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10-05-2018, 08:39 PM
#2211
Originally Posted by JeremyALD
Less than two years ago they posted a profit of 13.6m so it wasn't that long ago
and they still paid 30 cps in dividends that year fully imputed = gross 41.67 cps.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-05-2018, 01:04 AM
#2212
Originally Posted by Beagle
and they still paid 30 cps in dividends that year fully imputed = gross 41.67 cps.
And that was my point. Even in the "bad years", they still manage to pay a decent dividend because they have no debt and turnover stock very quickly. I see no reason to sell this reliable dividend payer.
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11-05-2018, 07:51 AM
#2213
Member
Originally Posted by iceman
And that was my point. Even in the "bad years", they still manage to pay a decent dividend
which is a great if you can hold, but bad if you need your capital back in that particular year
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11-05-2018, 08:25 AM
#2214
Originally Posted by Filthy
which is a great if you can hold, but bad if you need your capital back in that particular year
in which case you're not obeying the 5-10 year time frame principle for equity investments.
For clarity, nothing I say is advice....
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11-05-2018, 08:49 AM
#2215
Originally Posted by peat
in which case you're not obeying the 5-10 year time frame principle for equity investments.
5 to 10 year time frames quite a spread
HLG profits and share price seem to peak every 6 years or so ......and now could be one of those 6 year peaks.
But this time is different because Glassons are growing so fast and profitably in Australia
At the top of every bubble, everyone is convinced it's not yet a bubble.
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11-05-2018, 09:38 AM
#2216
Originally Posted by iceman
And that was my point. Even in the "bad years", they still manage to pay a decent dividend because they have no debt and turnover stock very quickly. I see no reason to sell this reliable dividend payer.
Let me be clear that I really like HLG and the management but the scenraio where they go back to $3 or so is quite easy - its called the NZDUSD rate falls to 63-65c over the next 6 months compressing their gross margin and if the economy is a bit softer and the weather doesn't behave how there buyers predict etc then you could have them only making $14-15m npat in FY19.
I'm not saying thats my base case - I hope the NZD hangs in there near enough to 70c and the Aussie business keeps performing and we might see $6 by Xmas if they update positive at the AGM.
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11-05-2018, 04:25 PM
#2217
Hey winner, there's about 62k shares wanted at between $4.50-$4.51, you might as well flick yours off now and get a cent or two more than selling under $4.50. PS-Finished up 5c on 100 shares.
Last edited by couta1; 11-05-2018 at 05:03 PM.
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13-05-2018, 04:48 AM
#2218
Originally Posted by couta1
Fear not young Bear, winner was calling for $6 not long ago and if I remember rightly BP only held very small cup full of these beauties.PS-If you look back you will see I cautioned those keen to pay $5 to get the divvy that they would get some for $4.50 if they waited(Post # 2085)
I was one of those you cautioned, ended up having a bob each way- bought some at $5.03 and got the divvy, picked up some more at $4.62 a couple of weeks later. I may yet pop back in for another feed if I can find some spare coin, although I am overseas on holiday at the moment so not really paying much attention to the market.
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14-05-2018, 10:43 AM
#2219
Originally Posted by couta1
Hey winner, there's about 62k shares wanted at between $4.50-$4.51, you might as well flick yours off now and get a cent or two more than selling under $4.50. PS-Finished up 5c on 100 shares.
Quick now winner, that pile has just started to be eaten into. PS-Im happy to take your shares off your hands for $4.40.
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14-05-2018, 10:53 AM
#2220
Originally Posted by couta1
Quick now winner, that pile has just started to be eaten into. PS-Im happy to take your shares off your hands for $4.40.
Is that you down at $3.11 ha ha
If it gets bad hope theres heaps of buyers not showing their hand yet else I could be in deep strife or a remaining a reluctant holder
At the top of every bubble, everyone is convinced it's not yet a bubble.
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