HLG - Hallenstein Glasson

[nextbigthing]

Stats NZ Electronic Card Spend for December

Apparel up 7.6% on year prior

HLG probably up more.

Last few months numbers been very soid

HLG update any day know - robust sales + OK margins = share rice $4 plus

You buying then Winner?

[Not too Flash]

Expect a positive announcement from HLG in next day or two

All signs point to really strong sales and hopefully they will also say that margins are honky dory as well.

That'll set a rocket under the share price.

NO News is not good news at this stage .......

[winner69]

NO News is not good news at this stage .......

Big wigs still on holiday ....be patient

(Some of them led by example and helped out in the stores because HY were so busy)

[Arbroath]

NO News is not good news at this stage .......

No basis for that assumption imho....see below history of post Xmas updates

19/1/15 - strong sales
16/1/14 - weak sales
15/2/13 - strong sales
8/2/12 - strong sales
26/1/11 - weak sales

Hopefully we get an update in the next week or two and all the signs are it "should" be a strong update. WHS doing well, MHI very good in NZ and Australia, eftpos spending strong in apparel sector. If HLG sales are weak then it would be a concern as likely company specific. I'm thinking sales should be firm and H1 profit should be c. $7-8m. In the 25 Nov trading update the CEO said next update "late January"

[winner69]

Expected good news announcement today or tomorrow I think.

Xmas/new year trading must have been very strong.

[mikeybycrikey]

Expected good news announcement today or tomorrow I think.

Xmas/new year trading must have been very strong.

You've been telegraphing this for a while. Have you got sources or is this just an educated guess?

It would be good to get an update on HLG trading since the last update was rather vague and open to interpretation.

[winner69]

You've been telegraphing this for a while. Have you got sources or is this just an educated guess?

It would be good to get an update on HLG trading since the last update was rather vague and open to interpretation.

From somebody who reckons he knows but even then probably an educated guess

Mikey, You reckon they had a good December and half year?

[mikeybycrikey]

From somebody who reckons he knows but even then probably an educated guess

Mikey, You reckon they had a good December and half year?

I'm reasonably confident. I think the price was hit a little too hard by the earlier trading update.

I'm not expecting spectacular trading figures but I'm expecting the market and the SP will be happy with them.

[Yeshiva]

The dividend is historically superb, though more due to P/E compression of late. I don't have any Hallensteins shares but they do seem to be very good retailers. My only worry is that they are forgoing opportunities for growth by paying out so much cash to shareholders.

[Beagle]

FWIW I was in ST Lukes just after new year and Glassons and Hallenstiens stores were incredibly busy. I was very surprised...both stores were really teaming with heaps of people.
Disc - Don't hold, just adding a tiny bit of anecdotal evidence.