HLG - Hallenstein Glassons Holdings

[afc029871]

I have a small HLG holding which I am topping up every chance I get so longer it stays low the better, while enjoying a great yield!

[Onemootpoint]

I don't think there is too much doubt this is a well run company with solid fundamentals, so even if there is a downturn in market conditions (recession, longer high inflation, etc) it probably presents further accumulation opportunities.

There should be an ex div date coming up next month that may also run the price up depending above mentioned market conditions. Nevertheless, medium to long term it's appears healthy.

[winner (n)]

Jeez the Myer man in Oz is upbeat as anything

If Myer doing well just imagine how well Glassons must be doing these days.

Might increase my 11% to 15% when HLG report "first seven weeks of the second half are up 15% on last year"

Myer report -

A bounceback in CBD retail combined with strong online sales have powered department store Myer to its best profit result in almost a decade, as boss John King flagged there is more growth to come despite the cost-of-living crunch.

King was upbeat about the sales outlook as he presented the retailer's half-year results to analysts on Thursday morning, saying the combination of resilient bricks-and-mortar store sales and online demand put the business in a strong position even in tougher trading conditions.

[winner (n)]

Stats NZ Electronic Card Spend for February

They said -
Spending rose across most of the retail spending categories. The rises were led by spending on durables (furniture, hardware, and appliances) and consumables (groceries and liquor). Durables rose $48 million (2.9 percent) while consumables increased $32 million (1.2 percent).

The only spending category that saw a decrease was apparel (clothes and shoes), down $11 million (3.0 percent).

[Clearasmud]

Jeez the Myer man in Oz is upbeat as anything

If Myer doing well just imagine how well Glassons must be doing these days.

Might increase my 11% to 15% when HLG report "first seven weeks of the second half are up 15% on last year"

Myer report -

A bounceback in CBD retail combined with strong online sales have powered department store Myer to its best profit result in almost a decade, as boss John King flagged there is more growth to come despite the cost-of-living crunch.

King was upbeat about the sales outlook as he presented the retailer's half-year results to analysts on Thursday morning, saying the combination of resilient bricks-and-mortar store sales and online demand put the business in a strong position even in tougher trading conditions.

8c fully franked dividend incl 4c special dividend.
Amazingly the stock hit a low of 7c three years ago!

[KW]

8c fully franked dividend incl 4c special dividend.
Amazingly the stock hit a low of 7c three years ago!

Well there's hope for MFB yet lol

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[Clearasmud]

Well there's hope for MFB yet lol

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You mean MFB is going below 7c lol.

[Waltzing]

The market is getting hit hard globally and that may provide one of those rare occasions where SP on these stocks does not reflect the actual returns they getting from the market...

[SuperMario]

Recently it seems like an above average amount of selling each day for this stock. What do people think about this? Something to be worried about for this stock?

[Waltzing]

well Winner() might now say its Cyclical after all....

and in the local papers are full of doom and gloom as house holds are in mortgage and sticker shock...

there are calls for the "GOVT" to do something ... anything .... now....

market is going to be down for a dew years it appear and that means its a stock pickers market and some stocks are trades and other now a 2 to 3 year hold while the market wait for the storm to pass.

to relax you can always watch "Time Team" rather than markets for a while...

[LoungeLizard]

Looks like a head-for-the-hills moment. Or is it head-away-from-the-hills? Can't remember. Something to do with hills.

[Onemootpoint]

I think the general negativity has a major influence.

  That 'timeteam' comment seems so out of the blue; but agreed.....it's one of the late night go to relaxation programs. 

[LoungeLizard]

Interim accounts/dividend announced this Friday. Fingers crossed!

[Basil]

Yes really looking forward to Friday 31 March, dividend announcement and amount of imputation credit will be of huge interest as well as sales 2H to date and any insights into their expansion plans with Glassons Au they give us.

They appear very well placed for NZX50 index inclusion at some point this year too, (more on that tomorrow)

[KW]

PMV delivered great results today. 

"Apparel Brands – All brands delivering growth The Group's five iconic Apparel Brands collectively delivered record sales for the half of $452.8 million, an increase of 14.3% on 1H22 and up 15.1% on 1H20. The Apparel Brands traded from 26 less stores in 1H23 when compared to 1H20. Just Jeans, Portmans and Dotti all delivered record first half results. Jacqui E delivered its highest first half sales result in over a decade, and Jay Jays delivered its second best first half sales result in the past decade. "

While Aussie fashion apparel sales seems to be still going gangbusters, a word of caution was uttered by the David Jones CEO

"David Jones chief executive Scott Fyfe fears the Reserve Bank's last two interest rate hikes have begun to cause consumers some pause for thought before they make a purchase, especially for some of the department store's luxury fashion and apparel items that are exhibiting a slight pullback in growth.
However some of that shine coming off the retail sector is being countered by a return of the Chinese shopper, Mr Fyfe has revealed, with David Jones seeing higher sales and activity across Chinese payment platforms Alipay and China UnionPay."