HLG - Hallenstein Glasson

[Beagle]

https://www.nzherald.co.nz/world/cov...PKVGRCS4ZI7YM/

Excerpt "NSW businesses who suffered at least a 30 per cent drop in revenue due to the lockdown will be paid up to A$10,000 a week to cover costs - provided they keep their workers - under the new changes. The Covid-19 Disaster Payment would increase from A$500 to A$600 each week if a person lost 20 hours or more of work a week – or A$325 to A$375 each week if a person lost between eight and 20 hours of work".

Don't know the fine details but it looks okay for HLG.

[winner69]

https://www.nzherald.co.nz/world/cov...PKVGRCS4ZI7YM/

Excerpt "NSW businesses who suffered at least a 30 per cent drop in revenue due to the lockdown will be paid up to A$10,000 a week to cover costs - provided they keep their workers - under the new changes. The Covid-19 Disaster Payment would increase from A$500 to A$600 each week if a person lost 20 hours or more of work a week – or A$325 to A$375 each week if a person lost between eight and 20 hours of work".

Don't know the fine details but it looks okay for HLG.

They’ve survived world wars, oil crises, Depressions, GFCs so a few weeks of a so called lockdown in Sydney won’t hurt them

Their resilience will come through …..decent divie coming our way.

[Beagle]

they’ve survived world wars, oil crises, depressions, gfcs so a few weeks of a so called lockdown in sydney won’t hurt them

their resilience will come through …..decent divie coming our way.

Gold Standard !

[Bob50]

Share price at 1.5 month low but on just 2200 shares traded all up so far today. Holders don’t seem to be interested in selling.

[see weed]

Share price at 1.5 month low but on just 2200 shares traded all up so far today. Holders don’t seem to be interested in selling.

I will sell you some, how many do you want.

[LaserEyeKiwi]

https://www.nzherald.co.nz/world/cov...PKVGRCS4ZI7YM/

Excerpt "NSW businesses who suffered at least a 30 per cent drop in revenue due to the lockdown will be paid up to A$10,000 a week to cover costs - provided they keep their workers - under the new changes. The Covid-19 Disaster Payment would increase from A$500 to A$600 each week if a person lost 20 hours or more of work a week – or A$325 to A$375 each week if a person lost between eight and 20 hours of work".

Don't know the fine details but it looks okay for HLG.

I wonder how this is calculated - on an individual store basis or on a statewide level (including online sales). HLG seemed to imply in their NZX announcement that they are confident online sales will fill the gap.

[Beagle]

I wonder how this is calculated - on an individual store basis or on a statewide level (including online sales). HLG seemed to imply in their NZX announcement that they are confident online sales will fill the gap.

I'm not sure how its going to be calculated but I am glad there is support. All I know for almost certain is I believe previous support has been at a level higher than the N.Z. Govt gave business here when they were in lockdown.

[winner69]

Share price seems to have fallen below both 100MA and 50MA

Must be time to sell


Maybe baabaa’s rounded top is playing out

[LaserEyeKiwi]

market update:

MARKET UPDATE – SYDNEY & MELBOURNE UPDATE

Hallenstein Glasson Holdings Ltd advises that the Government in New South Wales announced the Greater Sydney lockdown will continue until at least Friday July 30. The 13 Glassons stores in the Sydney area will remain closed until further notice to ensure the safety of our staff and customers.
The Group further advises that the Government in Victoria announced that the state would enter a strict lockdown from Friday July 15, and this has now been extended to 11.59pm on Tuesday July 27. The 13 Glassons stores in Victoria have been and will remain closed for the duration of the lockdown.
As with previous lockdowns there has been an increase in online sales which has helped to lessen the overall sales impact in Australia. All other stores in Australia, including the web, will continue to trade as normal. New Zealand stores are not affected.
The Group will continue to follow advice and monitor the situation closely to ensure an agile approach is taken to reduce any adverse impact on trading and to protect our team and customers.
Stuart Duncan

Group CEO

[LaserEyeKiwi]

MARKET UPDATE – SYDNEY & MELBOURNE UPDATE
Hallenstein Glasson Holdings Ltd advises that the Government in New South Wales announced the Greater Sydney lockdown will continue until at least Friday July 30. The 13 Glassons stores in the Sydney area will remain closed until further notice to ensure the safety of our staff and customers.
The Group further advises that the Government in Victoria announced that the state would enter a strict lockdown from Friday July 15, and this has now been extended to 11.59pm on Tuesday July 27. The 13 Glassons stores in Victoria have been and will remain closed for the duration of the lockdown.
As with previous lockdowns there has been an increase in online sales which has helped to lessen the overall sales impact in Australia. All other stores in Australia, including the web, will continue to trade as normal. New Zealand stores are not affected.
The Group will continue to follow advice and monitor the situation closely to ensure an agile approach is taken to reduce any adverse impact on trading and to protect our team and customers.
Stuart Duncan
Group CEO