HLG - Hallenstein Glassons Holdings

[Basil]

This from Balance in the other place sums the situation up very well.  Couldn't have said it better myself if I tried, especially after quaffing a few celebratory drinks this evening lol.

Nice to see HLG achieve NZX50 inclusion status.  Very nice.

It has always been worth a lot more than it has been trading at imo - lack of interest from brokers, analysts and instos due to it not being in the NZX50.

Now they have no option but to take interest.

They will find a well managed company with an excellent track record and a reliable high dividend yielder. And an outstanding conservative balance sheet with cash in the bank - similar to Briscoes.

And with its inclusion in the NZX50, they are going to have to pay up to get set as the stock is tightly held by mostly retail investors and management/directors.

Happy times ahead!

[Waltzing]

well... oh my oh my... sailing away ...

https://www.youtube.com/watch?v=LTrk4X9ACtw

[Basil]

Think Steve Winwood says it best.  Enjoy.
https://www.youtube.com/watch?v=Adw772km7PQ

This very high quality pedigree puppy has been in the very high $7's before...no reason it shouldn't go back there as a minimum.

[Waltzing]

Does this mean that certain retail investors have more sense than insto?

 

[Left Field]

Well done holders..... great news on NZX inclusion.

[Waltzing]

Gosh yesterday was the last day to get a bargain?

 

[Basil]

Should be a fun day tomorrow. $7 anyone?

Was a fun day.  Good things take time and great things take a little longer 

[BlackPeter]

Think Steve Winwood says it best.  Enjoy.
https://www.youtube.com/watch?v=Adw772km7PQ

This very high quality pedigree puppy has been in the very high $7's before...no reason it shouldn't go back there as a minimum.

So - is this the mark when you will start selling?

[LoungeLizard]

204k shares changing hands today. If, as some have calculated, the index funds need to snaffle 1.5m, then the SP has some way to go yet. By the end of the ride - which could be days or weeks - I can't see how the SP won't be nearer to $8 than $7.

[Basil]

BP -  That comment I made speaks for itself.   
https://www.goodreturns.co.nz/article/976521678/nz-market-bounces-back-from-morning-low.html?utm_source=GR&utm_medium=email&utm_campaign=GoodReturns+Market+Report+for+4+May+2023
Index inclusion has been a long time coming.   Congrats to all holders.

[Waltzing]

200T would on any normal day send the SP sky high..

Show there are holders waiting to sell.

[Basil]

200T would on any normal day send the SP sky high..

Show there are holders waiting to sell.

There's always "the impatient" who are prepared to hand over value to investors with patience.
I would expect a quieter day today in terms of volume as the institutional players often have their very long Friday afternoon boozy lunches. 
Must be pretty cool to be paid half a million plus for simply schmoozing with the right people and reading a bunch of analysts' reports.

[LoungeLizard]

Game of bluff going on - the Insto's holding back trying to lure in the uninitiated to sell at what they think is the peak. They'll come out of the shadows eventually - they have to balance their indexed funds. I imagine some retail investors will bail and take their profits at what they think is the true peak. What that is, is anyone's guess. I'm still figuring on, or around, the $8 mark.

[Basil]

I'm an old bad dog and completely untrained against my instincts of resource guarding.
https://beagleslife.com/beagle-resource-guarding/
I post this so that the institutions will know if they are going to try and take some of my favorite things they will need to make me a very compelling offer otherwise I will simply ignore them.  The key here is I don't have to do anything but they do...don't you just love NZX50 inclusions for illiquid stocks...been a very happy hunting ground for this Beagle for many years.

[Waltzing]

yes appears its only going one way from here and thats up ..

other sectors getting hammered today from sky falling syndrone..