HLG - Hallenstein Glassons Holdings

[Basil]

If so, this is a remarkable achievement and management is far ahead of world trends in retail and consumer behaviours and tastes.

Here it is https://www.glassons.com/nz/sustainability

[winner (n)]

When's the update ....this week?

[BlackPeter]

HLG will be hoping this new fashion doesn't catch on......

https://www.abc.net.au/news/2023-02-12/fast-fashion-industry-environmental-toll-amid-greenwashing/101912482

"Early in 2023, like millions of other Australians, Kate Hulett made a new year's resolution....

Fast fashion is a major problem in many developed countries

A huge amount of unwanted clothing ends up in landfill

There's a push for the clothing industry to be more accountable

Knowing it was a pledge she would struggle to keep, she put it on social media, declaring to her 8,000  followers:

"No new clothes in 2023."

Why? Actually HLG are leading this trend. Their clothes are that good that you don't need to replace them for decades. The Toyota of shirts.

Still wearing some Hallenstein shirts I used to purchase in the last 1990íes ... and they are still good.

Now - this is sustainable, isn't it?

[Basil]

When's the update ....this week?

In 2020, 2021 and 2022 they issued a trading update and first half profit guidance on 17 February.

[Left Field]

Hope KMD update bodes well for HLG's up and coming result. GLH.

https://www.nzx.com/announcements/406617

[Waltzing]

Hope so LF... hope so...

Big surprise that KMD.

[winner (n)]

'Extraordinary' said Vicinity who own Chadstone Mall in Melbourne and other malls.

'Extraordinary' in respect of clothing, footwear and jewellery flying off the shelves across the country even though there's supposedly tough times for consumers

Glassons doing well I'd say

[Waltzing]

US retail data and inflation....

https://www.cnbc.com/2023/02/15/us-treasury-yields-investors-digest-latest-inflation-data.html

the weather here will have hit feb retail and could lower 1 QTR NZ retail.

 

[Perky]

Glassons doing well I'd say

I think your probably right winner. I'm expecting Australia to have performed well and NZ to be pretty average. Retail demand clearly been slowing in NZ last few months but probably only just starting in Australia



I'm not sure mr market is in the mood for rewarding good performance.
I think mr market is nervous and asking companies "what is coming next" with regards to increased cost of doing business and predicted slowing consumer demand.

One thing I'm noticing this reporting season is cost inflation or the cost of doing business is really starting to impact profits.

HLG low debt and strong balance sheet will put them in good stead but I'm sure their not immune to this cost inflation impacting their profit especially staff costs, freight and rent.

Hope you and Basil are rewarded for you enthusiasm for this share.

I personally think reported sales will be good but cost of doing business will be higher than many punters are picking so overall result may not be that great.

[winner (n)]

Perky ...I think many will be surprised at NZ performance in H1 ......likely to be much better than average

Yes, expenses will be one line to watch. In particular the employee costs which had been going up more than I would have liked..... and then this a reporting period when there's been no wage subsidies or rent relief so at least is an 'normalised' figure.

[Waltzing]

Go Aussi GO!

https://www.theage.com.au/business/companies/extraordinary-spending-from-luxury-shoppers-boosts-vicinity-centres-outlook-20230215-p5ckp3.html

[Basil]

I've modeled this up with stiff increases in the cost of doing business.

Many will be surprised with N.Z. performance but as usual Glassons A.U. Will be the star performer.

[Waltzing]

Winner()  have you got xcell stockhistory working re ASX: ticker?

appears to be some date ranges that dont work according to forums

got some NZX working last year

[Fiordland Moose]

this ChatGPT is rather clever - here is it's wee ode to you Hallensteins holders on the eve of the profit guidance (all for good fun).

'Twas the night before the profit announcement,
And all through the land,
Investors were stirring, their excitement at hand.

The whole gang was present yes they were there,
Eagerly dreaming of ballooning profits beyond compare.

"Oh my goodness, it's dividends galore,
What goodies should I spend them on, perhaps just a few more?"

For Hallenstein Glassons had a stellar year,
Operating without lockdowns or Covid fear.

Their tills were running red, their online sales bustling,
Glassons Australia was firing red hot, it was nothing short of astounding.

New Zealand was more modest, but not shot,
For Hallenstein Glassons was a company that gave it all they've got.

Their future was bright, their prospects grand,
And the investors knew that they had a winning hand.

They could hardly wait for the morning light,
To see what treasures the profit announcement would ignite.

And when the dawn broke, and the announcement was there,
The investors cheered, for the results were so good it didn't seem fair.

Record half-year profits, dividends to be had,
The investors were thrilled, they were overjoyed, they were glad.

Their financial dreams fulfilled, their hearts overjoyed,
Their anxiety was washed, and downsides now seemed void.

So let us raise a glass to Hallenstein Glassons,
For they've made a loyal band of investors, overjoyed!

[Waltzing]

So let us raise a glass to Hallenstein Glassons
as they continue to sell  teens hot fashions

 used overjoyed 3 times.

and open AI will be useful when it can process FA results from Tagged objects and untill them its just a big N NET.

as Munger said... its over hyped.. still impressive stuff those N Nets.