HLG - Hallenstein Glassons Holdings

[LoungeLizard]

HLG due to report later this month

Maybe they'll say how things have this week

Glassons AU sales were up 4% in H2 and stsrt of H2 sounded promising.

Maybe Glassons AU sales will be up close to 10% for full year .... That'll boost profits and as long as NZ hasn't really stuffed up HLG should have a good year

I've stuck with them as they are such good, dependable dividend payers. Hopefully another 24c divvy come December.   

[Basil]

Nice mini uptrend since early winter. Maybe Spring really is here

[winner (n)]

Who says retail is going through tough times

HLG Sales +6% and profit up 15%

Not too shabby

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/HLG/437495/426517.pdf

Laser eye will be happy as

[Basil]

The Taylor Swift effect is very strong.  No cost-of-living crisis for the people attending her concerts eh.  I am sure they are happy to rack up thousands on their credit cards and pay it off later.  Shame she doesn't come to Australia every year and New Zealand for that matter...oh dear...that's right, Eden Park noise restrictions stuck back in the dark ages.

[ezek22]

What do you guys understand for:

"Group net profit after tax is expected to be within the range of $34.0 million to $34.75 million (prior year $32.0 million). This includes a net non-cash deferred tax expense of approximately $1.1 million connected to changes in tax legislation on the deductibility of depreciation on non-residential buildings."

I don't get if that deferred expense should be added or subtracted to normalize earnings.

[Basil]

Normalizing it gives $35.1m - $35.85m, (midpoint $35.48m) compared to last year $32.0m, up 10.9% and represents eps of 59.5 cents per share on 59.65m shares.

Looks like the resident reptiles December dividend of 24 cps is likely.  The degree of imputation credits?,  who knows...last time imputed at just under half the normal rate.

[LoungeLizard]

Market likes it - up 13c. There's a total potential of 48cps coming investors way in  Dec and April. With low liquidity I can see another 20-30c in SP growth as the dividend hounds swoop in. Good times for holders.

[KW]

Nice update - increased revenue AND margin.  Its been stuck in a trading range since May last year, but is looking like it might break out of it shortly.  Setting up nicely and definitely one to be watching.  Once it clears its overhead level there should be nothing stopping it, bar an Australian recession and deeper NZ recession (hopefully not!)

No rate cuts for Aussie scheduled in the next 6 months, so no relief there.  But the share price action of my Aussie SCG and VCX would suggest that they are now being priced in again, and retailers are taking off as a result.

[Waltzing]

yes it shot up today like a falcon 9 ....

miracle update .... makes some others in the retail field look a bit silly...

wonder where they got goodies to sell from ....

where ever it was it clearly made them money... gosh what are they going to make going forward.... lots maybe...

could see retail stocks take off again inside 12 months as even BRIS has caught a strong bid...

some laggies like KMD still in the doledrums...

notice team NZ has a weakness in its tacking when it has no oil in the system... bit like an economy... needs the oil to move the hydraulics...

pedal harder people...

[Basil]

Falcon 9 hit a bit of an air pocket today. Can't help wondering what the overall "one-off" Taylor Swift Era's tour effect has been in the second half.  Literally hundreds of thousands of people attended her concerts in Australia and I am sure many wanted to look as "shiny" as possible doing so. 

I am not making this stuff up.  Investopedia even has a name for it and its well-recognized as having a very strong economic effect.  It's called Swiftonomics.  https://www.investopedia.com/swiftonomics-definition-8601178

Extract the quite material, (in my view), one off effect from that and I suspect the HLG golden goose is not quite as shiny as it appears at first glance but nevertheless, a well-managed company that's navigated the retail recession very well. 

[Waltzing]

yes the effect is well reported on CNBC as causing inflationary effects in europe..

off topic...

lots of stuff going up ... would be great to see NZ and ASX stocks going up...

https://spaceflightnow.com/launch-schedule/

LVMH has sold off on asia sales being down...

HLG done well then..

next OCR cut coming soon and lots of them... by march things could look a lot different from these dark days....

[Basil]

next OCR cut coming soon and lots of them... by march things could look a lot different from these dark days....

9 October can't come quickly enough.  Hopefully Orr realizes the huge damage he's done and cuts by 50 bps.  Frankly, the economy desperately needs that sized cut immediately don't you think ?

[winner (n)]

Falcon 9 hit a bit of an air pocket today. Can't help wondering what the overall "one-off" Taylor Swift Era's tour effect has been in the second half.  Literally hundreds of thousands of people attended her concerts in Australia and I am sure many wanted to look as "shiny" as possible doing so. 

I am not making this stuff up.  Investopedia even has a name for it and its well-recognized as having a very strong economic effect.  It's called Swiftonomics.  https://www.investopedia.com/swiftonomics-definition-8601178

Extract the quite material, (in my view), one off effect from that and I suspect the HLG golden goose is not quite as shiny as it appears at first glance but nevertheless, a well-managed company that's navigated the retail recession very well. 

Swifties no doubt helped but momentum building since the concerts in February

Half year to January sales were flat v pcp ...... February / March (Swifties time) sales were up 8% ...but for the whole Feb/July period sales up 21%

The period post Swifties has been enormous ...even better than when Taylor was around

[Waltzing]

a panic 50?  hope so!!!

gosh...what to buy the day before..

[winner (n)]

9 October can't come quickly enough.  Hopefully Orr realizes the huge damage he's done and cuts by 50 bps.  Frankly, the economy desperately needs that sized cut immediately don't you think ?

Suppose this chart means a lotYou cannot view this attachment.