HLG - Hallenstein Glassons Holdings

[Waltzing]

well that was a trade.... back to lower bound and maybe heading down again till some news.

 

[winner (n)]

Tough world this fashion business

Probably stole a few Glassons ideas as well

https://www.stuff.co.nz/life-style/style/131069707/acclaimed-new-zealand-fashion-designer-adrian-hailwood-facing-intellectual-property-breach-investigation-as-duplicate-designs-emerge

[KW]

Tough world this fashion business

Probably stole a few Glassons ideas as well

https://www.stuff.co.nz/life-style/style/131069707/acclaimed-new-zealand-fashion-designer-adrian-hailwood-facing-intellectual-property-breach-investigation-as-duplicate-designs-emerge

That is really shocking.  Its literally the same as BMW buying a cheap Chinese brand car for $10,000, rebadging it, and selling it as a BMW designed and built car for $100,000.  The Commerce Commission really needs to get stuck into that guy, for a host of illegal practices.

[Basil]

I think Hallensteins need to lift their game with their Tee Shirts which all seem a bit lame with their designs.

Genuine question, where do you draw the line with this sort of thing ?
Here's one t shirt that's really cute https://www.bing.com/images/search?view=detailV2&ccid=r2WrceyK&id=7E02EC4BA409AE24830E0D84E8D235D6F1020D19&thid=OIP.r2WrceyKsvxRQyernYKVIgHaHa&mediaurl=https%3a%2f%2fi.pinimg.com%2foriginals%2f52%2fe8%2f5d%2f52e85da5c307624d50cab0bce9a9544f.jpg&cdnurl=https%3a%2f%2fth.bing.com%2fth%2fid%2fR.af65ab71ec8ab2fc514327ab9d829522%3frik%3dGQ0C8dY10uiEDQ%26pid%3dImgRaw%26r%3d0&exph=1155&expw=1155&q=beagle+dog+tee+shirts&simid=608024312796433018&FORM=IRPRST&ck=4F2E2A803D9F0497C3A4AE5AB88684CB&selectedIndex=1&ajaxhist=0&ajaxserp=0
If Hallensteins photographs a different Beagle and puts it on a T Shirt in a similar way is that actionable?

[Hectorplains]

I think Hallensteins need to lift their game with their Tee Shirts which all seem a bit lame with their designs.

Genuine question for you KW with your legal background, where do you draw the line with this sort of thing ?
Here's one t shirt that's really cute https://www.bing.com/images/search?view=detailV2&ccid=r2WrceyK&id=7E02EC4BA409AE24830E0D84E8D235D6F1020D19&thid=OIP.r2WrceyKsvxRQyernYKVIgHaHa&mediaurl=https%3a%2f%2fi.pinimg.com%2foriginals%2f52%2fe8%2f5d%2f52e85da5c307624d50cab0bce9a9544f.jpg&cdnurl=https%3a%2f%2fth.bing.com%2fth%2fid%2fR.af65ab71ec8ab2fc514327ab9d829522%3frik%3dGQ0C8dY10uiEDQ%26pid%3dImgRaw%26r%3d0&exph=1155&expw=1155&q=beagle+dog+tee+shirts&simid=608024312796433018&FORM=IRPRST&ck=4F2E2A803D9F0497C3A4AE5AB88684CB&selectedIndex=1&ajaxhist=0&ajaxserp=0
If Hallensteins photographs a different Beagle and puts it on a T Shirt in a similar way is that actionable?

277 t-shirt designs according to the website.  There must be something there for you, Basil?  The eye opener for me is their licensed gear... that is also selling at Kmart...for less.   

[KW]

I think Hallensteins need to lift their game with their Tee Shirts which all seem a bit lame with their designs.

Genuine question, where do you draw the line with this sort of thing ?
Here's one t shirt that's really cute https://www.bing.com/images/search?view=detailV2&ccid=r2WrceyK&id=7E02EC4BA409AE24830E0D84E8D235D6F1020D19&thid=OIP.r2WrceyKsvxRQyernYKVIgHaHa&mediaurl=https%3a%2f%2fi.pinimg.com%2foriginals%2f52%2fe8%2f5d%2f52e85da5c307624d50cab0bce9a9544f.jpg&cdnurl=https%3a%2f%2fth.bing.com%2fth%2fid%2fR.af65ab71ec8ab2fc514327ab9d829522%3frik%3dGQ0C8dY10uiEDQ%26pid%3dImgRaw%26r%3d0&exph=1155&expw=1155&q=beagle+dog+tee+shirts&simid=608024312796433018&FORM=IRPRST&ck=4F2E2A803D9F0497C3A4AE5AB88684CB&selectedIndex=1&ajaxhist=0&ajaxserp=0
If Hallensteins photographs a different Beagle and puts it on a T Shirt in a similar way is that actionable?

Its about what you think you are buying.  If I shop at HLG I expect to buy generic clothes, not a label, and certainly not a one-off couture design.  HLG can photograph a different beagle and put it on a t-shirt and that's fine, as its the design that is copyrighted not the idea.  HLG can also buy the t-shirts and resell them in their store, so long as they have the permission of the person who owns the copyright in the design.  Customers don't care because they are buying a t-shirt not the design.  Customers don't have an expectation of exclusivity, because they know lots of stores stock Levi's jeans for instance.  With clothes shops you expect them to have sourced their clothes, rather than to have designed them from scratch.  Stores employ Buyers not Designers.

But there is a big difference between shopping at a store for generic clothes, and buying an item from a "fashion designer" - there you are most definitely buying the design (the hint is in the word "designer" lol), and you expect it to be original, and exclusive to that label.  Any copying of that design is unlawful, and usually big fashion houses will go after anyone who is counterfeiting their clothes.  So for a fashion designer to be selling clothes that he did not design, that are not exclusive to his label, and are simply resales of generic "off the rack" clothes (some being owned by actual labels), is misleading, deceptive, and constitutes passing off (https://en.wikipedia.org/wiki/Passing_off)

[winner (n)]

Westpac Oz card tracker to end of last week says "....month-to-month comparisons suggest broader underlying momentum is still holding at a solid pace. "

Só clothes doing well and Glassons AU doing better than well

Will get an idea how well next week

[Waltzing]

Kumar says US dollar heading higher on FED panic about to resume...

What that sound....

lets hope its the sound of AUSSI gals shopping..

https://www.youtube.com/watch?v=pa14VNsdSYM

and not ...

https://www.youtube.com/watch?v=bjSpO2B6G4s

[KW]

Data released yesterday by the Australian Bureau of Statistics (ABS) shows that real after-inflation retail spending fell by 0.2% quarter-on-quarter in the final three months of 2022.

Department store sales volumes fell by 2.9% over the December quarter, while fashion sales volumes were down 2.3%. 

Commenting on the result, Ben Dorber, ABS head of retail statistics, explained that "retail sales volumes fell for the first time since the September quarter 2021, with volumes falling across all non-food industries as consumers tightened discretionary spending in response to mounting cost of living pressures".

[Basil]

And yet despite this and pretty modest N.Z. retail statistics HLG sales were up 41% year to date to mid December 2022.  You need to get with the program KW and start wearing cool HLG gear 

Still expecting record ever first half guidance to be issued on or about 17 February and I am well positioned for the XXXXL dividend in mid April.

[winner (n)]

Bit of downramping on other site ...like HLG a cyclical and hard times ahead with the inevitable drop in the share price ... and saying this is a dividend trap and a pathway to massive capital value fluctuations that will test even the most hardened investors resolve.

Probably a few punters missing out and can't recognise a good thing when they see on.

Never mind - half year result next week will be good, surprisingly good.

[BlackPeter]

Bit of downramping on other site ...like HLG a cyclical and hard times ahead with the inevitable drop in the share price ... and saying this is a dividend trap and a pathway to massive capital value fluctuations that will test even the most hardened investors resolve.

Probably a few punters missing out and can't recognise a good thing when they see on.

Never mind - half year result next week will be good, surprisingly good.

Possibly, perhaps even probably. However - don't forget: markets are forward looking (if they happen to have a rational moment, this is ...).

Anyway ... so many amazing investments around these days, you can't possibly catch all of them.

[Whome]

Possibly, perhaps even probably. However - don't forget: markets are forward looking (if they happen to have a rational moment, this is ...).

Anyway ... so many amazing investments around these days, you can't possibly catch all of them.

I would call HLG one of those amazing investments with a 9% divi yield in the current investment climate on that basis alone. Add to that the possibility of up to 80% imputation credits in April, and probably share price appreciation thanks to Glassons AU (flagged by the ST gurus here back in December), what's not to like.

BP, what other amazing investments are on your list. I am always interested in other investors strategies.

Disclosure: Feeling well positioned as a HLG investor.

[BlackPeter]

I would call HLG one of those amazing investments with a 9% divi yield in the current investment climate on that basis alone. Add to that the possibility of up to 80% imputation credits in April, and probably share price appreciation thanks to Glassons AU (flagged by the ST gurus here back in December), what's not to like.

BP, what other amazing investments are on your list. I am always interested in other investors strategies.

Disclosure: Feeling well positioned as a HLG investor.

Never mind the dividend yield when you pay for it with risking your capital. Market is not stupid, and if they pay you such a huge dividend yield, it means that market sees some huge black clouds at the horizon.

Just remember the times when ST Gurus told us how cheap AIR is at 2 to 3 dollars per share ... and this amazing dividend yield AIR will clearly pay until the end of all days.

HLG is clearly a cyclical ... and while it's SP sort of plateaued half way down, I am not that certain to bet on it omitting the lower part of the cycle and going back up directly from here - with a recession in the wings. It is amazing how people spend as long as they still have money to throw away, but wait until the mortgage renewal is due. If the choice is mortgage payment, payment for the car, food or a new T-shirt ... well, I know what I would drop first.

But never mind - many people spend as if there is no tomorrow ... so why shouldn't investors behave the same way?

Not sure whom you are referring to as "ST Guru". As a rule - nobody can predict future share prices ... i.e. better invest into shares based on your own research. While your capability to predict future share prices clearly won't be different to anybody else's ... at least you won't need to blame (or credit) anybody else for your loss or gain.

Where do I see currently investment opportunities? Well, if I need to pick cyclicals, than I pick them at (or around) the bottom of the cycle. Just check some blue chips until recently in the down ramp cycle from "ST Gurus". In NZ: REITS, Retirement villages (e.g. ARV, OCA and shock horror even RYM) and building companies (e.g. FBU, STU). Transport is always good when the economy gets our of a recession - I hold e.g. MFT. This is where my money goes.

Internationally - did you notice how cheap most of the companies currently are who produce stuff people need, be it (good quality) cars, building industry, electronics, medical equipment? Picking the good ones is like shooting fish in a barrel (not that I would do that to fish).

Anyway ... sorry for the interruption. I am sure the next result will be amazing, however it looks - and who is worrying about tomorrow anyway?

[Basil]

Laughable how the downrampers are calling this a cyclical and warning of capital losses.  Since Glassons Au achieved critical mass in FY17 shares have doubled from $2.75 !