LOL, lets move on. I see the currency is under 59.5 cents US this morning. Regardless of how this virus pans out that sort of exchange rate will be hurting HLG.
I remain very cautious on retail at this stage.
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HLG has already taken a 40% hit in share price. bull.... just looking to feed at the trough of it going even lower. I actually use most of his comments as buy signals :D
i have lowered my mind set to a price target at this time of 2.50 at minimum due to big drop in earnings coming and reduced div if any but this could change lower at any time
Over the past month we have seen a reduction in sales and customers visiting our stores.
Smiths City trading update – Covid-19
https://www.nzx.com/announcements/350192
I think actually buying any retailer store at the moment could be very risky , biggest risk would be a europe situation where all stores are forced to close. I think I will wait to see how things pan out before jumping at any retailer.
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