HLG - Hallenstein Glasson

[LaserEyeKiwi]

Latest GDP report for December quarter is out. Key quote for HLG:

On an annual basis, retail was up by 2.5 percent

[winner69]

Latest GDP report for December quarter is out. Key quote for HLG:

On an annual basis, retail was up by 2.5 percent

Retail down in December quarter though

Better idea of where things might be heading

[Biscuit]

.....Try ordering a new boat, European car or motorhome ......!

hmmmm, out of touch much?

[LaserEyeKiwi]

Retail down in December quarter though

Better idea of where things might be heading

How do you mean? Retail was up 2.5% year-on-year.

[winner69]

How do you mean? Retail was up 2.5% year-on-year.

But down on September quarter they said - maybe by as much as 5% from the narrative

That's how things were going in Dec qtr and a reflection of where things might be heading ....wonder what Mar quarter will produce

[winner69]

LaserEyeKiwi , it doesn't really matter what GDP data said - HLG have reported double digit sales growth over that period

Pretty good when GDP declined 2.9 percent over the year to December 2020, the largest annual fall ever in GDP for New Zealand.

World in turmoil, NZ in recession, OZ not any better .... and GDP down a record amount ....but HLG just keeps pumping

[BlackPeter]

LaserEyeKiwi , it doesn't really matter what GDP data said - HLG have reported double digit sales growth over that period

Pretty good when GDP declined 2.9 percent over the year to December 2020, the largest annual fall ever in GDP for New Zealand.

World in turmoil, NZ in recession, OZ not any better .... and GDP down a record amount ....but HLG just keeps pumping

Don't forget - markets are forward looking. While HLG might have had amazing growth rates looking back, who will maintain these outstanding growth rates in the future if their customers have in future less money in their pockets (this is what a falling GDP means)?

[BlackPeter]

deleted the usual duplicate thanks to dismal server performance ...

[winner69]

Don't forget - markets are forward looking. While HLG might have had amazing growth rates looking back, who will maintain these outstanding growth rates in the future if their customers have in future less money in their pockets (this is what a falling GDP means)?

Read somewhere today that the so called wealth effect isn't in play at the moment -- rocketing property prices not really driving consumer spend it said

And somewhere else more and more cash ending up in the bank -- maybe for a rainy day

[Beagle]

Don't forget - markets are forward looking. While HLG might have had amazing growth rates looking back, who will maintain these outstanding growth rates in the future if their customers have in future less money in their pockets (this is what a falling GDP means)?

I think you're making FAR too much of a meal of a very modest decline in Dec quarter GDP after a whopping thirteen percent increase the previous quarter.
All the retailers, Briscoes, Michael Hill, Warehouse and Hallensteins have reported very strong sales in recent stock exchange news releases that encompass the December 2020 quarter and HLG have an excellent multi year track record of strong growth with Glassons Australia. 40 years experience as an accountant tells me the best guide to the future is the recent past.

Disc: I backed up the truck on WHS this week and already have a boatload of HLG so I am putting my money where my mouth is believe me !