Quite a massive minimum wage increase just announced in Australia from the fair work commission - 5.75% (for both the awards rate and minimum rate). Last year those workers on awards earning more than A$869 rec'd a 4.6% increase but those below earned an increase of A$40/wk, equating to a pay rise of 4.6% to 5.2%. Expectations earlier in the year ranged from 4-5% increase this year but started drifting up, and consensus seemed to be for a similar increase this year to last year. CBA noted a bigger increase would lead to further interest rate rises. Increase starts on 1 July.
That's a big additional pressure on overheads in an increasingly precarious operating environment. Wages a big expense, and across FY21 and FY22 averaged about 38.6% of HLG's total operating expenses, in 1H FY23 that rose to 40.3%. That's another big lift starting in HLG's FY24 financial year.
Your candid and impartial views on much cheered and played HLG are most refreshing and welcome ...hopefully many will appreciate what you also trying to do here ...hopefully your simple question to " Legend " will be answered honestly ...though I doubt it ...but we all know the answer ...
I did flag that issue at start but got bullied by followers ....
HLG will have double battle to fight ...wage bill increase + retail recession on horizon ....
Many will be looking for below $ 5 easily ...W69 / Bull's first low side target of $ 5 on cards some time ahead ....
Better learn to embrace uncertainty ... and learn that "gurus" predictions are not more worth than any other random prediction!
Maybe I learnt that lesson long time back ...but reiterating again and again for all others to learn it forever ...so we dont get into asking difficult questions again and again to same Gurus ...
Some are comparing MFT at current levels with cyclical HLG at top of cycle ....dont know what to think of that ...maybe u will have better idea !!
lol you are a donkey. The way it was going I think many honest posters were surprised it didn’t hit $7
Don’t make me go back to the MFT thread wasn’t too long ago you said it will go to $100. Since fell back heaps since you made that comment my friend
Dont need to loose civility ...U can surely go back and show me when it was about to go ...but I never compared MFT at top of cycle to HLG / MHJ at bottom of cycle ...all stocks have different cycles ...all know ...which is better to get in at what time is for a " Guru " to know
Some are comparing MFT at current levels with cyclical HLG at top of cycle ....dont know what to think of that ...maybe u will have better idea !!
Well, I would not know what others are thinking , but for me comparing HLG with MFT is like comparing one of these ferris wheels on the next A&P show with an Apollo rocket.
Here is a 20 year comparison of the two. The blue line (carefully look at the bottom to see it) is HLG and the red line is MFT (hardly to oversee in the top).
Well, I would not know what others are thinking , but for me comparing HLG with MFT is like comparing one of these ferris wheels on the next A&P show with an Apollo rocket.
Here is a 20 year comparison of the two. The blue line (carefully look at the bottom to see it) is HLG and the red line is MFT (hardly to oversee in the top).
Anyway - I guess its horses for courses ... if entertaining my grandchildren is the plan, than I probably prefer the ferris wheel :
Wow thats a very self explanatory chart ...maybe I shud develop more chart making skills as it explains the longer term pictures much better then words
I still get ridiculed trying to explain MFT class over HLG but u have done a wonderful job ....great work BP
Originally Posted by bull....
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