What's point 13 beagle
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What's point 13 beagle
LOL mate, I've said enough but how's this ?
13. Caveat - All predictions about the future including what Balance has suggested might happen are always fraught with considerable uncertainty and all one can do is assess the risks, rewards, opportunities and threats as best as they see them and invest based on the balance of probabilities :)
Balance might tell you 14 late this coming week ;)
Hey Beagle, been watching this stock from afar and tend to share your views. However I keep thinking to myself that online retailers (from overseas) are a big risk to this business in the long run. What are your thoughts? I know a number of people who enjoy shopping at Glassons but there are others who just don't shop from many local retailers much at all and plug into the latest trends (whether they be high fashion or fast fashion) from overseas. I also share the sentiment on here that whilst Glassons is doing well, Hallensteins is a bit average and doesn't quite hit its target segments very well for some reason (Speaking as someone who should be in Hallensteins' target segments I never shop there but friends of the opposite sex do shop at Glassons.)
"Cramer says something does not come from talks then market goes down"
Mr P says this time a rebound in retail sales faces head winds as this GGFC (Gaint Global FC) is the second in a decade but covered by brought forward government spending.
Unless something really big is coming i dont see more than 7.50 THIS YEAR END 31 december 2022 because even if Mr B is correct this stock seems to always be discounted and not priced by the insto's as defensive or growth even if it does have good growth potential and has a winning formula for selling to human beings of a certain age and demographic .
Over the last ten years they have shown they do seem to have a formula for bring the customers to their counter.
Balance sheet has some current liabilities. Is that 50 million free cash with no payments to come?
Various people have been suggesting this is an emerging problem since I first bought in 2016 at $2.70. Since them HLG has grown its sales and profits substantially. Maybe the rising online trend is like a rising tide that lifts all good boats, (except the ones with holes in them that are not executing well of which WHS springs readily to mind). I made the point when I bought in August 2016 that my intention is this is a yield stock and therein lies its primary attraction still. The degree to which this has grown in the last 4 years, (most of which was during a time when overseas online retailers had the advantage of not having to charge GST) and the resiliency in the face of overseas product online offers has been very pleasing. Overseas retailers now have to charge GST on online sales here so that recent change has levelled the playing field for HLG and is another positive factor going forward. Honestly I am not concerned. Glassons has its own sexy brand power as you can see https://www.glassons.com/