HLG - Hallenstein Glassons Holdings

[winner (n)]

Household spend up Aust up strongly in October

One of strongest categories was clothing, +3.5% month on month

Good news next week at ASM

[Basil]

Should be a great week. Monster divvy to be paid out on Friday next week is a real problem solver for Christmas and the summer holidays and then another huge divvy is due in April !

[Dolcile]

I am coming into some cash in the coming days and struggling to decide whether I add more TWR or more HLG.   Maybe I just got 50/50.   

[Pierre]

I am coming into some cash in the coming days and struggling to decide whether I add more TWR or more HLG.   Maybe I just got 50/50.   

Dont forget to consider TRA too!

[Dolcile]

Yeah I've already got plenty of TRA :-)

[winner (n)]

Retailwatch shows NZ sales for November +6.7% on last year

Clothing up 6.7% ...wow ...even Hallensteins improving?

No doubt HLG management will be happy at ASM

[Basil]

I bought a few more yesterday. Couldn't help myself run my own DRIP scheme before I get the dividend next week. I look at it this way, I bought my future self a very good Christmas present with that dividend due shortly. That Christmas present will be very useful in my retirement. Might run my DRIP again with the April dividend next year.

[Pierre]

I bought a few more yesterday. Couldn't help myself run my own DRIP scheme before I get the dividend next week. I look at it this way, I bought my future self a very good Christmas present with that dividend due shortly. That Christmas present will be very useful in my retirement. Might run my DRIP again with the April dividend next year.

I've been retired a few years now and using dividend income to fund lots of travel. Last year we spent 2 weeks in Western Australia, ending with 4 nights on the Indian Pacific train to Sydney. Then a month in Bali escaping the winter. In September/October, 7 weeks in France, Spain, Portugal and the Canary Islands.
We've got 4 trips planned for next year: Melbourne & Tasmania, Sth Island/West Coast, Bali (our annual pilgrimage), 7 weeks in Italy, Greece & Croatia.
We've got nothing to show from our divvies from HLG, TRA and a few others - just lots of photos and heaps of great memories!

[winner (n)]

Pierre ... train journeys

Have you done the darwin to Adelaide one

[Basil]

I've been retired a few years now and using dividend income to fund lots of travel. Last year we spent 2 weeks in Western Australia, ending with 4 nights on the Indian Pacific train to Sydney. Then a month in Bali escaping the winter. In September/October, 7 weeks in France, Spain, Portugal and the Canary Islands.
We've got 4 trips planned for next year: Melbourne & Tasmania, Sth Island/West Coast, Bali (our annual pilgrimage), 7 weeks in Italy, Greece & Croatia.
We've got nothing to show from our divvies from HLG, TRA and a few others - just lots of photos and heaps of great memories!

Sounds great !

[Pierre]

Pierre ... train journeys

Have you done the darwin to Adelaide one

Yes, we've done the Ghan -except we did the reverse trip - Adelaide to Darwin. We've also done the Great Southern - Brisbane to Adelaide. That runs December to February when it's too hot to travel through the centre on the Ghan. We enjoyed all trips but the Gt Southern was our favourite.

[Ferg]

Nice one Pierre.....great to see you enjoying the fruits of your investments.

On that topic but off topic, recently I have been thinking about the suitability of using IRR when assessing an investment.  The IRR assumes subsequent cash inflows are reinvested at the same rate of return.  But as per Pierre's anecdote, this is not actually the case for many investors.  In which case the MIRR (modified IRR) function is a better tool which can be set to assume subsequent cash inflows are NOT reinvested and instead earn 0%.

Back on topic....looking forward to the upcoming AGM.  I will try to watch it online barring incidents, accidents, good surfing conditions or good fishing conditions....

[Basil]

In the last 6 annual meetings the average sales growth announced for the first few months of the new trading year has been 9.6%.

CAGR in EPS last 5 years has been 9%.

Anything above 9.6% sales growth for early trading in FY26 is above average growth. Given the well known cost of living pressures this year I'd be very happy with 7-8% sales growth so far this year. Rome wasn't built in a day and I also think we are just past the bottom of the retail cycle and things should improve from here.

New distrbution centre being commissioned later this financial year so they're setting the groundwork for more expansion in FY27 and beyound.

[Jay]

...Bali (our annual pilgrimage), 7 weeks in Italy, Greece & Croatia.
We've got nothing to show from our divvies from HLG, TRA and a few others - just lots of photos and heaps of great memories!

Good on Pierre
Off topic, but what is the attraction of Bali for a retired couple (without knowing your age) - never been myself

[winner (n)]

In the last 6 annual meetings the average sales growth announced for the first few months of the new trading year has been 9.6%.

CAGR in EPS last 5 years has been 9%.

Anything above 9.6% sales growth for early trading in FY26 is above average growth. Given the well known cost of living pressures this year I'd be very happy with 7-8% sales growth so far this year. Rome wasn't built in a day and I also think we are just past the bottom of the retail cycle and things should improve from here.

New distrbution centre being commissioned later this financial year so they're setting the groundwork for more expansion in FY27 and beyound.

Don't forget H125 they reported a 'flat' result so we should be expecting something better this time around.

H125 Glassons AU sales were up 16% on pcp. Group sales in NZ were basically flat.

This H126 expect Glassons AU to continuing growing but I'd expect Group sales in NZ to be up 6%/7%. So your 7%-8% is going to be 11%/12% I reckon

Bring it on