HLG - Hallenstein Glassons Holdings

[Waltzing]

Dont think Beagles eat custard......

https://www.youtube.com/watch?v=R_APlwia-ug

[Waltzing]

gosh all the talk is on the retirement stock threads again. Oh does that mean these boring old retail stocks with no debt with slow growth models are ok then with their bankable dividends.... year after year...

and just arnt worth chatting about...

even BRS's chart is looking interesting as it lays in a long base re : WJ ONeil... and that boring balance sheet with which can absorb a year or two of inflation margin decreases... rather good looking balance sheet that one.

none of those fancy debt burdens for MR B to calculate interest increase charges for....

[Hectorplains]

No further talk of expansion into the US? 

[Basil]

I got the impression from the annual meeting that's on the backburner Hectorplains and they are sticking to their knitting in Australasia.

Yes Waltzing - Got to love a company that can grow nicely without ever raising capital, not even via a dividend reinvestment plan, has no debt and pays out really handsome dividends twice a year.  Higher interest rates a serious headwind for other companies but are actually something of a tailwind for HLG with its ~ $36m of cash on hand on deposit earning decent interest now compared to a year ago. (I say something of a tailwind because there's obviously a direct benefit in higher interest income but there's also a cost as consumers with mortgages get squeezed).

One thing that's totally overlooked though is the baby boomer generation with capital are earning a lot more on their term deposits these days so are in a far better position to be generous with buying their kids and grandkids clothes and other stuff to help out. 

HLG trades ex divvy when the market opens on Tuesday.

[winner (n)]

Media spruiking this big recession ......what nonsense

Stats NZ Electronic Card Spend for March

Apparel sales up 30% on March last year ...and that's better than the 15% more in February

Seems to be at odds of what HLG said a few weeks ago  - The trading environment for the first eight weeks of the winter season has been challenging with the cost of living and inflationary pressures impacting on consumers discretionary spend. Group sales for the first eight weeks of the winter season are +13.9% ahead of the same period last year.

Never mind ..must be selling more and more ...and making more

[Waltzing]

"spruiking"

google brought up some interesting results......

 Google says its an AUS slang word...

China opening up and its needs AUSSI materials ....

AUS is NOT NZ...

[Basil]

https://www.nzherald.co.nz/business/liam-dann-when-will-the-post-covid-party-stop/DFW5BG7GWVAU7EZLUCSQ2R3WEA/?utm_source=newsletter&utm_medium=nzh_email&utm_campaign=20230417_Premium_News_Briefing_Newsletter&uuid=ae2dd95d629344ca8119b12a0d7d7338

Paywalled. Surprised that young people are spending up and having a good time and don't care about higher interest rates and what the Reserve Bank says?  You shouldn't be, I've been predicting exactly that for many months.  They have Covid fatigue, and the spending isn't going to stop any year soon.

Looking forward to Wednesday's huge dividend. 

[winner (n)]

Even Retail Watch numbers out today say clothing sales still booming .... along with hospo and tarvel etc .....while the things the young don't worry about like home appliances, building supplies are feeling  bit of pain

Interesting numbers

You cannot view this attachment.

[Waltzing]

Lucky it becoming an AUSSI company...

cause things arnt looking pretty here....

https://www.nzherald.co.nz/business/nzs-trade-deficit-forecast-to-be-the-worst-among-advanced-economies/WCUBGIW2FRDEVIN2X2VMSE63WY/

people are desperate for a long long late summer... by next summer they could be ready to party even harder..

No one reads reserve bank statements that buy at HLG and or in AUS...

[winner (n)]

Waltz ...you've got to stop reading and watching media commentary .....they just trying to scare you ...... and nowhere near reality

[Waltzing]

winner()  you have got to start reading the reserve bank statements of accounts....

be scared be very scared!!!

https://www.youtube.com/watch?v=zLoPbYSxf1w

actually thats the problem after so many crashes are you scared?

if you not scared your dead!!!!

SHORT the KIWI I!!!

 https://www.youtube.com/watch?v=LJlXwF7ap7I

[Basil]

Lucky it becoming an AUSSI company...

cause things arnt looking pretty here....

https://www.nzherald.co.nz/business/nzs-trade-deficit-forecast-to-be-the-worst-among-advanced-economies/WCUBGIW2FRDEVIN2X2VMSE63WY/

people are desperate for a long long late summer... by next summer they could be ready to party even harder..

No one reads reserve bank statements that buy at HLG and or in AUS...

I am expecting Australian sales to exceed N.Z. sales in FY24.  Glassons and Hallensteins are very mature brands here but are at a very early stage of their development and growth in Australia and have many decades of growth ahead of them there.  The percentage of Australian sales will grow every year going forward.  (Only ~ one sixth of the market penetration so far with stores over there compared to here leaves enormous amounts of room for Australian sales growth going forward).

[winner (n)]

Waltzing ...was this you quoted in media

I think ASB are optimistic, PMI collapse, Dairy collapse, retail collapse, heavy trucking collapse. NZ is going to take 10 years to dig its way back. The RBNZ is a lunatic asylum. Could have just raised the default Kiwisaver to 10% no losers at all

[Waltzing]

https://www.interest.co.nz/currencies/120823/us-bond-yields-dollar-advance-bets-firm-another-25bps-hike-us-dollar-index-basing

NZRB only gets its data out by the QTR where as a German data science master data statistician get it monthly from his office in Palmy.... or is bedroom.

go figure...

now if RBNZ spent a few million it could buy some 40G AI chips off EBAY and maybe they could set up some data recording in their wellington office and get some real data ....

maybe not....

and thats the real joke here....

But hey dont worry HLG is an AUS profit machine and doesnt need to worry about the RBNZ and its pencil and paper methods and its paintings of trees...   

BUY HLG ... and help with MR B boating bills !!!!

and business class tickets back to copenhagen a twice what they used to be...

the KIWI is worth what? 

HLG is seriously undervalued if MR B is right about BG no growth of 8-9

https://www.stuff.co.nz/business/131787714/time-to-hit-the-panic-button-on-our-34-billion-balance-of-payment-deficit

https://www.forbes.com/advisor/au/personal-finance/inflation-rate-australia/#:~:text=Australia's%20consumer%20price%20increases%2C%20meanwhile,year%20and%203.5%25%20in%202024.

[Basil]

Pay day today for the HLG dividend.  Funds in my account promptly just after 10.00 a.m.
Many thanks to the hard working team at HLG.  Keep up the good work.

Looking forward to likely NZX50 inclusion in due course, (perhaps as early as next month when PPH are likely to exit the index).