HLG - Hallenstein Glassons Holdings

[BlackPeter]

Be interesting to see how Oz and NZ have performed in first half

All retail indicators in NZ suggest clothing stores are doing it hard ...harder than other sectors. Expect a bad NZ result o reckon

So Oz must have done bloody well to keep the groups head above water

True ... and don't forget the temu effect - they sell the same stuff HLG sells (and much more), produced probably in the same factories HLG is sourcing its stuff from. They deliver their goods often in less than a week, same quality, just cheaper. I recon HLG will feel a big hit on its online sales.

https://www.temu.com/nz/c/womens-clothing-o4-28.html

[winner (n)]

HLG share price heading back to $7 plus by looks of it

[Basil]

People paying up to buy the pending dividend.

[seaweed]

HLG share price heading back to $7 plus by looks of it

Yes it was on $5.10c at 10.30am on Wednesday 3/1/24 and closed at 5.22 the same day and been going up ever since and with all the negative talk with retail recently. Did you happen to buy into the 5.10 to 5.40s club? 

[seaweed]

People paying up to buy the pending dividend.

Good aye Basil, wink wink nudge nudge say no more     

[winner (n)]

Half year tomorrow.

Even though we know result they'll say what divie is going to be

Comment about trading in Feb/Mar should be positive

All in all share price should have a good day tomorrow .....mightn't reach 7 bucks though lol

That'll happen later in year

[Breezy]

Half year tomorrow.

Even though we know result they'll say what divie is going to be

Comment about trading in Feb/Mar should be positive

All in all share price should have a good day tomorrow .....mightn't reach 7 bucks though lol

That'll happen later in year

You confident about that, I'd have a bet that it won't reach $7 by year end along with FPH not reaching $35 by then either, make it a double bet, half on each.

[Basil]

Make it a bet of a decent bottle of old scotch on each and I'll hold the bet and promise not to drink it 
Agree...very unlikely either of those shares will achieve those lofty prices.  That said, HLG's share price recovery has been a bit surprising given the very well-known cost of living challenges consumers are facing.

[Breezy]

Make it a bet of a decent bottle of old scotch on each and I'll hold the bet and promise not to drink it 
Agree...very unlikely either of those shares will achieve those lofty prices.  That said, HLG's share price recovery has been a bit surprising given the very well-known cost of living challenges consumers are facing.

Not being a whisky drinker ill settle for a couple of bottles of Baileys or Ouzo, you in winner?

[winner (n)]

Not being a whisky drinker ill settle for a couple of bottles of Baileys or Ouzo, you in winner?

You should not encourage betting ......'investing' is bad enough

[Breezy]

You should encourage betting ......'investing' is bad enough

Give you a break from betting on the horses and greyhounds.

[winner (n)]

Wow ... great start to 2nd half of year

Group sales for the first seven weeks +8.3% ahead of the same period last year.

Along with a 24 cent divie this news should put a rocket under the share price

[Basil]

Looks to have been widely anticipated by the market.  Interesting that such a really strong and unusual increase in gross profit, (up 240 bps), was all eaten up with the increasing cost of doing business.  Dividend only 45% imputed v analyst expectations of 75% imputation.
Good increase in sales for the new season v PCP but it was a very weak second half last year.
Sales up 1.4% year to date now, (down 3.3% in inflation adjusted terms).
Its crystal clear that the cost of doing business is rising at a rate substantially higher than sales.  Hopefully once the cost-of-living crisis is over this will come back into balance, but I think the share price has already front run that expectation so what if it doesn't happen?

[winner (n)]

Grassona AU sales up $4.2m on last year but profit down $2.6m in spite of improved gross margin. No doubt what they have done in transferring some cost to Australia has some bearing on this.

Nonetheless Glassons AU sales still on the rise and they are still gaining market share.

Not spectacular stuff but pretty solid gains

Market share Oz clothing stores below

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[LoungeLizard]

Excellent result in tough trading conditions. NZ  still trailing behind but HLG still managing to increase their footprint in OZ, which is the key thing. Another juicy dividend for keepers of the faith