HLG - Hallenstein Glassons Holdings

[winner (n)]

HLG rave about their Instagram exposure - like 722k followers etc etc

Many of the metrics that marketers chase are not designed to serve the brand. They're designed to serve the platforms that provide those metrics but they are influencing the behaviour of marketers. There's a danger dependence on such metrics can harm the brand itself.

This has become known as a phenomenon called "technoplasmosis."

An old saying in marketing is "Not everything that counts can be counted, and not everything that can be counted counts."

Maybe it's this fear of technoplasmosis that's seen Popplewell coming back and doing some consultancy work ... just to see that Glassons and Hallensteins don't get carried away with modern technology and just do what the brands have done well for over 100 years

[winner (n)]

Popplewell back doing stuff for HLG

One pundit says maybe another Hucci type stuff up ....Hucci being Glassons Gucci look alike shirt

[Basil]

I think this is the third time they've broken above $10.  Third time lucky and this time it sticks or is it back into the late $9's for a while longer ?  Time will tell.  Cheapest GARP stock in Australasia I reckon.  I added even more yesterday.  Half year guidance should be out in late February and I'm looking forward to a record half year result and also a record high interim dividend in April.

[Dolcile]

Good buying Basil.   Sitting at a PEG ratio of about 1 strikes me as good value. 

[winner (n)]

Hope HLG doing a lot of this stuff and getting their 'agents' working flat out. Could be left behind if they ignore AI

Maybe 5hats what Popplewell in charge off lol

The AI First Fashion Company

https://www.bcg.com/assets/2025/executive-perspectives-ai-first-fashion-and-luxury-24nov.pdf

[winner (n)]

HLG share5 price $10.00 at moment

HANG IN THERE BABY .....stay above $10.00 please

[Basil]

HLG share5 price $10.00 at moment

HANG IN THERE BABY .....stay above $10.00 please

You can add "mind reader" to your list of talents, I was just thinking the same thing lol.  If they had a decent investor day and clearly articulated their growth strategy over the next 5-10 years like Turners are they might also be on a forward PE of 16 and we'd be saying hang in there baby and stay above $13.

[lorraina]

You know,I know,they know it is going to happen,so why bother.?....lol

[Basil]

There's a combined 41% earnings growth expected over the next 3 years to FY28 so even if HLG stays on the same ridiculously low PE ratio its currently on, the share price should grow to ~ $14 over the next 3 years and of course there's the ~ 8% gross dividend yield to enjoy while we wait but I would argue that some moderate PE expansion is long overdue for this superb company so $15+ in the next 3 years is not out of the question.
https://www.marketscreener.com/quote/stock/HALLENSTEIN-GLASSON-HOLDI-6495564/finances/

[winner (n)]

We need one of those cool charts from Ferg .... The one that shows the share price at different PEs

[winner (n)]

Basil, Forbar say the 12 month forward weighted PE for the New Zealand market is currently 25.3x

Jeez what would HLG if they average instead of below average

Or even a PE of 22 which is the median

[Basil]

No reason it couldn't be trading on the same PE as Briscoes which has averaged 20 times lately.
20 times EPS of an estimate of $1 in FY29 means with earnings growth and PE expansion three years hence the share price could potentially double and be $20 + 8% and rising dividends along the way.

Hey Winner, remember when we first bought in back in August 2016 at $2.70 and people thought we were crazy.  Gosh its basically quadrupled since then so maybe doubling in the next 3-4 years is not out of the question ?    Just over 12 times FY26 earnings is stupidly cheap for a proven growth compounder like HLG with an enormous runway for growth in Australia.  There's so much to like about how well the company is managed, also not forgetting there's no debt and ~ $60m, ($1 per share) in cash on the balance sheet too.

[winner (n)]

Hey Basil, you keep mentioning Briscoes and HLG and sort of asking why BGR has a much higher PE

You might find this chart will frustrate you further lol

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[Ferg]

Here you go folks:

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and another invention of mine:

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And the drivers of the SP change over the past 10 years:

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[Ferg]

Whoops - picked up the wrong sentiment graph - here it is up to Jan '26:

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