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27-04-2018, 03:09 PM
#2151
Originally Posted by couta1
Just highlights how incompetent they are, when it comes to this stock.
Ha ha
I'm sure Mark and his team would dispute the bit about competence or lack of it
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27-04-2018, 03:15 PM
#2152
Originally Posted by winner69
Ha ha
I'm sure Mark and his team would dispute the bit about competence or lack of it
The proof of the pudding is in the eating mate, price target $3.33, current price $4.68, recent high $5.14, nuff said.
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27-04-2018, 03:43 PM
#2153
Lol at a price target of $3.33. that would give them a forward pe of 7 for a company with no debt and on track to pay 40cps dividend in the next 12 months.
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27-04-2018, 03:55 PM
#2154
Originally Posted by couta1
The proof of the pudding is in the eating mate, price target $3.33, current price $4.68, recent high $5.14, nuff said.
But the likes Craig’s aren’t in the business to ‘guess’ what price punters are going to drive the share price up to.
They obviously don’t believe/assume that HLG are going to make $25m to $30m and more every year into the future.
Some people idolise guru analyst Aswath Damodaran - he put out a note that in his view AMZN is worth $1,019 at tops ...and he won’t be buying at $1,500 odd. Not quite a sell but almost the same.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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27-04-2018, 03:55 PM
#2155
I think Craigs' clients with a good memory will recall they were "in love" with HLG a few years ago.
Last edited by percy; 27-04-2018 at 03:57 PM.
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01-05-2018, 09:25 AM
#2156
Govt set to make people pay GST on overseas purchases under $400
https://www.msn.com/en-nz/money/busi...cid=spartandhp
Reported in the print edition of the Herald this morning the same thing is to come into force in Australia in July.
This will level the playing field for HLG !
Last edited by Beagle; 01-05-2018 at 09:26 AM.
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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01-05-2018, 09:39 AM
#2157
One would be forgiven to think HLG has had its run but the numbers in todays report, although not new, are stunning. Apart from the obvious headline of the huge profit increase, sales AND margins there are a few goodies in there too.
Storm lost 1.45 million before this massive profit so that makes the theoretical profit of 16.55 million NPAT.
The direction of HLG is very pleasing. Ridding themselves of Storm and large increase of capital spending in AU. AU glassons is still smaller than NZ Glasson but I suspect this year it will exceed NZ. Their margins over there are better too which is surprising.
So with the huge blue sky potential with the AU expansion, the shedding of storm, ever increasing online sales (which must be very high margin given the low extra overhead costs associated with it), proven store formatting and availability of them I`m thinking these profit levels are VERY sustainable.
While they keep to the script and continue with their well selected offerings then $6-$6.5 sp here we come, plus a divi or too along the way.
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01-05-2018, 09:42 AM
#2158
Member
Originally Posted by Beagle
This will level the playing field for HLG !
being objective.... it should help other NZ retailers as well eh! i.e. BGP, KMD, WHS & GXH
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01-05-2018, 09:46 AM
#2159
Originally Posted by Beagle
Yes, this move bodes well for all retailers.
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01-05-2018, 09:49 AM
#2160
Originally Posted by Filthy
being objective.... it should help other NZ retailers as well eh! i.e. BGP, KMD, WHS & GXH
Depends on the margins..not for most items as the price differential is huge..as a amazon prime member you get a further 33% discount off... while generic clothing which already cost around a fifth to a third NZ retail...
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