HLG - Hallenstein Glassons Holdings

[Dolcile]

HLG drops 3% on 500 shares traded 

[BlackPeter]

HLG drops 3% on 500 shares traded 

No surprise with president Dump now in office. This is just the beginning ;

[Basil]

Not sure what effect if any on trade between, say Bangldesh where they source a lot of product and New Zealand and Australia ?

People still need clothes and want to look good even if there is some minor effect from Trump.

I'm not concerned in the slightest.

[Greekwatchdog]

Not sure what effect if any on trade between, say Bangldesh where they source a lot of product and New Zealand and Australia ?

People still need clothes and want to look good even if there is some minor effect from Trump.

I'm not concerned in the slightest.

How does HLG manage the currency? Cross Rate USD/NZD is terrible and only likely to go lower over the next few months. That would be my only concern in short term.

The young ones who they target primarily love to shop and spend

[LoungeLizard]

HLG drops 3% on 500 shares traded 

Live by the sword, die by the sword. SO easy for this stock to attain artificial highs and lows on meagre trading. I note there's now a few individuals bidding for a few ten's of stock trying to boost the SP back up.
I wonder if HLG's NZX50 inclusion could be threatened by such low liquidity?

[Ferg]

How does HLG manage the currency? Cross Rate USD/NZD is terrible and only likely to go lower over the next few months. That would be my only concern in short term.

Refer posts 1338 to 1344 for a couple of posts on this topic:
https://stocktalk.co.nz/index.php?topic=132.msg28194#msg28194

[Basil]

Live by the sword, die by the sword. SO easy for this stock to attain artificial highs and lows on meagre trading. I note there's now a few individuals bidding for a few ten's of stock trying to boost the SP back up.
I wonder if HLG's NZX50 inclusion could be threatened by such low liquidity?

There's low liquidity in a lot of stocks at present.  I think a lot of professional investors and fund managers are still on holiday.

Interesting that the $U.S. dropped about 1% on a trade weighted basis, (Kiwi and Aussie dollar jumped by a commensurate amount), the day of Trump's inauguration.

[Greekwatchdog]

Interesting that the $U.S. dropped about 1% on a trade weighted basis, (Kiwi and Aussie dollar jumped by a commensurate amount), the day of Trump's inauguration.
[/quote]

Well CPI due tomorrow so be interesting to see where the NZD goes after that and it looks a given we get a 50 point cut to interest rates on the 19th Feb.

[Basil]

Well CPI due tomorrow so be interesting to see where the NZD goes after that and it looks a given we get a 50 point cut to interest rates on the 19th Feb.

Hope so, the economy desperately needs it and lower interest rates make high yield stocks like HLG much more attractive to investors.  I would say a 50-bps cut has been fully built into market expectations ever since the last cut in November last year.
https://www.interest.co.nz/business/131538/monthly-retail-spending-figures-ended-year-stronger-footing-after-much-weakness

[Pierre]

https://7news.com.au/news/millers-and-noni-b-to-be-wound-up-as-receivers-for-parent-company-mosaic-brands-fail-to-secure-buyer-c-17546183

[Basil]

https://7news.com.au/news/millers-and-noni-b-to-be-wound-up-as-receivers-for-parent-company-mosaic-brands-fail-to-secure-buyer-c-17546183
Its a shame that Rivers is also being wound up.  They make really awesome shoes.

Less competition for Glassons from all these receiverships.
Noting HLG touched an all-time high today of $8.54 on very strong volume.

[winner (n)]

Yep, all those customers need to shop elsewhere and I betcha they'll be surprised with the offering and say to themselves wish I had known about Glassons earlier

[lorraina]

I expect Glassons Australia will be offered some excellent sites by Mall landlords.
 

[Turkey]

Yep, all those customers need to shop elsewhere and I betcha they'll be surprised with the offering and say to themselves wish I had known about Glassons earlier

Last time I looked nonib target customers were 45 - 65yrs and millers 50+ yrs.

I'd say if the mums and grandmas from nonib start turning up at Glassons were the daughters shop....there will be trouble.  Maybe Glassons can add some plus sizes for the new market opportunity..lol

[winner (n)]

Probably get an update from HLG in next week or two ...with profit guidance for first half

ABS report clothing sales in December were 5% ahead of last year ...add Glassons share gains to that and its looking good

Expect good news and HLG share price over 9 bucks by end of month