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23-11-2020, 11:23 AM
#5361
A lot of nudie colonies are nowhere near the beach, but I take your point.
However, a lot of yobbos get thru summer with just 2 pairs of rugby shorts, and 3 or 4 singlets/tee shirts, from last year.
If it wasnt for their women buying them some undies for Xmas/birthday, they wouldnt even have those.
Not good for HLG business.
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24-11-2020, 08:32 AM
#5362
Stats NZ Retail sales data Sept quarter
Clothing etc sector sales up 40% on prev quarter
Wow ...and that period includes the first 2 months of HLG financial year
Last edited by winner69; 24-11-2020 at 08:33 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-11-2020, 08:50 AM
#5363
Originally Posted by winner69
Stats NZ Retail sales data Sept quarter
Clothing etc sector sales up 40% on prev quarter
Wow ...and that period includes the first 2 months of HLG financial year
Stunning numbers really for retail and according to ASB, Dec quarter has been a boomer so far as well.
We could be in for a very pleasant surprise with HLG’s F21 sales, profits & dividends.
“NZ retail data yesterday posted the expected record-breaking recovery from Q2’s weakness, but it turns out the Q3 bounce was even stronger than expected at a whopping 28% for the quarter (+19% expected).
The strength was broad-based across industries and regions.
Early signs suggest this strong pace of retail momentum has continued into the December quarter, no doubt thanks in part to the hot housing market.”
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24-11-2020, 09:02 AM
#5364
and Aussies pretty keen buying stuff as well - esp Victorians and Glassons have a few key stores in Victoria - probably busy as
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-11-2020, 09:09 AM
#5365
Originally Posted by winner69
stats nz retail sales data sept quarter
clothing etc sector sales up 40% on prev quarter
wow ...and that period includes the first 2 months of hlg financial year
Wow !!!!!!! That augers well for the December sales update coming and let's not forget that juicy 24 cent dividend next month. Happy days
Last edited by Beagle; 24-11-2020 at 09:10 AM.
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
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24-11-2020, 09:10 AM
#5366
Originally Posted by winner69
and Aussies pretty keen buying stuff as well - esp Victorians and Glassons have a few key stores in Victoria - probably busy as
There you go winner 👍
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24-11-2020, 09:36 AM
#5367
Originally Posted by jimdog31
There you go winner 👍
..and share price heading to $7.50
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-11-2020, 10:39 AM
#5368
Originally Posted by Beagle
Wow !!!!!!! That augers well for the December sales update coming and let's not forget that juicy 24 cent dividend next month. Happy days
$6.55 ATH.
So let's do some sums and see what one gets when investing in HLG at $6.55 :
1. 24c fully imputed dividend so effective price is actually $6.31
2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31
3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31
I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00
Dreaming or are we on the way there?
Last edited by Balance; 24-11-2020 at 11:28 AM.
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24-11-2020, 11:10 AM
#5369
Originally Posted by Balance
$6.55 ATH.
So let's do some sums and see what one gets when investing in HLG at $6.55 :
1. 14c fully imputed dividend so effective price is actually $6.31
2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31
3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31
I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00
Dreaming or are we on the way there?
We're certainly heading in that direction - will be interesting to see whether we actually arrive at that destination.
(Note there's a typo in your point 1. - should be 24c dividend.)
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24-11-2020, 11:36 AM
#5370
Originally Posted by Balance
$6.55 ATH.
So let's do some sums and see what one gets when investing in HLG at $6.55 :
1. 24c fully imputed dividend so effective price is actually $6.31
2. Based upon F18 & F19 dividends of 44 cps (being 'normalized' years) = 7% pa at $6.31
3. Assuming sales increase of 10% for F21, expect dividend of at least 50c = 8% pa at $6.31
I would say that there will be financial advisors out there building income portfolios for clients who would be happy for 5% yield - implied sp = $10.00
Dreaming or are we on the way there?
Worth noting you are talking net yield. 50 cps (which looks like a fairly safe assumption to me) gives 69.44 cps gross. A 7.5% gross yield suggests to me that 69.44 / 0.075 = $9.26 is certainly not out of the question in terms of what still gives investors a solid 7.5% gross yield.
The risk apparent to me (for those who recently sold), is where else are you going to get a better yield than that and also one that might grow as Glassons Australia continues to grow ?
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
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