HLG - Hallenstein Glasson

[Beagle]

Thanks Winner. There's a lot to like about the way Glassons AU has grown in the last few years and a huge opportunity going forward as the brand continues to gain traction in a market 5-6 times the size of N.Z.

Forward metrics are so cheap you're effectively paying nothing for future growth. Highlighted that so nobody misses it.

This dog's best and most favored trick is to buy stocks that give you growth for free. "There is no such thing as a free lunch". I call B.S. on that. There is if you know where to look !!

The special beauty of this particular trick is you get paid extremely well with dividend yield (estimated gross yield FY21 (8.5 - 10%) while you enjoy that free growth.

[LaserEyeKiwi]

... anyway apart from glassons good results the rest was not that good , declining sales and margin while all other retailers are killing it on margin .... very poor outcome for hlg .

"Apart from Glassons good results"? You realise that Glassons is the majority of the business and the only non-glassons part is Hallensteins menswear stores?

[Balance]

"Apart from Glassons good results"? You realise that Glassons is the majority of the business and the only non-glassons part is Hallensteins menswear stores?

I believe everyone on ST has figured out by now that bull... posts whatever suits his short term trading positions.

Check out what he did in MFB - ouch!

[bull....]

I believe everyone on ST has figured out by now that bull... posts whatever suits his short term trading positions.

Check out what he did in MFB - ouch!

what a load of crap , you cant short hlg. i suggest you have been having lessons from your mate mallard

[lissica]

I think the results are ok and HLG is cheap however you look at it.

[Balance]

what a load of crap , you cant short hlg. i suggest you have been having lessons from your mate mallard

As stated, you posts (positive or negative) according to your short term trading positions & I will add, trading intentions.

We all know that of you in this forum but if you want me to elaborate, I am happy to do so.

Nothing wrong & no problem or issue with your trading strategies or style but at least, you can be open and be honest about it.

[Beagle]

i think the results are ok and hlg is cheap however you look at it.

Bingo !!!!!

[winner69]

HLG Group sales up 22m in H1 v pcp (+14%). No doubt a lot of catch up sales post lockdown as well as some organic growth. Seems a lot of what have been store sales during lockdowns were later converted into online sales.

But npbt was only up 6.9m - margins hurt a bit but what's a worry is that expenses were up 2.4m on pcp. If you add back grants and rent relief gross expenses were up 7.9m -10% higher. People costs ere up 12% (that's a worry).

without those grants and rent relief npbt would have been about the same as pcp - even though sales up 22m

Besides supply chain pricing failurs that impacted margins it seems that expenses are a bit out of control as well (Mary says 'well controlled' .....hmmm)

Maybe they have too many workers and rents are a problem ....but it is a shame that the 'resilience' they have shown (huge increase in sales) hasn't really converted into real profits.

Always got to look forward but hopefully this is not a sign of what F22 will look like.

[Habits]

HLG Group sales up 22m in H1 v pcp (+14%). No doubt a lot of catch up sales post lockdown as well as some organic growth. Seems a lot of what have been store sales during lockdowns were later converted into online sales.

But npbt was only up 6.9m - margins hurt a bit but what's a worry is that expenses were up 2.4m on pcp. If you add back grants and rent relief gross expenses were up 7.9m -10% higher. People costs ere up 12% (that's a worry).

without those grants and rent relief npbt would have been about the same as pcp - even though sales up 22m

Besides supply chain pricing failurs that impacted margins it seems that expenses are a bit out of control as well (Mary says 'well controlled' .....hmmm)

Maybe they have too many workers and rents are a problem ....but it is a shame that the 'resilience' they have shown (huge increase in sales) hasn't really converted into real profits.

Always got to look forward nut hopefully this is not a sign of what F22 will look like.

Hmmm ... this one is now the slow train Te Hallenstein vs the bullet train Te Warehouse toot toot. The trip is more scenic but arrives same destination

[winner69]

Hmmm ... this one is now the slow train Te Hallenstein vs the bullet train Te Warehouse toot toot. The trip is more scenic but arrives same destination

...but I think some are changing trains