HLG - Hallenstein Glasson

[winner69]

Hallensteins didn’t feature in this bit on men’s summer fashions …their gear can’t be ‘cool and crisp’ enough

https://businessdesk.co.nz/article/t...nod-to-the-70s

[clearasmud]

HLG balance sheet will be strong after taking legitimate Covid Govt support and they will now enjoy a robust summer's trading. Looking forward to my dividend to be announced in the next month or so.
Disc: Added some more today as my view is the future growth rate of Glassons Australia and International is not priced into the shares.

Spoke to manager of an Aussie Hallensteins recently (theres only 4)
They still have high hopes for Australia.

[Beagle]

Spoke to manager of an Aussie Hallensteins recently (theres only 4)
They still have high hopes for Australia.

Thanks for that.

[see weed]

Hallensteins didn’t feature in this bit on men’s summer fashions …their gear can’t be ‘cool and crisp’ enough

https://businessdesk.co.nz/article/t...nod-to-the-70s

That makes me smile/snigger. $601 for a pair of rubber slippons. Maybe Hallensteins could import some from China for $2 a pair and sell them for $99 on special.

[winner69]

Lady from Glassons yesterday “Pretty gutted nobody queued up overnight outside our Auckland stores, just saying”

[Beagle]

http://nzx-prod-s7fsd7f98s.s3-websit...792/357975.pdf

Yesterday I finally got around to reading our new CEO Stuart Duncan's report, (pages 6-9). Its a good read.
I can't help thinking the result they achieved is superb in the exceptionally challenging circumstances that prevailed in FY21 and they are getting set for a really bright future in FY23 and beyond. The well establish very strong growth of Glassons is the secret sauce here that the market is not pricing this correctly in my view.
Very good buying for the long term in my opinion. Can't help wondering if we'll get a dividend announcement soon ? (Was postponed pending reopening of Auckland, NSW and Victoria). Not too worried either way as cash retained in the business will drive growth in the years ahead.

SP has been very sluggish this year but to be honest I am not concerned.

[Waltzing]

Aussi job numbers out and it has taken a hit. Retail over the next 8 weeks in AUS will be a nail biter to see if it holds up.

[fastbike]

From page 7 of the report

"The first eight weeks of the new financial year have seen Group sales decline -18.90% on the prior year, this has been driven predominantly by multiple store closures across both New Zealand and Australia in response to the recent COVID-19 outbreaks in both countries."

This must impact at some stage on the share price ?

[winner69]

From page 7 of the report

This must impact at some stage on the share price ?

Market sees through that as they know there’s going to be a big catch up of pent up demand …..half year could see 26 weeks sales up about 10%

Probably know more in a few weeks time

[nztx]

Market sees through that as they know there’s going to be a big catch up of pent up demand …..half year could see 26 weeks sales up about 10%

Probably know more in a few weeks time

Have you tracked down where our missing dividends are hidden yet - Winner ?