HLG - Hallenstein Glassons Holdings

[seaweed]

HLG hit the 6 months low of 5.65 on the 19/10/23, I bought some for my birthday the same day for 5.68, but have noticed others are starting to come back in and sp forming a mini uptrend in last 3 weeks. $6 not looking too far off now, but in saying that, quiet often when I post something on sharetrader or stock talk, someone will come along and sell a lot off HGL and push the price down and prove me wrong lol. No worries 4 weeks to big 24c ex div and then another div 16 weeks later, and their busy season just around the corner with Christmas and summer holidays. Come on now if you want to sell, there are 3 others wanting to buy in the $5.89 and $5.90 bracket.        

[seaweed]

Looks like I have to pay between $5.90 and $6 now. Anyone want to sell me there excess shares for under $6. We all waiting.

[Basil]

$6 close, congrats mate.

[seaweed]

Thank you, I think it might have something to do with 24c div next month and then another div what ever that will be 16 weeks later. HLG now up 35c since six months low of $5.65.

[seaweed]

$6 close, congrats mate.

$6.05 now. There must be other interested buyers. That little worm is heading for $6.10. It would have to be div hunters.

[BlackPeter]

$6.05 now. There must be other interested buyers. That little worm is heading for $6.10. It would have to be div hunters.

How sensible is it to hunt dividends you first are paying for by an increased purchase price?

I guess, sure - the dividend (assuming they can maintain it) still looks juicy, but the share is priced for perfection - and many industries discover these days that consumers priorities have changed. Talk with the restaurant owner at the corner ...

[seaweed]

How sensible is it to hunt dividends you first are paying for by an increased purchase price?

I guess, sure - the dividend (assuming they can maintain it) still looks juicy, but the share is priced for perfection - and many industries discover these days that consumers priorities have changed. Talk with the restaurant owner at the corner ...

Yes I agree. But what if sp goes to 6.10 or 6.20 before ex div. Then you can have the value of two divs and not to mention the 15c to 24c div or whatever div that comes 16 weeks later, that could lead to the value of three divs. Anyway I am buying more TRA and HLG  before  div so anyone who is a bit nervous we are ready and waiting for any sellers under 6.00 

[BlackPeter]

Yes I agree. But what if sp goes to 6.10 or 6.20 before ex div. Then you can have the value of two divs and not to mention the 15c to 24c div or whatever div that comes 16 weeks later, that could lead to the value of three divs. Anyway I am buying as many TRA and HLG as possible before inclusion or div so anyone who is a bit nervous we are ready and waiting for any sellers under 6.00 

Fair enough. Your strategies and time plans are clearly different from mine, and I am sure - with both you can make money . I normally see things from a long term (investors-) perspective ... and don't worry too much about short term ripples which may or may not occurr.

[winner (n)]

Most retailers seem to be reporting flat or declining sales over the last few months

HLG said in September first 8 weeks sales down 5.86%

Wonder what the 5.86% has turned into when they no doubt give an update at the ASM in a few weeks time

Wouldn't want it to be any higher

[seaweed]

Yeah would agree, don't want it any higher. I will go have a chat with the glassons & Halleys at Sylvia Park and see how their sales are going before the AGM on 12 /12 23. Sylvia Park closest to me, and maybe other holders could go have a little chat at their closest branch.

[seaweed]

Went for a little visit to Sylvia Park on way home about 4pm. Talked to the Hally boys and they were just plodding along as usual, but do get a lot busier on late night and in the weekends. So no surprises there. Then went to visit the Glassy girls. Exactly the opposite with music playing and the big screen video of singing and dancing a steady stream of customers and the shop assistant said it will get lot busier later being late night. She said it was quite busy on singles day 11/11/23 and have promotions coming up on black Friday 24th Nov. So it all sounds pretty good leading up to the Christmas big spend. Also thinking what someone said a few months back about the age group of the Glasson shoppers, they not worried about recessions and mortgage rates, they just want to go out party, dance have fun and look good in all their Glassons gear. So Basil, when all the dust has settled with TRA and NZX50 inclusion, the Glassy girls have said it, come back Bas.        

[Basil]

Those Glassons girls want the Beagle back...oh my goodness, Tina wants me as well, whatever do I do...where's my heart pills lol

It'll be interesting to see how well sales are holding up.  Certainly, the cost of freight is no longer the very strong headwind it was so that will help.

[Ferg]

Certainly, the cost of freight is no longer the very strong headwind it was so that will help.

For sure.  I have observed elsewhere with locals importing ex Asia that freight costs (after adjusting for volume variations) are down around 60% year on year.

[winner (n)]

Went for a little visit to Sylvia Park on way home about 4pm. Talked to the Hally boys and they were just plodding along as usual, but do get a lot busier on late night and in the weekends. So no surprises there. Then went to visit the Glassy girls. Exactly the opposite with music playing and the big screen video of singing and dancing a steady stream of customers and the shop assistant said it will get lot busier later being late night. She said it was quite busy on singles day 11/11/23 and have promotions coming up on black Friday 24th Nov. So it all sounds pretty good leading up to the Christmas big spend. Also thinking what someone said a few months back about the age group of the Glasson shoppers, they not worried about recessions and mortgage rates, they just want to go out party, dance have fun and look good in all their Glassons gear. So Basil, when all the dust has settled with TRA and NZX50 inclusion, the Glassy girls have said it, come back Bas.        

Good stuff seeweed but isn't that the response you'd expect to hear

The question you should be asking is are they selling more or less than a year ago .....that answer will answer the question will I get a bigger dividend than last year

[Basil]

Huge move up in GAP today and your Lululemon done really well this year too Winner.  Big name apparel brands doing more than okay.

The $64,000 question is to what extent does the brand value of Glassons hold up during this cost of living crisis?

On the other hand we have the rampant growth of Temu as an ultra-low cost Chinese controlled competitor which is making inroads into some people's purchasing habits.