yeah its a great company, looking to reenter....don't worry too much about SP as many investors sell up between may-july.
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yeah its a great company, looking to reenter....don't worry too much about SP as many investors sell up between may-july.
Great minds think alike. Any further irrational selling will see me getting the chequebook out. The value is sticking out like a third hind leg on a greyhound.
http://www.4-traders.com/HALLENSTEIN...64/financials/
Consensus PE now only 11 on a closing price of $3.30. Consensus EPS of 30 cps this year and next.
Consensus divvy's are also 30 cps...company has such a rock solid balance sheet there is little point in retaining earnings.
Consensus net dividend yield at $3.30 is 9.1% or grossed up for full imputation credits 12.63%. Read their most recent market update a couple of months back and absorb the growth they're talking about and then you tell me, does opportunity knock at $3.30 or what !!
support now 3.10 selling action has changed chart from very bullish to very bearish within week if price stays down here - back in that 2yr trading range 2.80 to 3.50
Jeez, wasn't that many weeks ago you guys were talking 5 bucks.
So 330 is a long way from that but that dive looks tempting, if you into divies that is,
What's analyst targets? They be calling HLG a BUY now wont they?
[QUOTE=Roger;578521]Great minds think alike. Any further irrational selling will see me getting the chequebook out. The value is sticking out like a third hind leg on a greyhound.
Heh!Heh!!:t_up::t_up::t_up::D:D
Analysts will need to get their spreadsheet out and work out what impact the fall in the NZD will have on the bottom line and dividends. The last of the reports out were in March. Forbar have just released a report on the retail sector. I wonder what it is saying?
No I am not selling at this level. Plain fact is Kiwi's will have to get used too paying a little more for imported goods and HLG are in the sweet stop in the middle price point of the apparel trade just like Briscoes is with its homeware business.
I bought this stock for its impeccable record through thick and thin of paying really meaningful dividends, all fully imputed and because of its super strong clean and tidy balance sheet, impeccable stock management as well as growth opportunities which the directors fully articulated in their half year report. Apart from the currency headwind which is more than fully reflected in the recent significant correction, nothing has changed.
100% behind you there Roger. Can't complain tho, looks like we will just be buying more at a great price.