HLG - Hallenstein Glasson

[winner69]

HLG sales 12 months to Jan 2021 are $309m which is higher than pre-covid levels .....and about at a level where you'd think they would have been without a pandemic (ie normal times)

Probably caught up a lot of the 'lost sales' from lockdowns and made 'share' gains from having a superior online offer relative to competitors - like hard to believe that H&M didn't have an online option until October last year.

All points to sales of $330m in F21

Interestingly Briscoes last 12 months sales (same period) are up on pre-covid levels by about the same as HLG

Briscoes trading profit improvement is much better ( and without any corporate welfare) than HLG

Maybe they do deserve that higher PE after all

[Waltzing]

the local (in sweden) H & M shop is nothing like an NZ shop that would be HLG like at all. Dont know what they look like in AUS.

not really the same type of company as HLG. the sun glasses are terrible.

also but off topic a german lady pointed out to me in 2019.. so long ago now... that swedish bear is also terrible compared to german... not a beer drinker...

[nztx]

Interestingly Briscoes last 12 months sales (same period) are up on pre-covid levels by about the same as HLG

Briscoes trading profit improvement is much better ( and without any corporate welfare) than HLG

Maybe they do deserve that higher PE after all

Tighter Share Register with BGR though I believe .. may be doing the job ..

[Waltzing]

ive put a request in to the team to see if we can buy some more at this current price.. They dont like NZ retail but im trying..

surely the two companies winner are not the same as much as H&M is not the same.

retail yes.

[Beagle]

Interestingly Briscoes last 12 months sales (same period) are up on pre-covid levels by about the same as HLG

Briscoes trading profit improvement is much better ( and without any corporate welfare) than HLG

Maybe they do deserve that higher PE after all

I wouldn't be too quick to judge. Like you I was a little wee bit disappointed that growth in eps wasn't slight more but in the circumstances it was a very good result and the logistical and freight challenges Covid has presented cannot be underestimated. These challenges won't always exist. Let's wait for the half year report to hear what they have to say about the difficulties they've navigated their way pretty successfully through.

[Waltzing]

even if div stays at 5% net?

surely MR B its pretty good buying even at this price.

and the company has grown.

very strong record of payment performance surely.

Code	Ex Dividend	Period	Amount	Supp.	Imputation	Payable	Currency
HLG	07 Dec 2020	Final	24.000c	4.235c	9.333c	15 Dec 2020	NZD
HLG	27 Aug 2020	Interim	15.000c	2.647c	5.833c	04 Sep 2020	NZD
HLG	09 Dec 2019	Final	24.000c	4.235c	9.333c	17 Dec 2019	NZD
HLG	10 Apr 2019	Interim	20.000c	3.529c	7.778c	18 Apr 2019	NZD
HLG	07 Dec 2018	Final	24.000c	4.235c	9.333c	17 Dec 2018	NZD
HLG	05 Apr 2018	Interim	20.000c	3.529c	7.778c	13 Apr 2018	NZD

[Beagle]

even if div stays at 5% net?

surely MR B its pretty good buying even at this price.

and the company has grown.

very strong record of payment performance surely.

Code	Ex Dividend	Period	Amount	Supp.	Imputation	Payable	Currency
HLG	07 Dec 2020	Final	24.000c	4.235c	9.333c	15 Dec 2020	NZD
HLG	27 Aug 2020	Interim	15.000c	2.647c	5.833c	04 Sep 2020	NZD
HLG	09 Dec 2019	Final	24.000c	4.235c	9.333c	17 Dec 2019	NZD
HLG	10 Apr 2019	Interim	20.000c	3.529c	7.778c	18 Apr 2019	NZD
HLG	07 Dec 2018	Final	24.000c	4.235c	9.333c	17 Dec 2018	NZD
HLG	05 Apr 2018	Interim	20.000c	3.529c	7.778c	13 Apr 2018	NZD

Excellent buying, no argument from me. I was just responding to Winner's post. My view is these are compelling value and they're my approx biggest equal holding with HGH.

I like companies with a really long track record of solid performance and when it comes to track records it doesn't get any better than HLG, NZX's oldest listed company with a great history going all the way back to 1947.

[winner69]

Been listed since 1947 but Hallensteins have been performing solidly since the 1800’s

That’s a longbtimevago

[Beagle]

been listed since 1947 but hallensteins have been performing solidly since the 1800’s

that’s a longbtimevago

WOW what an incredible history !!! Probably be around in the 2100's if this Jewel of a company isn't taken over by some greedy overseas retail predator

[winner69]

Bendix Hallenstein was a wise old guy

http://www.nzfashionmuseum.org.nz/hallensteins/