HLG - Hallenstein Glasson

[Biscuit]

....after a 12 year
stink there said, "Cheap as chips....

Hopefully, it was a twelve year stint? Or no wonder they sent her home.

[Waltzing]

She said it wasnt always the cleanest place they had lived...but yes it was supposed to be Stint...thank you...Share market in that time was very good.

They left when many Australian did when the virus hit and brokers moved back to Sydney.

[Beagle]

HLG or WHS to be included in the NZX50 with the June rebalance ? (to be announced on 11 June).

[Greekwatchdog]

Not according to this but who knows. Latest For Bar Review..

We pick that there will be no changes for the upcoming S&P/NZX June 2021 quarterly index review (headline indices).Official outcomes of the review will be announced close of market Friday, 11 June 2021, with an effective date, close of
market Friday, 18 June 2021.
Figure 1. June 2021 Review: The Forsyth Barr Pick
Index Enter Exit Expected Weight (rank)
S&P/NZX 10 no changes n/a
S&P/NZX 20 no changes n/a
S&P/NZX 50 no changes n/a
S&P/NZX 50 Portfolio no changes n/a
Source: Forsyth Barr analysis
The current status
The recent sell down of 31.6m WHS shares by Foodstuffs has boosted the WHS ranking (six-month average market cap) and by our
calculations will rank as the highest non-member post the upcoming June 2021 index review.
Figure 2 outlines the current rankings for inclusion/exclusion for the benchmark S&P/NZX 50 indices. At this stage, we see no obvious
near term changes ahead. The six-month average market cap automatic entry level to the benchmark index is currently above $430m
with the exit level below $283m.
Figure 2. Current Rankings for S&P/NZX 50 Index Inclusion/Exclusion
Ranking Code Current status 6-mth average price 6-mth average market cap
42 SKO S&P/NZX 50 Member $6.04
43 FSF S&P/NZX 50 Member $4.56
44 (entry level) VGL S&P/NZX 50 Member $1.88 $429.63m
45 SAN S&P/NZX 50 Member $4.76 $391.98m
46 RBD S&P/NZX 50 Member $12.47
47 SML S&P/NZX 50 Member $4.20 $376.38m
48 WHS* $3.20 $356.28m
49 TLT $6.63 $349.97m
50 HLG $7.19 $343.31m
51 ERD $4.84 $332.77m
52 NPH S&P/NZX 50 Member $3.44
53 THL S&P/NZX 50 Member $2.47 $299.91m
54 SKT S&P/NZX 50 Member $0.17 $298.05m
55 MFB** $1.56 $283.78m
56 (exit level) BGP $5.42 $277.50m
57 TRA $3.30 $214.67m
58 CVT $3.24 $174.44m

[winner69]

Retail sales going well in Oz

Westpac on April sales ..... retail sales are still holding relatively at a relatively high level – up 25%yr compared to last year's extreme lows during the nationwide lockdown but also 11% above the pre-COVID levels at the start of last year.

And

Clothing +1.2% seasonally adjusted ...remember that’s +1.2% up on March

All good for HLG

[see weed]

HLG or WHS to be included in the NZX50 with the June rebalance ? (to be announced on 11 June).

Where do you think sp will go when it is included into the NZX50, back up to $7.80s maybe low $8s?

[Beagle]

Where do you think sp will go when it is included into the NZX50, back up to $7.80s maybe low $8s?

Hard to know for sure but what you suggest sounds about right. Earnings growth will be what propels this higher in due course.

[bull....]

Where do you think sp will go when it is included into the NZX50, back up to $7.80s maybe low $8s?

whs will be in the nz50 before hlg

[Ferg]

I have thought for some time that talk of inclusion in the NZX50 was premature. GWD's great post above shows the entry point is 44 and not 50. For HLG to get from number 50 to number 44 requires one or more things to happen, assuming all other external factors remain the same:

• a sustained lift in the HLG share price of around 26% i.e. >$9
• a sustained 8%+ fall in the prices of SKT and/or THL
  
  • or a new strategic / cornerstone shareholder appears for either or both of these companies
  
  
• any other member(s) of the NZX50 automatically excluded due to delisting or being taken over etc.
• a total exit of the Glassons family holdings from HLG into the hands of retail and institutions (i.e. their holding goes to 0% - would existing shareholders want this?)
• a float of an additional ~12m shares into the market by HLG, where the Glasson family do not participate
• a stock split would only assist chances of inclusion if the combined market value impact was +$86m excluding any impacts on the Glasson family holdings
• possibly others

Keep in mind that if there is a sustained lift in the share price, would this occur in isolation such that the target entry value remains unchanged? And would other potential suitors of the NZX50 also remain unchanged? The recent change in WHS shareholding has pushed them up the queue. I'm surprised Delegats is not hovering around the entry point, unless I have missed a portion of their strategic shareholders?

[winner69]

Thirteen Glassons stores closed in Melbourne for a week or so

Online will save the day

No worries

https://www.nzx.com/announcements/373476