Many people thought I was completely nuts buying this at $2.70 just over 3 years ago. Could it possibly double again over the next few years, who knows but what's clear is there's a massive opportunity for Glassons in Australia.
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Hallensteins / Glassons doing the right things
Provide experiences, be relevant etc etc etc
Brick-and-Mortar Stores Are Making a Comeback
https://hbswk.hbs.edu/item/brick-and...r%2030,%202019
Somebody on here says divies have averaged over 30 cents for years through thick and thin.
Bigger company now BP so probably 40 cents new average
On that basis good case to ‘price’ as a bond ...consistent annual return of 40 cents say $8 good risk adjusted deal . Not quite your $15 but still pretty good
Was Coutts and average over 16 years from memory was 31.5 cps fully imputed. Even paid dividends during the GFC so there is clearly good resiliency built into their business model. Agree that there has been substantial growth in recent years and 41.5 cps is the new 31.5 cps if you know what I mean.
But I think 44 cps is sustainable and that's 44 / 0.72 = 61.11 cps gross so the shares are on over a 10% gross yield and trade cum a 24 cps final divvy.
$6 is indeed the strong new support line. No logical reason for it to go under that again. Onward and upward and anyone who thinks this is a pure cyclical simply doesn't understand Glassons growth in Australia, simple as that. Heck even Hallensteins brand in Australia is looking at expansion now :) Talk about opportunity for growth !!
Share price still going up...and up
Must be starting to be priced as a good solid ‘bond’
Tiwai Pt shouldn’t affect HLG
Who knows ... just imagine the unthinkable happens, Tiwai point closes and all the poor Southland workers (if unemployed) can't afford anymore to buy all these smart Hallenstein Brothers suits ;); Might make a dent into the online sales ... or do they have a shop in Invercargill?
Jeez — share price $6.25
Still cheap aso. Fundamentals and outlook ....and even more so if they do get prices as a de facto ‘bond’