BGR - Briscoes Valuation

[Beagle]

I hold twice as many HLG shares as BGR shares beagle but I don't really agree. BGR has a far better track record than HLG in consistently growing profits and has had significant competition in many of the years they have delivered growth. I wouldn't buy appliances and pots online, but would buy clothes online. Big difference is younger people shop at HLG and older people at BGR imo.

In saying this HLG has more room for growth and pays a very good yield. I think both are very good value and imo Amazon is very overplayed in both markets.

The thing that worries me about BGR is the terrible liquidity.

I respect your point of view mate and your point about consistency of growth in earnings with BGR is well made.
That said BGR hasn't really faced a downunder Amazon before so with cheaper shipping rates ex Australia it'll be interesting to see how they go in the future. Perhaps they'll establish warehouse facilities here in N.Z. for even cheaper shipping in the future ?

FWIW just before Christmas Mrs Beagle bought a small microwave oven online through Kmart's website and a new set of sheets for $109 in total, delivered. No need to try either on before she bought them and both would be considerably cheaper than buying at a Briscoe store. Yesterday we visited Rebel sports to look at their exercycle range which was pathetic, out of date compared to specialist other fitness stores we visited later in the day and most surprisingly the complete absence of shop assistant interest in serving us was shocking and the prices for old technology out of date designs were more than double what other shops wanted. A quick look on trade me would have you a better machine for less than half the price...just saying.

From memory BGR sales were up about 3% in the period just before Christmas whereas HLG are steaming along at about 17%. Really looking forward to HLG's profit guidance update. Couldn't agree more about the lack of liquidity in BGR shares, a real issue in itself for people that prefer to hold liquid stocks.