HLG - Hallenstein Glasson

[winner69]

HLG share price holding well ….no worries here

[Waltzing]

"That was all pretty ugly reading, no?"

BETS to look forward to next summer for HLG and RP CURL results mean while enjoy summer weather.

2 years of isolation and shut borders may have dented spirits of the inmates.

Or is it going to be 3 years? Losing count; whos counting by now anyway.

The decisions makers forgot to include a fun factor clinical head shrinker while keeping everyone inside leaky tourist hotels and the inhabitants of the hermit kingdom locked up and gone fishing .

20 mastercraft water wake boats imported last year each retail for 300G.

Now thats retail and of course they all want to wear Rip Curl.

[winner69]

Stats NZ Card Spend December month --- Apparel up 4.1% on prior year (core retail up 3.6% on pcp)

HLG financial year to date id August thru December - for this period Apparel down 16%. In Australia Clothing is slightly up for 4 months Aug thru Nov.

Allowing for a reasonable January in NZ and some sector growth in Australia and allowing for Glassons share gains I reckon HLG half year sales will be close to $171m - down $11m on F21

So that's Gross Margin down $6.5m.

Add in some extra expense it could will be NPAT will be down $5m to $6m on last years $19.8m

Hope market understands this not made .... at least they haven't really reacted badly to the 'significantly' down comment HLG made

Then again I might be completely wrong and profit might be down less or maybe heaps more.

[LaserEyeKiwi]

Stats NZ Card Spend December month --- Apparel up 4.1% on prior year (core retail up 3.6% on pcp)

HLG financial year to date id August thru December - for this period Apparel down 16%. In Australia Clothing is slightly up for 4 months Aug thru Nov.

Allowing for a reasonable January in NZ and some sector growth in Australia and allowing for Glassons share gains I reckon HLG half year sales will be close to $171m - down $11m on F21

So that's Gross Margin down $6.5m.

Add in some extra expense it could will be NPAT will be down $5m to $6m on last years $19.8m

Hope market understands this not made .... at least they haven't really reacted badly to the 'significantly' down comment HLG made

Then again I might be completely wrong and profit might be down less or maybe heaps more.

Dec-Jan Australia HLG revenue will be impacted by Omicron - early reporting on Dec/early jan is “a softening” “similar to impact of the delta outbreak”

Its also happening in QLD & SA too, so is more widespread.

[nztx]

HLG share price holding well ….no worries here

indeed currently one of the few green in a vast sea of red

[winner69]

Dec-Jan Australia HLG revenue will be impacted by Omicron - early reporting on Dec/early jan is “a softening” “similar to impact of the delta outbreak”

Its also happening in QLD & SA too, so is more widespread.

Could well be the case

A bad Dec/Jan in OZ and HLG profit could be as low as $10m

Market reaction to 'Hallenstein Glassons report 50% decline in profit' = buying opportunity for long term holders of a $10 stock

[winner69]

This is better news re Australia …might not be all doom and gloom after all

Westpac Card Tracker rose 3.5pts to 108.4 over the week ending Jan 15. The gain still leaves the index well below the 111-12 levels seen in the two weeks prior to Christmas but suggests that more of the weakness seen since then is due to seasonal timing issues rather than omicron-related slowing. At 108.4, the latest weekly read means annual growth in card activity is running 8.4ppts above its pre-COVID pace.

[Waltzing]

yes but the top secret GOVT report of the complete swapping of the NZ health system might see a major disruption to retail for a few months.

might be time to bump NZ only retail stocks and move to US oil... whoops a few months to late... better late then never.

[clearasmud]

yes but the top secret GOVT report of the complete swapping of the NZ health system might see a major disruption to retail for a few months.

might be time to bump NZ only retail stocks and move to US oil... whoops a few months to late... better late then never.

Except that's not the experience is it.
This is mild for vaccinated persons, it doesn't attack the lungs and cause breathing issues.

[winner69]

The Stats NZ Electronic Card Spend data over the years has some interesting insights

Here's one chart of Apparel sales and Durables sales. Annual sales numbers since 2017

Apparel retailing not a growth sector - even before covid saes were flat and still to recover to pre-covid levels, I'd hazzard a gues that lost sales from lock downs are gone forever

Durables (Includes furniture, hardware, and appliance and other sectors but excludes food, vehicle, travel, entertainment etc) on the other hand saw sales dip through lockdowns in 2020 but recovered extremely well and are still above trend

Yep clothing retailing in NZ not a growth industry .... and Hallensteins and Glassons sales in NZ reflect that