HLG - Hallenstein Glassons Holdings

Teitei · Jun 14, 2023, 08:49 AM

News like this out of Australia about plummeting sales at retailers like David Jones are going to continue to dampen sentiment towards HLG.

https://www.news.com.au/finance/business/retail/david-jones-records-major-downturn-amid-rba-hikes/news-story/642ba05f12016c2ef0c4ea5d34ec847d

Never mind the fact that HLG operates in a different space imo from the likes of David Jones.

The index inclusion was a good time to lighten up with a view to reset at lower levels.

Waltzing · Jun 16, 2023, 06:59 PM

HLG ! HLG! HLG!

Thats 3 cheers for HLG!!!

Oh thats right we are hoping for 5 dollars ...

Erase that....

609....

WHO DID THAT!!!!

Are the Instos now going to try and Average down ...

Basil · Jun 16, 2023, 07:46 PM

It was index rebalancing day late this afternoon Waltz.

Waltzing · Jun 16, 2023, 09:14 PM

Well il BE!!

Some of us are actually working and LIFTING as KW calls it!!!

Waltzing · Jun 19, 2023, 11:49 PM

No sell off Yet.... even MHJ kept its trouser up...

winner (n) · Jun 30, 2023, 09:55 AM

Hundreds of thousands off to Taylor Swift next February

Probably high percentage are in Glassons target market

Got to look cool going to see Taylor

Boom times ahead for Glassons I reckon

Waltzing · Jul 03, 2023, 12:46 PM

Right well lets hope this coming QTR reports from AUS arnt as dire as predicted for here...

Basil · Jul 03, 2023, 03:19 PM

This well-bred doggy doesn't seem to want to lie down in the low $5's again.
We need repeated baying, like in the video below that the end of the world for retail is imminent, maybe that will make a difference?
https://www.bing.com/videos/search?q=what+sounds+do+moose+make&view=detail&mid=D21E919CE25F9228279CD21E919CE25F9228279C&FORM=VIRE

Fiordland Moose · Jul 03, 2023, 03:53 PM

Quote from: Basil on Jul 03, 2023, 03:19 PMThis well-bred doggy doesn't seem to want to lie down in the low $5's again.
We need repeated baying, like in the video below that the end of the world for retail is imminent, maybe that will make a difference?
https://www.bing.com/videos/search?q=what+sounds+do+moose+make&view=detail&mid=D21E919CE25F9228279CD21E919CE25F9228279C&FORM=VIRE

Nice.

I recall you saying I was a doom monger for my views on the WHS when you were busy ramping it at $3.30-3.50. Look where it is now.

NZ listed retail stocks like WHS and HLG tend to react to after the fact information, not in advance of it, like Aussie listed stocks, which I've spoken too.

I've said my piece re my views on how and when AU trading updates will flow through to SP's so need to repeat. And it'll be there to revisit in the future.

Keep up the ramping if it makes you feel better. This moose is off to somewhere warm.

Basil · Jul 03, 2023, 04:08 PM

Beagle barked loudly at the top of the WHS ladder when selling out to Nick at $4.11...you'd have to have had selective hearing not to have heard that barking

I'm not afraid to admit I have no idea which way the HLG share price will go in the short term....was hoping you'd beat it down a bit for me lol We'll see if / how it reacts after the 2H sales update next month which I suspect will be stronger than you believe the case to be.

winner (n) · Jul 03, 2023, 04:15 PM

UNI share price rocketing up today ...even HVN and LOV going well

Probably a reaction in front of good news ......things aren't as bleak as first thought and good winter sales going to be reported

Fiordland Moose · Jul 03, 2023, 04:34 PM

Quote from: Basil on Jul 03, 2023, 04:08 PMBeagle barked loudly at the top of the WHS ladder when selling out to Nick at $4.11...you'd have to have had selective hearing not to have heard that barking
I'm not afraid to admit I have no idea which way the HLG share price will go in the short term....was hoping you'd beat it down a bit for me lol We'll see if / how it reacts after the 2H sales update next month which I suspect will be stronger than you believe the case to be.

Absolute rubbish.

I am referring to when you bought back in and were suddenly directly contradicting previous statements you made, now saying Noel Leeming and TP7 were counter cyclical consumer staples (previously "just a cyclical") and what amazing buying it was at 3.30. I disputed that NL and TP7 were consumer staples and expressed my view that the WHS was in a precarious position - you called me a doom monger (for the first time). I wasn't a doom monger, and the SP halved.

I have all the posts and chronology if you'd like to continue the falsehoods. This was only in 2022, happy to provide them if your memory has faded.

And i dont think I'm a doom monger now. Indeed, the things I've been saying around aussie retail are now many months later now being seen in the guidance updates and in the financial press.

Fiordland Moose · Jul 03, 2023, 04:39 PM

I dont think 2H F23 is going to be bad, as alluded to in on of my previous posts that spoke to the trading environment deteoriating the 2nd to last week of May.

But likewise I dont think it'll be as flash as you think and 1H FY24 (and indeed fy24 and into fy25) will show huge falls in EPS.

And so what if it does - if you like the company at 7.50 - you should love it if it trades for a lot less.

Basil · Jul 03, 2023, 04:57 PM

Amazing how you think you can project into FY24 and FY25 as well.

Fiordland Moose · Jul 03, 2023, 05:10 PM

Basil you look at a wide subset of real estate information which you post on extremely extensively on & how that informs your perspective on the headwinds that sector has had and your view on how it may continue and evolve (& a lot of that has been good stuff some of which I have concured with, if not how its been said). I'm just interpreting what I am hearing and seeing and providing an opinion on how that could impact trading over the next few years. Not much different.

And yes I think its wise to look for factors that could impact earnings beyond a current year, particularly if there are strong signs the current year may not be maintainable.