HLG - Hallenstein Glassons Holdings

[Waltzing]

Winner() probably continues to trade at a discount until it gets in the NZX 50 if it ever does...

AUS Glassons performance the saviour here?

Your number crunching is better than AI....

that AI chat was a C -..

[winner (n)]

The amazing story will see share price go up today I reckon - or be higher this time next week

[Waltzing]

 great maths winner()...

back to abstract multi entity financial reporting and document automation....

[Rawz]

Record result = C pass grade. Tough critics but i guess with the best companies they are held to a high standard.

[LoungeLizard]

Looks like people have got over their initial disappointment that it wasn't a stellar result - just a very good one. SP firming up to around $5.50. I would expect that to bump up further once the increased divvy is announced. Happy holder.

[Waltzing]

rate hlding over 5 till well into 24...

plenty of time to pick through the numbers and that big flat period in 13 to 17 was without AUS...

still the market discounts this stock historically which means  under 5 reaps a huge div ..

world has just been through an un usually high period of supply chain shocks...

[Basil]

Subsequent to my forecast in November at the December annual meeting freight rates still being very elevated was mentioned so there is probably some material effect on gross margin I should have updated there.

I also think the extremely wet summer with the wettest January on record has dampened N.Z. sales as total sales undershot my expectations of $235m by more than $11m.

HLG are known to lock in forward cover on FX on committed purchases so I think a lot of this seasons stock with longer lead times for shipping was locked in the mid to high U.S.50 cents range prevailing in late Autumn and early winter. Gross margin pressure looks like the main thing I could have estimated better.

Hopeful that headwinds with currency and shipping will abate in 2H. Be nice if the appallingly bad weather would improve.

Happy long term holder.

[Waltzing]

difficult time to predict much except people will keep shopping if they can...

if farther shocks do appear or rates bring on a recession in late 23./ early 24 these prices could be cheap DIV wise for a while...

dont think there is any hurry over the next 12 months

[winner (n)]

Sales still going gangbusters

I run a 5 period sales model - each period coinciding with their announcements over the year. Estimated $ values but 'reconciles' with reported half year results.

Chart looks good

Main point is that moving annual sales have broken through the $400m mark and are now $404m

You cannot view this attachment.

[Rawz]

I bought some more at $5.50. Not too worried about costs/expenses as i trust management and know they will revert back to the mean eventually. its all about the sales growth which is 40% ahead of pre covid.

how did management grow so much with such headwinds. incredible

[Waltzing]

Trading Update and Profit Forecast
17/2/2022, 9:27 am MKTUPDTE
17 February 2022

Hallenstein Glasson Holdings Limited

Trading Update and Profit Forecast

The Company advises that total Group sales for the six-month period ended 1 February 2022 were $170.6 million, a decrease of -6.2% over the prior corresponding period ($182.0 million).

Group unaudited profit after tax is projected to be in the range of $11.1 million to $12.1 million (prior year $19.8 million).

[Waltzing]

"how did management grow so much with such headwinds. incredible"

https://www.youtube.com/watch?v=Ld6fAO4idaI

[Onemootpoint]

The financial state of the company looks good, and still in good managerial hands. Whether there are a few headwinds or not, this looks like a medium to long term keeper (for now).

[Waltzing]

Betting the china oil demand and opec not increasing production will keep the FED hard down or rather upping the rates...

could hit retail in AUS later in the year as the RBA which is behind both the RBNZ and the FED has to put the breaks on the Kangas in late 2023...

5.50 might be visited again... very lumpy chart..

then in late 24 / 25 you might see a new high..

[Rawz]

Waltz, pre covid is not feb last year lol