I wouldn't bet on it. Far too early to get a firm line on recent trading and profitability IMO. HLG's a progressive retailer but not a company to take risks with its liquidity.
What are the chances of an increased next dividend, where earlier 2020 Dividend has been cancelled & Company hasn't fared to badly ?
Back to HLG. I noted that KMD shares have surged on news that they are doing quite well. I bought at the 50 cents issue so am pretty happy. HLG is in the same space, but we don't hear from them. Do you think a market update on trading would have a huge impact on the share price? Also, are they going to release the unpaid dividend from April in November, a double payment in effect, that would surge the price if it was at the 40 cents level.
I am interested to see if they were paying full rent or had any reduced rent/rebates which may be good for bottom line? not sure if this has been reported on by the company to date
Anyone considering this one needs to carefully consider how bad things could potentially get in Australia as well as the severe recession and ballooning umemployment here. The stubbornness of the very high Covid numbers in Victoria despite being in lockdown for more than two weeks and the potential for spread to NSW is a risk factor that deserves very careful consideration in terms of its impact on Glassons Australia.
Disc: Not holding....might be interested somewhere in the mid-late $2's.
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
Bought my last ever sale shirts and socks yest from Hallys downtown.It and Glassons have closed permanently leaving just the Bayfair mall shops. Ironically our local council have just dropped onerous earthquake strengthening rules here which were making it unviable to fix up all the old shops.Some had already been demolished! "This town is coming like a ghost town" by The Specials ,fits accurately, sadly.
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