HLG - Hallenstein Glassons Holdings

[Waltzing]

Side by Side % Vars for 2023-22, 2021-20. Var % (2023-22), (2021-20).

[Waltzing]

HLG Expense Var +- 2023-2022.
 

[Basil]

All looks good to me Waltz.  Not really the time for a deep dive into expense analysis.  This is the time to be sitting back and watching the fun.  Looking forward to the S&P NZX50 announcement later this week.  Not a certainty yet but looking very good.

[Waltzing]

Indeed Mr B the numbers stack up well but in an inflationary environment and global uncertainty for supply chains keeping an eye on how their underlying ecosystem is performing is of interest if one is to increase the sums invested.

Its a small fish in a big sea that is perfoming a miracle for sure..

2021 was outstanding in terms of  leveraging their exising business  to generate profits.

2023 has some really interesting var of var as that selling expenses have actually in relation to percentage of total expenses gone down relative to prior years.. pretty impressive or was it just an accident we will see in the coming years.

 

[LoungeLizard]

All looks good to me Waltz.  Not really the time for a deep dive into expense analysis.  This is the time to be sitting back and watching the fun.  Looking forward to the S&P NZX50 announcement later this week.  Not a certainty yet but looking very good.

Watching the fun indeed. Up 4% already!

[Basil]

Just to add my appreciation to both Basil and Winner for their sterling work in crunching the HLG numbers. Certainly got my attention and glad they did as retail is not my thing and wouldn't have bought in when I did (at $5.30 only a couple of months ago!) Kudos to you both!

I'm wondering whether those that have bumped the SP up dramatically over the last few days will tip the balance in HLG's favour for inclusion win the NZX50 since it will help with the averaging exercise and capitalisation ? Sort of self-fulfilling prophesy. I know that you thought Turners were in the mix a while back, Basil, but HLG may have timed its run to perfection. Next week you reckon? Can't wait!

Pleased to help mate.  Glad you are on board.
Turners at position 52 after PPH exit from the index are still in the frame for later this year or 2024.
Need two other constituents to be removed from the index in the regular quarterly rebalancing process and both SML and WHS are making great progress in that regard.   Based on 6 month price average though so Sept quarter rebalance is the most realistic next chance for a further index constituent change in my opinion. Turners will get their turn...you see what I did there  😊

[winner (n)]

Share price 7 bucks today / tomorrow

And then when actually announced 8 bucks?

[Waltzing]

should top past 8.50 on the next high...

amazing control of selling expenses for 23 and 21.

[winner (n)]

should top past 8.50 on the next high...

amazing control of selling expenses for 23 and 21.

Yes waltz .....HLG do a lot of 'amazing' things

[Waltzing]

its a buy at 5.80 if it doesnt make it...

either way your all Winners()....$$$$

[Basil]

https://www.nzherald.co.nz/business/market-close-nz-stocks-finish-lower-despite-recovery-from-sharp-fall/3EX2KOLO65B67ESQ3QRKKPZUEQ/
Paywalled - extract
At home, Hallenstein Glasson added a further 18c or 2.88 per cent to $6.43 after reaching an intraday high of $6.60 and has now risen nearly 10 per cent in two trading days. Hallenstein Glasson reported a robust first half result, and the stock is tipped to replace Pushpay Holdings in the NZX top 50.

[Ferg]

At what point does a company get a speeding ticket from the regulator?  Just curious....

[Waltzing]

Since things are looking bleak with GOVT debt forecast to hit 42 next year and NZ looking at have one of the highest OCR rates ahead ...

they might be too scare to issue a please explain as anything to lift the spirits of the market might be deemed essential therapy....

no super rich applying to come here anymore and the NZX is desperate for something... anything to go up...

[Waltzing]

Also its a thinly traded shock with a very high dividend ... why would it not go up... everyone has been waiting for it so long its almost bewildering...

what the SP handle went up? NO surely not...it never stays there...  and thats why someone here said they would sell at 8.50...

but that means shorting the AUSS dollar at that price and with AUS mineral resources still going strong for the next decade why would you sell the AUS dollar?

 

[winner (n)]

Westpac Red Book has good insights into Australia retail scene

Go Glassons

You never know even Hallensteins might make a mark over there ...doubt it though ....probably still a drag on profitability so maybe walk away a option

https://library.westpaciq.com.au/content/dam/public/westpaciq/secure/economics/documents/aus/2023/04/WestpacRedBookApril2023.pdf