Maybe someone started a rumour that they will get back into th NZX50 after being kicked out by PEB last year
Makes you wonder what good changing the index components so regularly really does.
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Small volume. I hold a modest amount as a good solid income stock. The noise that the Govt are making about lowering the threshold for imposing GST on overseas purchases will help a little bit and while much noise has been made surrounding the impact on their margins of the lower currency the fact is we're currently sitting at the 20 year Goldilocks 65 cent level so they've been there before many times and know how to make solid profits at that level.
Hit the nail on the head there Roger.
This stock isn't a stock you'd expect to nail a triple bagger on, but a reliable stock that provides an attractive and reliable cash yield for the punter.
Buy in at a good price, enjoy those brilliant divi's and any cap gain is just a bonus.
That's how I view this stock anyway. Short term price fluctuations cause no concern.
Interesting that this winter HLG management have not felt compelled to provide any updates on sales/forecast profits. In 2014 we got an update in June and an unaudited summary released on 18th August. This year the last info is from the interim in March when things were looking very promising and the cold winter since should have helped them do well this year. I'm expecting a profit in the range of $18.5-19m and will be disappointed if they don't deliver especially given we are being kept in the dark as to performance. What happened to continuos disclosure? If they are tracking +30-40% on last years profit surely an announcement is warranted and if not why not given the perfect conditions for HLG to thrive as indicated at back in March.
Maybe no news is good news but does seem rather strange change in behaviour
Maybe sales been good but margins are down a bit.
FY16 cold be very tough .....from sales growth and. Full year impact of lower NZD
New Zealand spending on electronic cards rose in August for the fourth consecutive month, as spending across all retail sectors increased.
http://www.sharechat.co.nz/article/b33adbe7/nz-spending-on-debit-credit-cards-rises-in-august-as-retail-sales-advance.html
Good news, people spending up before the effects of the exchange rate impact? Not sure, quite surprised especially with all the lobbying for increased consumer importing fees but perhaps the exchange rate is suppressing over seas spending at the moment.
Nice slow and steady gain recently, hopefully it continues its path into the 3.40's.
H&M coming to Auckland, not good news for HLG. I'm afraid these guys are PPL just a couple of year behind. If ZARA gets here too then she's goodnight nurse IMO