If HLG opens stores in China, where the clothing made from. Could you guys see huge growth there?
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If HLG opens stores in China, where the clothing made from. Could you guys see huge growth there?
I don't think ice hockey players put runs on the board,more pucks in the net.!!!
I think you started the cricket talk with runs on the board???
Back to HLG.Tim Glasson has a record of performing.They have had the odd bad season/year,but have always bounced back.
Their stores are well laid out,they flow well,their quality and selection is always good.They manage to fit a lot of well displayed stock in their stores.
If I was looking to buy a retail stock I would consider either BRG or HLG.
Stuffed he young ones here Percy
HLG is a great company .....century plus heritage eh.
Even last year it was hugely profitable even though not one of the best years. They made $14m odd on $63m on equity (and while holding heaps of cash and no debt)
Shareholders have only ever contributed $28m. That worth over $200m on the market today. Pretty good value added eh, especially taking into account the hundreds of millions of divies paid out over the years - $100m in the last 5 years alone.
Can't do better than that
Tim a legend in NZ retail alright. HLG as we know it today hugely successful.
Pity that underneath all this people's judgement on the company often based on a squiggly line. A squiggly line that punters decide the shape, not the company eh. Prob Tim as majority shareholder doesn't even know what the squiggly line looks like.
HLG go about doing things well, punters play around and while some are happy some are sad
HLG will be here in decades to come, won't they percy
Thanks for you well thought out post Winner69.
I look for "good" businesses to invest in.A "good" business can have a "bad' year,and a "bad" business can have a "good" year,but the good business will survive .Telling the difference is sometimes hard,but a good performer usually keeps performing.
Pucks in the net,not in the face.???
In regards to quality and selection, myself and another perosn my age had a conversation about HLG today. We both agree that HLG quality/selection has gone down hill and is prone to pandering to the hipster generation (for you oldies that don't know what this is, it's the guys trying to grow moustaches, girls with overly large sunglasses, and both drinking "craft" beers and no idea about the reality of life in general). We both have stopped going to HLG, but I guess we can chalk that one up to age and refinement of ones palate. Obviously, people are still buying the stuff by the bucketload! For balance, their website is of good quality and quite well laid out.
Percy, as I said before, if they can keep this up then they will be up there with BGR no problem. I still consider BGR market darling #1 though ;)
It's not too hard these days ;)
Tim has a neat little pad in Sydney to stay in when he's over there
http://news.domain.com.au/domain/rea...625-zskzn.html
First of all I must admit I agree with you on BGR.
Laughing about you and your friend's conversation about HLG.
I would think young men have had the same conversation about HLG for about the past 100 years!!!!
I expect it may be the same for the next 100years.!!!!!!!!!!!!!!!!!!!! lol.
Nice to be wrong sometimes.
Nice too that there was no apparent 'information leak' before this announcement .
And that the company blamed *itself* for last year's poor profit - and did something about it.
Have increased my long-term growth guess from 5% pa to 8%, since HLG forecasts 30% growth for the current 6 months.
And the bunter-valuation (c) rises from 5.97 to 6.9
Remember two years ago when AIR was cheap, and the company forecast a sharp rise in profits?
Many refused to invest because 'airlines don't make profits long-term'. I got in small-scale and reluctantly, feeling it was the wrong thing to do..
Now 'retail is dying because of the internet'.
Anyone game to go against the herd and buy HLG?