Topshop in London is excellent :)
His wife just needs to commute.
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Topshop in London is excellent :)
His wife just needs to commute.
"HLG are on a PE of 11 and a gross divvy of 12.5% based on the $3.35 when I looked at it on 1 July."............quote Roger
ANZ have HLG on a PE of 12.45 with an 8.45% gross return...who's right??
..thanks COUTA but wud those ICs make that much of a difference (8.5%/12.5%) ??......Im no accountant by the way!
Correct. The feedback from females in my family was that the quality and style were poor compared to what they were used to in Oxford St. Perhaps they just have fond memories. It is a few years since they were in London.
But I think competition is less of a concern than pricing pressure from their suppliers. This from the recent PPL announcement...
"However, international wholesale markets have become increasingly challenging. This, together with adverse forecast currency impacts, is expected to have a negative effect on earnings for FY 16. As a result normalised EBITDA for FY 16 is likely to be significantly below that forecast for FY 15."
HLG have really good management. I expect they will be able to mange it to a degree. But for me, it is too much of an uncertainty.
PPL have very poor management, extremely poor stock management, inept marketing, poor governance e.t.c.e.t.c.e.t.c.. Losers make excuses, winners just go about their business.
I'm expecting full year divvies of 31 cps fully imputed which is 31 / 0.72 = 43.05 cents per share gross on a SP of $3.50 this morning = 12.3% gross.
There's uncertainty in all business's and they all face challenges.
Come on Roger, the final divi will be atleast 17.5cps :p
I'm feeling pretty confident mate regarding FY16 and beyond. Directors report at the most recent half was really encouraging with very strong sales growth.
As discussed, consumers are going to have to get used to paying a little more with the lower currency for all sorts of things from petrol to appliances, airfares and clothes.
There's always a period of adjustment with consumer behaviour but are people really going to put off a necessary or desirable clothing item because its a few bucks more ? Will they even notice the price increase ?
The other aspect to this is the people shopping online from overseas companies will feel the chill of the full impact of the drop in our dollar immediately making sourcing clothing online less attractive.
Swings and roundabouts.