HLG - Hallenstein Glasson

[LaserEyeKiwi]

WOW - December qtr sales up 43% truly impressive --- in seasonally adjusted terms

Actual sales for quarter were up 7% on pcp - the September quarter sales were down 17% on pcp

Pertinent to Glassons AU is that Aug/Dec (HLG year starts August) sales up 0.1% on pcp

With Glassons gain share at a fast rate of knots and with their superior online offering Glassons should have had a pretty solid 5 months and half year could be close to +10% up

Taken footwear out of the numbers so just clothing

You think? Even with Auckland being in lockdown with retail closed for 3 months? (Mid-August to Mid-November)

[Waltzing]

what on earth does this share think its doing. Obviously AUS is breaking new shopping records.

[winner69]

You think? Even with Auckland being in lockdown with retail closed for 3 months? (Mid-August to Mid-November)

My bad - was referring to Glassons AU

Yes, NZ will be down .... maybe even a disaster


Word out though sales were good judging by share price

[Rawz]

If sales are good this goes to $7
If sales are bad this goes to $4

[Beagle]

If sales are good this goes to $7
If sales are bad this goes to $4

My view remains that on a DCF valuation basis Covid might affect the valuation by about 30 cps. Maybe a little higher if Covid effects linger longer.
The rest of the share price movement is sentiment.

[nztx]

what on earth does this share think its doing. Obviously AUS is breaking new shopping records.

Tried to fix that today Waltzing .. it's so thinly traded that just few may help huh ?

[winner69]

Suppose we’ll get an update before they announce half year late March

Wonder how much that ‘significant’ shortfall they mentioned will be?

Briscoes has less sales and profits in Aug/Jan period than last which doesn’t bode well for HLG in NZ ….c’mon Glassons AU, pull the group out of the crap (again)

[Muse]

Suppose we’ll get an update before they announce half year late March

Wonder how much that ‘significant’ shortfall they mentioned will be?

Briscoes has less sales and profits in Aug/Jan period than last which doesn’t bode well for HLG in NZ ….c’mon Glassons AU, pull the group out of the crap (again)

I don’t recall them saying ‘significant shortfall’?? Just that the year would be adversely impacted compared to the prior year. Both imply down, but one reads worse than the other

[winner69]

Kathmandu said H1 sales were flat v pcp and said they were likely report a loss for H1 (EBITDA of $9m must be a loss at NPAT?)

Good thing about that announcement from a HLG perspective was that although the NZX was almost down 2% the KMD share price went up.

Market starting to look through covid stuff .... good sign for HLG share price when they have an update

[Waltzing]

kmd up on markets weakness . and more weakness coming.