HLG - Hallenstein Glasson

[Beagle]

Sure - though NZX50 contain as well a number of "growth" companies with growth (often well) beyond 10 %. I am talking about companies like RYM, SUM, ATM, MFT, FPH - to name just a few. They certainly would deserve a higher PE, wouldn't they?

The other thing is - many NZX 50 companies (like AIA, Gentailers, port companies) are traded as "quasi-bonds" - they naturally will have a higher PE. Do you see HLG in the same class? If yes, then $15 can't be far away (which would be a PE of 30).

Who knows ... markets are going mysterious ways ...

Many people thought I was completely nuts buying this at $2.70 just over 3 years ago. Could it possibly double again over the next few years, who knows but what's clear is there's a massive opportunity for Glassons in Australia.

[winner69]

Hallensteins / Glassons doing the right things

Provide experiences, be relevant etc etc etc


Brick-and-Mortar Stores Are Making a Comeback

https://hbswk.hbs.edu/item/brick-and...r%2030,%202019

[Beagle]

Finally through that $6 resistance.
Somebody will come out with 'resistance once broken often becomes support'.

To infinity and beyond

'resistance once broken often becomes support'.
To infinity and beyond There you go, I agree

[winner69]

Sure - though NZX50 contain as well a number of "growth" companies with growth (often well) beyond 10 %. I am talking about companies like RYM, SUM, ATM, MFT, FPH - to name just a few. They certainly would deserve a higher PE, wouldn't they?

The other thing is - many NZX 50 companies (like AIA, Gentailers, port companies) are traded as "quasi-bonds" - they naturally will have a higher PE. Do you see HLG in the same class? If yes, then $15 can't be far away (which would be a PE of 30).

Who knows ... markets are going mysterious ways ...

Somebody on here says divies have averaged over 30 cents for years through thick and thin.

Bigger company now BP so probably 40 cents new average

On that basis good case to ‘price’ as a bond ...consistent annual return of 40 cents say $8 good risk adjusted deal . Not quite your $15 but still pretty good

[Beagle]

Was Coutts and average over 16 years from memory was 31.5 cps fully imputed. Even paid dividends during the GFC so there is clearly good resiliency built into their business model. Agree that there has been substantial growth in recent years and 41.5 cps is the new 31.5 cps if you know what I mean.

But I think 44 cps is sustainable and that's 44 / 0.72 = 61.11 cps gross so the shares are on over a 10% gross yield and trade cum a 24 cps final divvy.

$6 is indeed the strong new support line. No logical reason for it to go under that again. Onward and upward and anyone who thinks this is a pure cyclical simply doesn't understand Glassons growth in Australia, simple as that. Heck even Hallensteins brand in Australia is looking at expansion now Talk about opportunity for growth !!

[winner69]

Share price still going up...and up

Must be starting to be priced as a good solid ‘bond’

Tiwai Pt shouldn’t affect HLG

[BlackPeter]

Share price still going up...and up

Must be starting to be priced as a good solid ‘bond’

Tiwai Pt shouldn’t affect HLG

Who knows ... just imagine the unthinkable happens, Tiwai point closes and all the poor Southland workers (if unemployed) can't afford anymore to buy all these smart Hallenstein Brothers suits ; Might make a dent into the online sales ... or do they have a shop in Invercargill?

[couta1]

Who knows ... just imagine the unthinkable happens, Tiwai point closes and all the poor Southland workers (if unemployed) can't afford anymore to buy all these smart Hallenstein Brothers suits ; Might make a dent into the online sales ... or do they have a shop in Invercargill?

Your a trier but no cigar. PS-These beauties keep going up and MEL keeps dropping but that's what happens to way overvalued shares aye.

[winner69]

Jeez — share price $6.25

Still cheap aso. Fundamentals and outlook ....and even more so if they do get prices as a de facto ‘bond’

[winner69]

Many people thought I was completely nuts buying this at $2.70 just over 3 years ago. Could it possibly double again over the next few years, who knows but what's clear is there's a massive opportunity for Glassons in Australia.

You were completely nuts ...you didn’t buy enough

But maybe there was a risk that all these global brands were going to wipe them out.