HLG - Hallenstein Glassons Holdings

[Basil]

(48 / 0.874) / 640 = 8.6% gross yield.

Assumptions.
1. Share price = $6.40
2. Final divvy 24 cps also imputed at 45%.

First half profit normally about 55% of annual total so if they can do $38.4m for the year that's 64 cents per share and the FY24 PE is 10.

Above metrics are pretty good but the rate of increase in CODB is the fly in the ointment in my opinion.

[winner (n)]

Fatter margins and 'Swiftie-mania' help Hallenstein Glasson's bottom line

It's all due to Taylor and Pink

https://businessdesk.co.nz/article/retail/fatter-margins-and-swiftie-mania-help-hallenstein-glassons-bottom-line

Probably paywalled

[KW]

https://www.afr.com/policy/economy/swifties-boost-february-retail-spending-amid-sector-struggles-20240328-p5ffxd

Clothing, footwear and personal accessory retailing rose 4.2 per cent and department store spending rose 2.3 per cent over the month, which the ABS said was connected to Swiftie spending.

"Fashion and accessory retailers told us offerings of Taylor Swift-inspired outfits and related do-it-yourself accessories added to turnover in February," Mr Dorber said.

Retail spending rose 0.3 per cent over the month, according to Australian Bureau of Statistics retail data out on Thursday, while underlying growth, which strips out effects of the Eras Tour, was almost stagnant.

[winner (n)]

Retail Watch sales data show March month total sales down 0.5% on last year

Clothing sales down 6.7%. ......furniture, home building supplies and bookshops didn't do too well either

Suppose something to do with Easter

[KW]

Retail Watch sales data show March month total sales down 0.5% on last year

Clothing sales down 6.7%. ......only building supplies and bookshops were worse

Suppose something to do with Easter

That will be all the now broke Swifties lol

[winner (n)]

Stats nz retail card spend says much the same as Retail Watch in that apparel sales for March month down 6% on last year

As HLG nz sales are a pretty constant share of these  numbers hard to see Nz doing much for the Group

Just as well Glassons AU continue to grow ...let's hope so 

[seaweed]

Stats nz retail card spend says much the same as Retail Watch in that apparel sales for March month down 6% on last year

As HLG nz sales are a pretty constant share of these  numbers hard to see Nz doing much for the Group

Just as well Glassons AU continue to grow ...let's hope so 

seaweed writing from Big Bear CA. You right, thanks to the Aussi stores, still think it is a good company but to hard to trade and I am a trader, so I'm out. Good luck to long holders, it is a good long hold but have been in long enough.   

[Basil]

Long time to the next dividend.  N.Z. economy probably tracking a bit weaker than expected is how I see it.

[LoungeLizard]

Still happy to hold. Excellent yield and that isn't going to change much, if at all. SP has held up well and will head up to $6.50 again come next dividend. New stores opening in OZ - still a lot of growth opportunity there to more than compensate for NZ doldrums.   

[Basil]

seaweed writing from Big Bear CA. You right, thanks to the Aussi stores, still think it is a good company but to hard to trade and I am a trader, so I'm out. Good luck to long holders, it is a good long hold but have been in long enough.   

Nice timing on getting out mate.  Well done.  Has absolutely tanked today without your support.  You're a jetsetter and a trend setter.  Looking forward to having you out on the boat again when you're back in N.Z.  Headed back to low $5's arguably where it belongs?

[LoungeLizard]

Only 2000 shares traded today. And about 400 shares sold at 25c lower than the daily average, right on close of play. Hmmm....

[Waltzing]

Sydney womens clothes design said today another 12 months before the KANGAS go shopping till they drop...

chart is flat ... could stay her for a while one hopes... no dire news..

 

[Basil]

Inclusion in NZX50 is subject to passing ongoing liquidity tests.  Hope it doesn't get booted out in due course due to lack of liquidity or share price tanking.

[Waltzing]

back to being a nice untidy chart and trade able then... not so bad news...

[ValueNZ]

Inclusion in NZX50 is subject to passing ongoing liquidity tests.  Hope it doesn't get booted out in due course due to lack of liquidity or share price tanking.

Didn't you make somewhere around 5% in a couple of months from OCA getting booted from an index? Thought you'd be praying for another one of these situations.

Even if you're currently a shareholder of HLG (I haven't read any other posts), you should be happy to pick up more at a lower price right? That's how I felt about OCA anyway.