HLG - Hallenstein Glassons Holdings

[Basil]

One of the directors I spoke with asked me why I had invested in the company. I said I was happy with growth in the SP, but now I am retired, my main purpose was income to fund my overseas travel. She replied that I should be away a lot more in future years!

Good to hear Pierre and thanks for sharing.
Gosh if HLG pay 82 cps dividends in FY28 as per consensus analyst forecast, as a top 40 shareholder you're going to have a lot of money to burn through on travel.   Bali won't cut the mustard mate. Fortunately, I'm here to help and hear that Switzerland is a fabulous place to burn through large chunks of money in August.  Fly first class into Zurich, stay at 5 star hotels for a month and visit plenty of attractions.  That'll solve your very nice to have problem lol. 
https://www.swissrailways.com/en/buy-mountain-excursions-tickets

[Dolcile]

I'm still feeling chuffed about picking up another $30k worth of HLG on wednesday at $9.27.   Too good to turn down after the 13.8% revenue growth was announced.   

[Basil]

Likewise, it almost felt like legalized stealing.  We should both spend a night locked up in the cells to pay penance lol

[Pierre]

I thought it might be another good day for HLG but wasn't anticipating it would close at $9.90.

I hope Basil and Dolcile are feeling extremely guilty about having stolen shares in the $9.20s a couple of days ago.

And I'm guessing LL might be licking wounds at having missed the HLG bus - especially as we are also being paid a handsome 30.5cps dividend tomorrow.
Oh well, you can't help bad luck!

It all makes for a very merry Christmas - and it definitely looks like a prosperous year ahead for holders!

[Basil]

I thought it might be another good day for HLG but wasn't anticipating it would close at $9.90.  I hope Basil and Dolcile are feeling extremely guilty about having stolen shares in the $9.20s a couple of days ago.

It was only yesterday mate.  Its starting to look like a morally heinous crime so at least two nights in the can seems more appropriate now lol

[Waltzing]

some lovely rail trip in that country.. truly fabulous....

https://www.alpenwild.com/trip/scenic-alps-by-rail/overview/

[Basil]

Voting results https://api.nzx.com/public/announcement/464330/attachment/458703/464330-458703.pdf

Getting a bit older and slower these days and missed a little something yesterday that just crossed my mind.
First 7 weeks sales up 12.9% YTD per annual report.
First 18 weeks sales up 13.8% YTD per yesterday's annual meeting.
It would appear the most recent 11 weeks have been up more than 13.8% because of the marginally lower growth rate in the first 7 weeks.
Fortunately even at this hour I can still remember how to solve that equation and the answer is, sales in the most recent 11 week period have been up 14.4% on last year.

[Dolcile]

Well done on sniffing that out Basil.  You've still got it!

[Pierre]

Good work Basil!
Did you see in today's market report published on NBR that ForBarr analysts have increased their target price for HLG by 65cents to $11.75?
They predict that sales growth will continue through the Christmas period and continue to rate the company as Outperform.

[winner (n)]

Good work Basil!
Did you see in today's market report published on NBR that ForBarr analysts have increased their target price for HLG by 65cents to $11.75?
They predict that sales growth will continue through the Christmas period and continue to rate the company as Outperform.

Jeez $11.75 target from Forbar. Good one

My projected $518m revenues should lead to Npat of about $48m

That's an eps of 80 cents

At $11.75 target still only a PE of 14 ....on forward looking basis a PE just over 12 today

Looking good

[Dolcile]

Pierre, have you got a link to that NBR article ?thank you

[Pierre]

Pierre, have you got a link to that NBR article ?thank you

Unfortunately, it's paywalled. You have to be a subscriber to gain access.

[Dolcile]

I am a subscriber I just can't find the one you are referring

[Pierre]

I can't find it this morning either!

It was NBR's report on yesterday's market activity and I read it late last evening.

I dont know why, but it appears to have been dropped from the website today.

It referred to a note that ForBar had issued yesterday to their clients about HLG.

I'm  not a ForBar client but maybe someone on here who is can provide a bit more detail?

[Dolcile]

That's a shame, thanks for checking Pierre.