HLG - Hallenstein Glasson

[Balance]

$6.00 should be easy next week with the Dow back on a tear!

Will have a few to supply at that level.

Come and get ‘em!

[Waltzing]

Holding.... Holding....

Sell in may Balance...

But wait...Jeffrey Gundlach say big recession coming as rhe FED is now stuck between a Forest and a printing press.

https://en.wikipedia.org/wiki/Jeffrey_Gundlach

The ECB pres ...

https://www.ecb.europa.eu/ecb/orga/d...agarde.en.html

says europe can thread the needle.

Gundlach says rubbish.

[nztx]

A very good result by HLG considering what is happening elsewhere in the Rag Trade:

https://www.nzherald.co.nz/business/...CU6WKCFC63DOM/

EziBuy, a subsidiary of Mosaic Brands, goes into administration as sales down 51 per cent

[850man]

A very good result by HLG considering what is happening elsewhere in the Rag Trade:

https://www.nzherald.co.nz/business/...CU6WKCFC63DOM/

EziBuy, a subsidiary of Mosaic Brands, goes into administration as sales down 51 per cent

Down trend in online sales evident in HLG, impacting Ezibuy to a greater extent as pretty much all their eggs are in the online basket.

[mcdongle]

Thought something was up with Ezibuy Mrs dragged me in there Sunday ... Everything in the shop was $30 no exceptions Even the Next clothes

[see weed]

HLG goes ex div on 11/4/23. Get in now if you want the 24c div.

[BlackPeter]

HLG goes ex div on 11/4/23. Get in now if you want the 24c div.

Hmm - is this a case of pay for the dividend to get it? By how much do you expect the SP to drop Ex dividend?

[see weed]

Hmm - is this a case of pay for the dividend to get it? By how much do you expect the SP to drop Ex dividend?

Good question. All I know is the low for the year was $4.93 ON 30/9/22. The opening price was 4.93 and the closing price was 5.20. Sp went up 21c that day to 5.20. I was lucky to get a bundle at 4.99 on close the day before. Also got some for 5.06, 5.20, 5.16, and another 20 odd bundles up to 5.60. So sp falls and rises at different times of year. Must remember the great yld. The way I see it as eg....$100,000 in bank gets about $3000 interest and $100,000 of HLG gets about $8333 in divs, over 12 months. To get $8333 in divs, you would have to have 17,362 HLG shares. These figures calculated on yesterdays closing price of $5.76

[Onemootpoint]

Not doubting the quality of the company and how it is run atm.

just curious about the potential share price drop ex div. it is a long stretch to the next div and these days a $100 000 in the bank can get close or in some cases beyond $6000 pa.

This sector will likely still have it a bit tough this year and if that dreaded recession kicks in later this year, even if only in the USA it is bound to crap thus sector lower.

if so, will still be a good longer term buy. Well run company.

[Fortunecookie]

https://www.nzherald.co.nz/business/...PPKK67HSIVN3Y/

https://www.afr.com/young-rich/why-r...0230320-p5ctjx

Got me interested because of the 95% drop in SP. The financials didn't look that bad once you consider the loss is primarily due to goodwill impairment and you addback the amortisation.

However in short there is no discount to enterprise value. Actually when you compare to Hallensteins and Briscoes, I think they are still trading above intrinsic value (hard to fathom given the 95% drop) and perhaps a riskier proposition and potential headwinds.

It's an interesting dynamic. The PE owns 54%. The founders still own 19% and ceased to oversee the daily operations from Dec. Apparently they lost the autonomy to make (quick) decisions.
The founders are fine, they got $300mill cash out of the original deal. It would be interesting to see how this plays out in the future given it is their baby. I know it is a Hallensteins thread, but I thought it is interesting as they are competing in the same segment. Imo a large drop in SP doesn't always translate to bargains.