HLG - Hallenstein Glasson

[BlackPeter]

Yawn - using a selective time frame to chart a favorable outcome for one stock vs another? Is that how you invest?

Go back 5 years and HLG outperformed WHS 123% vs 43%

Go back to March 2020 and HLG outperformed WHS 213% vs 99%

Go back 10 years and HLG outperformed WHS 91% vs 33%

We know which one to invest in for sustainable & long term performance.

Quite unnecessary attack. No, this is not how I invest. Do you? Do you invest only with firm view into the rear mirror given the examples you provide? I suppose not.

However - I decided roughly a year ago to put my retail investment into WHS instead of into the much barked about HLG ... and am so far quite happy with my decision. Obviously - past performance does not determine future performance - i.e. I review my portfolio regularly and might change my views if the circumstances change.

How do you do it?

I guess this is just an indication (if one is needed) that even much barked about stocks can go up, down or not change at all ... same as any other stock .

[Beagle]

I didn't see it as an attack at all...however your repeated references to barking could certainly be interpreted that way.

HLG has been an outstanding performer over the last 5 years and has very strong growth prospects with Glassons Australia and internationally. Including strategic risk management initiatives around Covid 19, (that I have very clearly barked the timing of earlier in this thread), anyone who listened to the barking closely inclusive of all dividends would also have made close to 5 times their money in just over 5 years. Such people would have every reason to pat and say very nice doggy, not attack the barking as inappropriate as you've done.

WHS has done well from nesting instincts since Covid hit and I've ridden that horse too and clearly articulated why I think all the low hanging fruit there has been picked. I have much more confidence about the growth prospects of Glassons going forward than I do with WHS.
In a nutshell, I think people are more or less done with nesting, (have already bought their big appliances from Noel Leeming) and are well and truly ready to buy apparel and go out socialising and peacocking.

Each to their own though mate, if you like WHS more, no problem and good luck to you.

I'm very happy indeed to remain a long term shareholder in HLG, its really works and has been a tremendously rewarding investment for me and is highly likely to be even more so over the medium to long term going forward.

[Waltzing]

the chart underlying looks weaker than stronger the as O Neil always states the longer the plateau the bigger the move... its been flat for a while...longest flat period was 2013 to 2017.

longest top was 2005-2007..

we tended to trade the tops on average 3 years..from trough to top.

the underlying is where we draw the troughs . Now this was only because it was retail.

[BlackPeter]

I didn't see it as an attack at all...however your repeated references to barking could certainly be interpreted that way.

HLG has been an outstanding performer over the last 5 years and has very strong growth prospects with Glassons Australia and internationally. Including strategic risk management initiatives around Covid 19, (that I have very clearly barked the timing of earlier in this thread), anyone who listened to the barking closely inclusive of all dividends would also have made close to 5 times their money in just over 5 years. Such people would have every reason to pat and say very nice doggy, not attack the barking as inappropriate as you've done.

WHS has done well from nesting instincts since Covid hit and I've ridden that horse too and clearly articulated why I think all the low hanging fruit there has been picked. I have much more confidence about the growth prospects of Glassons going forward than I do with WHS.
In a nutshell, I think people are more or less done with nesting, (have already bought their big appliances from Noel Leeming) and are well and truly ready to buy apparel and go out socialising and peacocking.

Each to their own though mate, if you like WHS more, no problem and good luck to you.

I'm very happy indeed to remain a long term shareholder in HLG, its really works and has been a tremendously rewarding investment for me and is highly likely to be even more so over the medium to long term going forward.

Fair enough - timing clearly matters:

WHS-HLG5.JPG

HLG clearly did better on a 5 year horizon ... and nobody can predict with certainty which of these companies will do better over the next 5 years ... though at the moment I would think the warehouse group has at least a more diversified product range on offer - diversification helps to manage risks :

Anyway - no attack intended, but it still must be fair to mention that while you did an amazing job in identifying HLG when the price was down ... you kept barking when the price was up.

Again - no attack ... and I know that I kept harping about stocks as well which didn't do that well ... it's only human ;

What this means for the future is anybody's best guess ... and I suppose my crystal ball is as cloudy as yours ... but I'd think a doubling of the WHS SP might be in that timeframe (5 yrs and if they do everything right) more likely than a doubling of the HLG SP.

Time will tell ... probably will both in that time frame revisit at some stage the doldrums ... as cyclicals do ;

[Beagle]

I've already clearly stated the many reasons why I think HLG has superior prospects going forward than WHS and am very confident in my analysis. Actions speak louder than words. I hold no WHS shares and plenty of HLG. I believe HLG is a growth company and WHS has strong elements of being a cyclical company. I am looking through the Covid fog and am very confident of the future of this company. In the long run on a DCF basis I only see about 20-30 cents of DCF valuation impact on HLG from Covid, most of which I am assuming occurs in this year and FY23. Maybe there's some impact in FY24 as well, time will tell.

[Waltzing]

Underlying chart of whs has been flat since since 2009... it has broken out to the up side but unlike MHJ and HLG it is an NZ only stock and why Mr B does not have it in the same bin as these 2 overseas market bins..

we think whs has logistical solution problems to solve in order to create farther profit and reduce costs.

Well only time will tell if WHS can squeeze some more out of the profit and loss engine and warehouse performance.

[Waltzing]

Pushing UP! Staying above the 7 dollar handle.

[winner69]

I sense some Dogs of the NZX buying today ..... might even go over 720

[Beagle]

Fair enough - timing clearly matters:

WHS-HLG5.JPG

HLG clearly did better on a 5 year horizon ... and nobody can predict with certainty which of these companies will do better over the next 5 years ... though at the moment I would think the warehouse group has at least a more diversified product range on offer - diversification helps to manage risks :

Anyway - no attack intended, but it still must be fair to mention that while you did an amazing job in identifying HLG when the price was down ... you kept barking when the price was up.

Again - no attack ... and I know that I kept harping about stocks as well which didn't do that well ... it's only human ;

What this means for the future is anybody's best guess ... and I suppose my crystal ball is as cloudy as yours ... but I'd think a doubling of the WHS SP might be in that timeframe (5 yrs and if they do everything right) more likely than a doubling of the HLG SP.

Time will tell ... probably will both in that time frame revisit at some stage the doldrums ... as cyclicals do ;

How are you feeling about your WHS shares now after today's shocking trading update and massive profit downgrade ?
Be some good opportunities to double down on Monday, get stuck into it if you still believe the story.

[Muse]

How are you feeling about your WHS shares now after today's shocking trading update and massive profit downgrade ?
Be some good opportunities to double down on Monday, get stuck into it if you still believe the story.

Aye, BP’s post didn’t age well but I wouldnt gloat too much hound-dawg - many of those same issues may impact HLG (even if to lesser quantums) and while HLG’s SP is holding up well they havent released results yet and their ‘guidance’ was vague (Earnings will be down and that is all) and released in the thick of an AGM at the end of the year. WHS has more instos and broker coverage - HLG retail with no coverage and slower to react until the announcement of a divy cut is made .