originally Posted by kiwidollabill
That's what I'm waiting for....
"Nothing sweeter than a repeater" This a classic cyclical company after all !! Bought up large last time it went down to $2.75 in 2016 and primed up and ready to go again.
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
-
10-03-2020, 11:39 AM
#3937
I think quite a few of us are waiting and eagerly lipping our chops in anticipation with this one!
I first bought at $3.15 in 2017, never thought I'd see those levels again ... waiting waiting waiting
-
10-03-2020, 11:46 AM
#3938
Member
Originally Posted by Beagle
"Nothing sweeter than a repeater" This a classic cyclical company after all !! Bought up large last time it went down to $2.75 in 2016 and primed up and ready to go again.
The long term view is that they may end up missing the strategic boat in developing a more 'sustainable' aspect to their product offering and getting a better control over their supply chain. Their Australian competitors are working to get better at that but arent as good as HLG on retail fundamentals. I reckon they can get another cycle in before that starts to every affect them.
-
10-03-2020, 11:58 AM
#3939
Originally Posted by oldtech
I think quite a few of us are waiting and eagerly lipping our chops in anticipation with this one!
I first bought at $3.15 in 2017, never thought I'd see those levels again ... waiting waiting waiting
If we get community spread the shopping malls will be as quiet as a morgue. For what its worth, when the official virus count goes over 10 in N.Z. I am going to assume there's hundreds more infected who are currently asymptomatic and that's me done with shopping malls, restaurants and movies until the coast is clear, however long that might be. Happy to wear last year's clothes around the house, who cares ?
Last edited by Beagle; 10-03-2020 at 12:08 PM.
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
-
10-03-2020, 12:14 PM
#3940
Originally Posted by Beagle
If we get community spread the shopping malls will be as quiet as a morgue. For what its worth, when the official virus count goes over 10 in N.Z. I am going to assume there's hundreds more infected who are currently asymptomatic and that's me done with shopping malls, restaurants and movies until the coast is clear, however long that might be. Happy to wear last year's clothes around the house, who cares ?
Eventually sure, but I think there are lots of people - particularly younger ones, in say their 20s or 30s - who are still making light of it and will continue to for some time. They won't stop going to the malls until their friends start getting infected. Even then, they may well rely on their youth and relative health to get them through. And if not, then they'll shop from home.
How many people, when the word "tsunami" is mentioned, rush down to the beach to see it? Lots more than you would like to think ...
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks