HLG - Hallenstein Glasson

[nztx]

Onwards & upwards - today's close $6.15 , the day's high $6.18

looks like $7 or north of that could be ahead & well justified based on Div yield

[winner69]

Onwards & upwards - today's close $6.15 , the day's high $6.18

looks like $7 or north of that could be ahead & well justified based on Div yield

All time high 638 later this week I reckon

It's looking like Beagle was spot on where this heading

cool eh

[Cyclical]

All time high 638 later this week I reckon

It's looking like Beagle was spot on where this heading

cool eh

If you're talking the rumour that was meant to put a rocket under the SP, I think it was balance and I'm afraid the NZX50 inclusion this time round goes to PEB.

[Beagle]

If you're talking the rumour that was meant to put a rocket under the SP, I think it was balance and I'm afraid the NZX50 inclusion this time round goes to PEB.

Missed this time (I have some PEB too), but there's always next time which is the regular quarterly index adjustment, next coming up to be announced on the second Friday in December (which is just under 2 months away).

I recently outlined my reasons for adding including my forecast of 12% gross yield which must surely be the highest yield in the market !

Just as an aside...I was reviewing my main trading banks call account interest rate yesterday, BNZ business call rate 0.05% per annum. That's 20 years to earn 1% or 240 years to earn what you can earn in one year with HLG ! One wonders what the BNZ and other trading banks are going to pay on their call accounts when the OCR goes negative next year ? Will we have to pay them to keep our money "safe"

[peat]

All time high 638 later this week I reckon

It's looking like Beagle was spot on where this heading

cool eh

648!

HLG.NZ

04/12/2019

SELL

641.82

[winner69]

Stats NZ Card Spend data for September had bank economist / commentators happy as spending was pretty robust

Digging down into the data and the apparel industry Sept spend was 6.7% up on last year but that follows August being down 21.4%.

Combined Aug/Sep sales were down 7.8% on last year

That's the period that HLG say group sales are up 10% - history would suggest that HLG NZ stores haven't grown much share if any so the data from NZ sort of says Aussie must be going gangbusters for HLG

Trend wise apparel sales in NZ dropped 12% (annual sales) during lockdown and the market is still running at this level - ie no big catch up spend yet.

Go Glassons AU - we need you to be big heroes.

[Beagle]

Huge addressable market in Australia with a significantly reduced amount of competition. Extremely hot looking website, (where's my heart pills . ) "Sexy Sells"...no worries.

[winner69]

Huge addressable market in Australia with a significantly reduced amount of competition. Extremely hot looking website, (where's my heart pills . ) "Sexy Sells"...no worries.

Suppose the market in Australia is ‘dressable’

[Beagle]

LOL, you're on good form this morning

[Waltzing]

Surely they are working on lifting brothers performance?