HLG - Hallenstein Glasson

[Getty]

They can not be accused of dressing up their reports...

[winner69]

Someone has to do the "hard yards" and make sure their products are on trend

Are they trendy though .... and selling?

You'll have to look at the Clearance Sale in a few weeks to see if they have had to quite 'excess' stock ....even though 'excess' doesn't seem to apply in this segment

[Greekwatchdog]

For Bars Latest view on NZX 50 inclusion
A Final Tidy Up, Before the Family Arrives for Xmas


S&P DJI have confirmed that no constituent changes will be made to the benchmark indices at the December 2020 quarterly
index review. There are a number of changes to indexed shares and Float Adjustment Weighting Factors (AWF). Changes are
effective close of market, Friday 18 December 2020.
No constituent changes
As expected, the S&P/NZX index review for December 2020 contained no constituent changes for the benchmark indices. We do not
foresee any constituent changes over the near to medium term. Hallenstein Glasson (HLG) remains the largest non-member currently
eligible for inclusion, should a current member drop out.
Figure 1. December 2020 Review: Confirmed changes
Index Enter Exit Expected Weight (rank)
S&P/NZX 10 no changes
S&P/NZX 20 no changes
S&P/NZX 50 no changes
S&P/NZX 50 Portfolio no changes
Source: Forsyth Barr analysis, S&P DJI
A catch-up for share placements
As with each quarterly review, indexed shares, Investible Weighting Factors ( IWF's) and AWF's are also updated. There were a
number of share placements during the quarter (including SKO, SML, SPG & VHP) that did not qualify for accelerated implementation,
which will now be implemented. The companies with the largest re-weightings are presented in Figure 2.
Figure 2. December 2020 Review: Major re-weighting changes expected
Index Current Weight Expected Weight Total Change
S&P/NZX 50 Index
SPG 0.61% 0.74% +0.14%
VHP 0.78% 0.87% +0.10%
S&P/NZX 50 Portfolio Index
ATM 3.45% 5.03% +1.59%
SPK 4.15% 4.98% +0.83%
FPH 4.36% 5.17% +0.81%
IFT 5.33% 4.98% -0.35%
MFT 5.36% 4.99% -0.37%
CEN 5.57% 4.89% -0.67%
MEL 5.95% 4.68% -1.27%
S&P/NZX All Real Estate Index
SPG 6.90% 8.25% +1.35%
VHP 8.81% 9.70% +0.89%
KPG 16.10% 15.64% -0.46%
PCT 16.11% 15.66% -0.46%
GMT 22.26% 21.63% -0.63%

[see weed]

HLG a classic dividend hounds, value and GARP (growth at a reasonable price) stock. Surely that's a winning trifecta in the long run

Looking at div history.....27/8/20= 15c....Late interim div because of Covid, tomorrow 15/12/20= 24c final div.... and in about 15 weeks from now, maybe another 15c interim div. early April, or 11 weeks after Christmas and new year holiday. That is a lot of divs over 8 months. Am looking forward to tomorrows Christmas div.

[nztx]

Looking at div history.....27/8/20= 15c....Late interim div because of Covid, tomorrow 15/12/20= 24c final div.... and in about 15 weeks from now, maybe another 15c interim div. early April, or 11 weeks after Christmas and new year holiday. That is a lot of divs over 8 months. Am looking forward to tomorrows Christmas div.

April in recent past years is usually a 20.0 cps fully imputed job with HLG

I have difficulty seeing any less being paid in the current trading environment, but who knows I could be wrong ..

[Beagle]

They had a cash mountain of around $50m as at balance date which I expect to be very similar at the conclusion of the current half year and equates to a whopping 83 cps. Based on likely earnings in the current period and their very robust cash position I am forecasting a fully imputed April dividend of around 24-25 cps.

[Balance]

For Bars Latest view on NZX 50 inclusion
A Final Tidy Up, Before the Family Arrives for Xmas


S&P DJI have confirmed that no constituent changes will be made to the benchmark indices at the December 2020 quarterly
index review. There are a number of changes to indexed shares and Float Adjustment Weighting Factors (AWF). Changes are
effective close of market, Friday 18 December 2020.
No constituent changes
As expected, the S&P/NZX index review for December 2020 contained no constituent changes for the benchmark indices. We do not
foresee any constituent changes over the near to medium term. Hallenstein Glasson (HLG) remains the largest non-member currently
eligible for inclusion, should a current member drop out.

An Infratil takeover will trigger inclusion for HLG.

Meanwhile, let's enjoy the dividends and a retailing story which keeps getting better.

[Beagle]

An Infratil takeover will trigger inclusion for HLG.

Meanwhile, let's enjoy the dividends and a retailing story which keeps getting better.

Yeap, I was thinking exactly the same thing. Quite apart from that it looks like a great year shaping up so when the market gets shocked by HLG's earnings capabilities we should see further share price appreciation and I think there's an excellent chance HLG gets into the NZX50 in 2021 on its own merits. Aside from all that to the best of my knowledge this has the highest forecast 2021 yield of any share on the NZX so we're being paid very handsomely indeed while we wait for even better things ahead.

Definitely one of my top five picks for 2021.

[winner69]

Should be a decent boost to share price next few weeks as many reinvest their divies at the current depressed price

Got to get in before their earnings capabilities become more well known

They say compounding (reinvesting) is the 8th wonder of thevworld

[sb9]

Am looking forward to tomorrows Christmas div.

It arrived in the bank a/c