H&M spreading its wings...
https://i.stuff.co.nz/business/indus...-to-lower-hutt
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H&M spreading its wings...
https://i.stuff.co.nz/business/indus...-to-lower-hutt
Actioned a modest buy today. School holidays and a bitterly cold southerly approaching should send people scurrying to their local mall for some retail therapy and essential winter clothing in time for inclusion in HLG's current year earnings. Currency is stable and providing a tailwind at this level. It was recently reported that despite Amazon having direct interests in two large apparel companies they only have 6% of the apparel market. I still believe despite many and numerous bearish comments that the internet will undermine the veracity of HLG's business model that the VAST majority of people prefer to try clothes on for themselves to make sure they like the style, fit and fabric before buying and I for one don't ever see that changing very much. Classic dividend hounds stock.
Stats NZ Electronic card Spend for June
Apparel industry sales DOWN 1.9% on June 17. Core retail (exc vehicle related and services) UP 5.0%
Seems apparel stores in NZ struggling a bit while other industries going well.
Last 4 months industry sales same as last year. That covers the months since HLG last update.
Just saying
Yes I'm underwhelmed at current prices, not buying in currently
Meanwhile KMD looking pretty good
Also h and m are in NZ now
Close at 318 - that's good
Could say I've got the expected final dividend early if I cash up now.
Think I'll hang in there for a while longer to see what happens - might even get to 340, maybe 350 as the divie hounds startup piling in (but they should have got in at 300 odd)
Not sure about all the discounts they are offering getting spammed two or three emails a day I think the currency is the only thing in their favour at present
I'm not convinced this year will that great ......early August usually an update.
Will this year be OK or disappointing ....won't be great though
Watching that chart lie a hawk .....need to keep the early dividend .....and any more gains that come before the update.
If out by then and the announcement is bad might even get a bonus dividend atacdeeplydiscounted price.