Haha. Who said they ever left?
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David Lange is alive and well.....
need to boycott halleisteins for not giving back the wage subsidy
another big nzx company did today
Metlifecare wage subsidy handback 'right thing to do'
https://www.stuff.co.nz/business/123...ht-thing-to-do
If the Govt is happy with the way its been dealt with so be it. Lets move on from this. If individuals wish to Boycott so be it. I can only assume that you want to buy in..
A dirt cheap public relations stunt by EQT after effectively strong-arming directors and shareholders out of their shares for hundreds of millions less than fair value. EQT are complete hypocrites...nothing they have done to date with MET and its shareholders is fair or reasonable. They have pillaged N.Z. assets far below fair value.
Rod Duke pillages Kiwi's pockets for cheap Chinese made goods sold far above fair value and has used the ruse of a real "sale" to disingenuously gain vast wealth out of Kiwi's for decades.
These are not nice people Bull.
You've already spread this nonsense B.S. on the HLG thread before.
I'll say it again nice and slow just so a simple bull can understand it.
HLG stores and their online platforms were completely closed during Covid. Do you understand what "Closed" means ?
The Government set up this wage subsidy scheme to cover some of the costs, (not all of them) of keeping those workers in employment.
Please take your left wing socialist agenda elsewhere. I for one have had a complete guts full of people like you with their sanctimonious garbage on this subject.
You boycott them if you like, I am sure they won't miss the business.
Big gain for NZD overnight with USD, currently sitting around 0.676c. Adds further boost to their margins.
theres a big difference when companies then go and pay dividends using the wage subsidy. this has been written about many times.
take the subsidy yes alright , but you dont need it if you pay out dividends. do the right thing hlg pay it back to nz taxpayers. just dont pay the next dividend will cover it
What a load of leftist garbage.
You better start with the multi nationals & essential companies first if you are really serious and when you are successful, I will join you and lobby for all companies which do not need the wage subsidy to return it.
Here’s one you can really get your teeth into to set the ball rolling : Fulton Hogan.
Lets move on. You've made you opinion known on this many times bull.
Fulton Hogan have 3,132 shareholders ...that’s quite a few
Not true - it is a public company. And it was allowed to operate during the lockdowns.
https://www.nzherald.co.nz/business/...WYFCQFI4HHMQ4/
Come on, bull .... don’t talk, do.
Look forward to seeing your letters etc to government and to shareholders of Fulton Hogan.
At least HLG got some wage support from the Aussies as well.
Interesting chart from Westpac giving an idea how punters are spending in Aussie
off topic and reply to MR B's comments on mr Duke and his products.
Some of the russell hobbs kitchen products we bought from mr Duke just died within a year. We are thinking of bring some dutch stuff back in the bike bags next time..
yes sometimes the sweds can be a bit viking in there raids... whatch out but once you are resident in the country and learn some of the local speak you will find them a very warm bunch... i much prefer riding bikes in sweden than in NZ... here you almost as good as dead in the central north island..its even safer down in holland.. until you live in those country's you just hate coming back and fear for you life on NZ roads.
surfs better here though and no rip curl in holland that i can find..
maybe i will try selling rip curl tops in south sweden summer next time!
In Hallensteins Lambton Quay this morning
In casual conservation with guy serving said that they must still be flat out since lockdown finished .....no no it’s been slack as the last month or so. ....but smiled and said it gives him more time to chat up the chicks in Glassons cos they not that busy either
Felt sorry for him so bought 2 tee shirts....seeing they were 2 for 30 bucks.
Maybe it’s just a Wellington thing
Interesting, maybe the worm will turn? I'm still seeing super-growth in my clients, even in October - although these are not in retail apparel. Nothing has slowed yet. That said, HLG mentioned in their annual report that casual clothes were going well at Hallensteins, whereas the tailored clothing was not performing as well.
It can be hard to reconcile observations and anecdotes with the financials and NZ Stats. From what your chap described it does not sound good. Per the 2020 AR, Hallensteins stores sales were down 9%, as was Glassons NZ which is kind of consistent with being closed for a month of -8% ignoring seasonality. Note Glassons Australia was up 22% which is impressive.
It appears the average annual sales per Hellensteins store is around $1.88m (not adjusted for being closed or for Online) and Glassons was around $2.85m. This equates to sales of around an average of $6k sales per day per store for H and $9k per store per day for G NZ. This feels like a lot compared to your chap's anecdote on Lambton Quay, and also my local store in Hastings. I visited it recently and there were a a few customers on a weekday but no clothing to my liking.
Given online sales are not separately disclosed, their sales must be included in the overall brand sales. Adjusting for 22% online sales (and 15% last year) and also adjusting for the fact the stores were closed for 4 weeks, H sales per store were down 9%, G NZ was down 10% and G Aust was up an impressive 21%. This is assuming online sales can be pro-rated across the reported segments in line with top-line sales. Note the addition of 4 weeks to normalise the closures, adds about 7% to NZ and 9% to Aust for YoY growth. Note that Auckland stores may have been subject to additional losses due to their second closure which will be hard to quantify.
HLG have been conservative over the years (and a survivor) and I imagine that if there are any under-performing stores then Management will be on to them like a limpet, or like a young actress onto an elderly millionaire. If this results in the closure of some stores or range reduction with an increased focus on online sales, that could be good for the bottom line. That is assuming top-line sales are not lost which is not guaranteed.
Hi ferg - yes it can be hard to reconcile observations and anecdotes with the financials.
I shouldn’t really mentioned it as it’s just a little bit of local noise that probably doesn’t reflect the big picture
After all sales were up 11% on last year in Aug/Sep even though 25 NZ stores were closed in August and 11 stores closed in Oz for those 2 months
And FYI paint sales still booming and Mitre 10 and Bunnings are still going gangbusters
Risk free rate has fallen a long way from when HLG was last $6, worth about 1.5 PE extra just on that factor alone by my calculations, as evidenced by Briscoes and WHS share prices. Growth this year is on top of that. Still trades cum a 24 cent fully imputed dividend next month. Hmmm.
looks like you got your wish all companies on notice
Yesterday, Prime Minister Jacinda Ardern said she would be asking the Ministry of Social Development to make do an audit on companies that had taken the wage subsidy offer over the past few months.
That was on the back of companies such as Fulton Hogan, which took up the offer of a wage subsidy then went on to make a huge profit.
"There is a moral question here," Ardern said.
https://www.nzherald.co.nz/business/...4UXPINZP7GKUA/
I think the donkey toothed fairy can take her "morals" and place them carefully where the sun shineth not. The question is merely a legal one for business. Any pretense of "morals" these days is usually a signal of virtue and not in shareholders interest in any way.
Well now that the EFCY rate is 90%
we have moved off shore . funds moving to ASX .. some stocks there will rerate very quickly now.
Will still hold a small retail NZ.
DISC: reduced local retail at 50% profit.
NZ Electronic Card Spend for October stats out today
Apparel sales up 13% on October last year
Overall retail sales really booming - core retail up 10% in October v pcp and now on annualised basis running ahead of pre-covid times. Apparel however still down 11% on pre-covid levels ---- how long to recover or were sales lost during lockdown lost forever
we are pleased for all holders of this wonderful stock and we may move back in after next results but we are not expecting a 100 percent move in the stock price in the next 2 years and thats whats on offer on stock purchased this morning on the ASX we purchased in a holding company as we expect to add more of recovery sector stocks on the ASX in the company 8 weeks.
Morals matter, perhaps not to you in certain circumstances if you benefit from a lack of morals or ethics but if you are disadvantaged you may change your mind and think that morals do matter.
There is a lot of immoral behaviour in business that is not illegal or it is hard to prove it is illegal e.g. Feltex, Mainzeal, Wynyard, CBL.
Morals matter in business. So if a business is lying, stretching the truth, manipulative, fibbing, fabricating, pulling the wool over our eyes, twisting, distorting, falsifying, misrepresenting the facts, evasive, scheming, conniving, deceitful, deceptive, a hypocrite, a cheat, a liar, a fraud, a hoax, a sham, a scam, two faced, it does matter to the general public. And reputation matters.
I might be reading that wrong...do you know for sure that supply line is not an issue for HLG? Or are you saying that what you've heard is unrelated to HLG? I've been thinking about this myself lately, while I sit here patiently waiting for some consignments I ordered from China some weeks ago. I don't know how deep it goes but surely this inability to get stuff around the world in a timely fashion is going to be hugely detrimental to a lot of businesses and wider economies. On top of that, the usual supply and demand forces will be impacting shipping costs (especially air freight) and hurting margins...definitely something to bear in mind for HLG I think.
She wore the hijab to show respect and support for Muslim community in Christchurch. And that is how most people saw it. Her intention was to show solidarity with the Muslim community affected by the shootings. It was right at the time in the eyes of most people here in New Zealand.
So what is your intention in continually repeating this theme? It does not show support or respect for our Prime Minister. You are distorting the truth to promote your own agenda. What about your morals?
Maybe we could get back to talking about HLG now ? After the great news on the vaccine today who can even be bothered exchanging harsh words and arguing about politics ? Don't worry, be happy !! https://www.youtube.com/watch?v=L3HQMbQAWRc
Someone mentioned to me the other day No new cases in Melbourne in the last 6 days, Oh my goodness, I reckon there is going to be some really explosive pent up shopping demand over there after such a long "nuclear" winter. Vaccine on the horizon and light at the end of the tunnel. 24 cent fully imputed dividend in time for Christmas. Happy days :t_up: :t_up:
You guys are right, sentiment is high at the moment and it shows almost right across the market. Now time to take advantage of that.
The thing I get annoyed with is all this talk of companies having to give back taxpayer money, when taking the offer was the right thing to do, and legal, for any business adversely affected by the decisions that the government made.
Just to be clear, I don't agree with it being there as an offer in the first place, much as I don't agree with the government's actions around shutting businesses down, but hey, they set the rules, and companies have stuck to them as far as I can tell.
You guys like to see who's got the biggest one, it would be good to hear more about the not so good returns for a change.
Indeed - sniffing out potential undervalued up there is .. well uncharted territory & can be hit & miss
Don't get me wrong - HLG is & has been quite a star performer, for which I remain very grateful
for the informative posts of the many on this forum contributing here
So it's good to see that HLG abided by the rules and is none of those things. No morals or rules were broken, so there is nothing for HLG to repay. If this applies to other businesses, then I suggest you post that in the appropriate thread because it doesn't belong here.
but how's the Div Yield looking between the two ?
that is even taking into account HLG's reduced deferred Interim due to Covid-19 ?
and taking into account CNU's promises of further shareholder joy in the future before the Telecoms
Regulator waved their magic wand in between then and now ? .. ;)
Well said and you'll enjoy another 24 cent fully imputed dividend next month and another one in April 2021...that's a total of $1.52 in dividends in 4 1/2 years.
What's the point in having money in the bank these days at less than 1% per annum before tax when you can get returns like that !!
Congratulations to 3 dollar holders. You had the last laugh. We always trade this stock above 6 dollars. Yesterdays vaccine reports will reward long term holders in value NZ stocks. Talking to the choir and MR B will also have the last laugh as always.
Thanks. I first bought in August 2016 at ~ $2.75. Quite apart from the ongoing growth this company is enjoying with interest rates where they are now relative to the last two times HLG were over $6 my sense is $6 something now is equal to $5 something back then. In other words there's at least another dollar of value in this share now just because interest rates are at 100 year lows. There's also the 24 cent dividend due next month.
I am sure you have found something else that will also do well though and best wishes with that. For what its worth I leave me Australian investing to Barramundi which outperformed the Australian index by a staggering 19% last year !
we started yesterday to move back to off shore beaten down sectors as we want higher value currency investments. These sectors are at low values and will return higher value returns even of business travel does not return to previous levels as tourism kicks back hard. All over the overnight news programs and new outlets the investment professionals have called it a game changer as they dont need so many people to take the vaccine and eventually there will be a rush line up for such effective treatments every winter..
Travel is back soon and its time to invest now.... yesterday for the big returns on investment money...
Fair enough mate. I only ever invested in HLG for the yield which was a stunning 15% gross back in August 2016 at ~ $2.70, but things worked out far, far better than I originally envisaged.
Thing is though. The yield today of *11.5% gross is just as stunning for where interest rates are now compared to 15% gross in 2016 so I am a very happy holder and am continuing to accumulate more.
* Based on assumed fully imputed dividends of 50 cps in FY21 (50 / 0.72) = 69.44 cps gross. 69.44 cps gross as a function of the theoretical ex divvy price ($6.04) of HLG shares $6.30 - $0.24 cent divvy due shortly = $0.6944 / $6.06 = 11.459% gross yield. I think that's a truly extraordinary yield for where interest rates are now !
"11.459% gross yield"
It would be rated A but its not a certain german brand...but its Rate A for NZX.
Mr B's rating system.
Moving off shore right now into certain sectors comes at high risk and we dont recommend for retail investors in NZ. (100*n)% higher risk than this stock.
These high risk stocks have potential 60 to 100% returns over 2 to 3 years.
Or they cap raise some more or go broke...the vaccine reduces the risk of the later.
but remember its not NZ dollar.
It should be rated BBB = Beagle Busy Buying :)
we were thinking BB +
the Brilliant Mr B... but we thought as it has outperformed for a decade but the balance sheet is certainly am A.
Beagle question for ya, what % of your portfolio is hlg currently? Just curious I’m at 15% and I don’t think I would want much more unless I think there is huge value.
I wonder, if this stock struggles with the liquidity teat for inclusion on the Nzx50, would a stock split help?
Does the board prefer flying under the radar ?
Currency nearly at 69 cents U.S. !
From what I’ve been told about Mr Glasson as a long time shareholder and one that’s likely to be for many years the share price doesn’t really matter
He knows that the whims and fancies of punters (so called investors) means the share price sometimes is 2 bucks something and at times 6 bucks plus.
Main aim is to ensure the company performs consistently well ....and he gets his zillion dollar divie on a regular basis....ie a true long term ‘owner’
Maybe his accountant might tell what his shares are worth
Be a worry if he sold out wouldn’t it.
Of course. I do agree that the share price is neither here nor there if the underlying business is profitable.
Ultimately as director of a company your duty is to maximise return to shareholders. They tick the box in regards to dividends, but i do think the market cap is beneath where it could be.
Another angle is branding too. Ramping up expansion in aussie at some point will they consider asx opportunities to help with brand awareness.
Its more than likely a case of if its not broken dont fix it.
Thanks for your input winner. I wont take offence as the “dumb” idea is not my own.
I’m a director and I take that duty very seriously. Call me dumb if you want but my shareholders sure appreciate it, thats why when i go to them with business ideas they invest without question.
I’m on sharetrader to share compare ideas - and learn. Not sure what the above interaction is all about , but i definitely don’t feel I’ve learnt anything useful.
Let me clarify what I was initially suggesting.
Alot of seasoned posters on here have said how undervalued the company is, on pricing multiples and that its only heading north. I’m onboard with that narrative (significantly), im not a short term investor like you insinuated. I do believe that the share price is heading in the right direction, however in looking through the history of this share price it seems to reach these prices and then at the first sign of trouble it drops substantially back down, which based on this companies fundamentals doesn’t make sense.
I believe and others have mentioned that a significant reason this happens is the size of the free float, and that it doesnt garner enough coverage from the brokers.
What I was suggesting is that if they considered a stock split it may help with any liquidity issues they have to get onto the index.
I saw a comment today on another thread that summerset did this a way back and look where their shareprice is now.
More shares = more investors = more coverage = more value - Right?
Is the above suggestion that outrageous? sorry if I’m completly missing something here.
My next confusing thought is this; as a long term shareholder arent you interested in the long term value of your portfolio growing? I know I am, so I dont get the mentality of “the boards to busy running the company to worry about the share price” especially when long term posters on here have demonstrated that this company is still being materially undervalued ( I do recognise its heading in the right direction).
Again, maybe Ive got this wrong somewhere, but like I said I’m here to learn, so educate away!
PPH has recently announced a 4:1 Split coming up & on that looks like it's mostly gone south from higher $9.30/9.40 levels since
Nothing wrong with PPH earnings looking forward either
Why reorganise the HLG capital structure when it's working just fine right now with market forces at play ? ;)
Beagle & I may have to start buying a few less in future to help the share liquidity along though ;)
Mind you no-one would mind at all, if unnamed punters at large decided that HLG looked like tomorrow's MFT
and voted accordingly ;)
Hey Jim, nothing personal intended in my responses.
The maximising shareholder value imperative debate has been going on for a while and no doubt will continue - there are obviously a few different views.
Best not discussed on this thread as it will upset a few as not on topic. One day soon I’ll get around to outline my thoughts and start a new thread and anybody interested can take it from there.
In HLGs case as long as they continue to look after customers and Keep them happy and give them long term value they’ll do well. After a company isn’t worth much without customers. The market will decide what the company is worth (throughout the business cycle). Of course we need to remember that the value given to it is rather subjective at the best of time. I also believe ‘artificial’ means to try and influence a share price never work in the long term.
Good day for HLG share price today ....all time high coming soon.
PPHs split was definitely not the reason for my split suggestion, completly different set of scenarios happening there, they arent tightly held and they don’t suffer from low liquidity.
I Think their price drop is more related to inisder selling, which as winner hinted at isnt likely to happen with HLG
I do agree the market pricing is working fine right now, im more worried about down the track with any percieved wobbles as in the past the share price goes south fairly quickly with the low levelnof retail investors on the register.
Maybe ill keep all my outlandish ideas on the skt thread instead 😜
All good winner, like I said I didn’t take offence, was more confused as to why the idea wasn’t properly considered.
Differing views are what makes a market work right?
Short and long, bull and bear, ta vs fa , value vs growth, yield vs share price.....
All time high you say - good time to split ?? 😂
Insider selling could be the case with PPH indeed.
Perhaps MFT is a better comparison on comparable issued shares 100 million for MFT
with just shy of 60 million for HLG
MFT obviously must believe in retaining Shareholder value in their SP (which hit $60 today)
There is no reason why HLG could not be taking similar stance, which could do similar
and see SP advance north of present values.
Obviously comparable Div Yields differences between the two exist with respective SP's for each
Xero in not paying Dividends along with ATM similarly retain value in their respective SP's
A larger Share Register obviously means higher Registry costs, whilst a smaller
Register may contain a higher degree of long term holders - translating into perhaps
less market liquidity accordingly, less cost on the company & loyal bunch of holders.
Would a HLG share split necessarily see more scrip on the market or similar proportionate
holdings retained by the group of loyal stakeholders, as currently exists ?
I dont see major HLG stakeholders selling down if share split was undertaken, but may be wrong.
I certainly wouldnt, but would look at adding further to the current pile
In the scheme of other offerings on NZX $6.00 more or less is not exactly a high SP
for a quality performing company with good consistent established past record
Hey jimdog, I'm not sure I understand your logic. If it was as simple as that, wouldn't all stocks be at BLT type prices? It might grab the attention of a few beginner investors who don't understand that there is no direct correlation between the face value of a share and the value of the company (my mother springs to mind), but other than that, I'm struggling to see any real positive. What am I missing?
You've probably got a stomach churning story you could share on this one to temper the somewhat bullish mood around here...keep it to yourself, won't you!
For me, average buy is in the 3s and it's close to 30% of my portfolio - doesn't help that it keeps going up in value! Average would be somewhat lower if I hadn't lost my bottle with falling knives on a couple of occasions. It's a bottom of the drawer stock for me, I'll enjoy that divvy yield for a long time to come I hope.
Different strokes for different blokes mate. Maybe I'm the simple one. I prefer larger qty with lower $$. I guess i needed to articulate my idea better, I'm not advocating a big drop in prices, I was thinking a 2 for 1 split so down to $3.20ish with the hope that the price could then head up to say $4-5 which would then be more in line with retail PE rates.
Jim ...much revered company director Rob Turner essentially sayings have a greater responsibility than just ‘maximising shareholder value’
https://www.stuff.co.nz/business/123...e-ceo-salaries
No doubt some on ST will say Rob’s lost the plot - or ascRob himself says ''my views maybe a bit idealistic to some''.
Good on you Rob
"2 for 1 split "
would be a good move prehaps increasing vol.
others would say that other platform where you dont own the shares does the job for stock splits.
On the stock split thing, I don't have a firm opinion on it at this stage one way or the other. I wouldn't be averse to such a move but I think its a more pertinent question for the boards of the likes of Mainfreight and Fisher and Paykel Healthcare. Once we crack $10 its something I'd be happy to advocate for.
Lets just get some more runs on the board and get up to that $35-40m earnings zone and then see what happens to the share price :t_up:
We're all being paid so well with a projected 11.5% gross yield I think we can all afford to be patient :)