No wonder online spending is going through the roof, people getting excited about their digital presence :) https://www.glassons.com/
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No wonder online spending is going through the roof, people getting excited about their digital presence :) https://www.glassons.com/
Do you think we will get a trading update on Monday? Happened last year on the 1/12
Hallensteins in Queen St Ak had people queuing for changing rooms Friday afternoon, and Glassons next door looked really busy too. I was impressed with the stock - much improved on a couple of years ago in terms of appealing to all ages.
Consumer Confidence pretty high
Hallensteins and Glassons to have a boomer summer season
Record sales I reckon ....double digit growth and good margins equals record profits
HLG longest serving member on the NZX
From linked article:
retailer's market value has increased from $232 million to just $337m in the past 25 years as it has struggled to make sustained progress in challenging Australasian retail market conditions.
https://www.nzherald.co.nz/best-of-b...+December+2018
So stuff all capital returns (most of it come lrecently but it’s had it’s up and downs) since listing but that’s what you would expect when most of the profits have been paid out as dividends over the years
A fact completely overlooked by Gaynor. HLG has a stellar record as a dividend yield stock and anyone fortunate enough to follow the dog who picked the bottom a couple of years ago at $2.70 has done handsomely well with capital gains too. Quite apart from that I think they're just coming into their stride with their Glassons expansion in Australia. Plenty more growth to come over there :D I also think its notable that HLG are N.Z.'s oldest listed company. Plenty of companies come and go over the years...there's something I really like about long established companies.