My first order was at open at 6.63 to be at the top of the que to grab the opening price of 6.62, but ASB for some reason takes more than 5 mins to put orders through:t_down:. In this day and age orders should go through within 30 secs.
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Same here. I have had to change from 6.63 to 6.68 this morning. Have left it unchanged at 6.68 for now :)
Do you get the feeling they are putting there own orders through first to make you pay the higher price? And the same when selling any stock, they see ba9 and see weed coming along and think, we better sell before they do and make them sell at an even lower price;). If that is right, all I can say is, floody little baskets.
Yes. Absolutely agree. Even though the systems are all computerized, the buy/sell orders are controlled (based on demand). (A lot of parameters are fed in)
I honestly do not believe that NZX can be that slow in this day and age. Also considering they have made changes recently after DDOS attack.
Crikey, $6.79. I guess the question now is how long before 7 bucks?
with retail sales up for the country and aussi in the clear for the moment 31 march should be good news... our off shore transfers have risen already . As MMT comes into fashion in europe id have to say we are favouring europe retail very soon but NZ and Aus for the present.. We also are moving back into travel its going to be the next big reflation trade.
I am fat and full already https://www.youtube.com/watch?v=vURZqS2xMkI
How many people managed to buy when they were below $2 earlier this year? Wow, what a ride, HLG remains my best performing share over the past 9 years with great dividends.
Holy Cow -- six dollar eighty five close - folks ;)
Glassons Australia CEO just bought c$300K worth; a few days ago Glassons NZ CEO c$130K and HLG group COO c$160K
I particularly like to see insider buying when it's either large, execs or several people...in this case it's the trifecta :)
It's certainly comforting, that the insiders are buying into cyclical highs, like what do they know that others don't (but some more astute amongst us speculate on) it does suggest a re-rate higher is expected. I do think it's been an incredibly trying year for all businesses, so good to see HLG come through it stronger than ever.
The ROI at this price is still worth pursuing, but is now being matched by HGH and NWF.
The words Custodian of Employee Share Scheme appear a lot in those recent disclosures
we are blaming MR B and his BBB+ rating for causing this momentum run that only really got going after he more purchased shares back at 4 dollars. That was the day to start the buying. we are happy we sold most down as our overseas travel stocks have started the same process yesterday. Business class travel might be more expensive in 2022 - 23.
Speaking of 7, I see we are up over U.S.70 cents today. That's a pretty useful tailwind to margins.
I just took out the 9000 at $7:t_up: $7.10c anyone
$7.00 level broken through this morning - $7.01 currently
LOL thanks mate you made my day. That's a very pleasant way to end a tough day. The chart looks beautiful with nothing but bright blue sky ahead.
You never know do you. ;) Sooner or later that index inclusion will happen, if its not in December it might be next quarter or sometime later in 2021. Good things take time.
In the meantime there's the 24 cent fully imputed dividend to enjoy next month and I forecast another 24 cents divvy in April, (could be even higher), and 26-30 cps divvy in Christmas 2021. The ol saying "well positioned" springs readily to mind :) I hope you have heaps like I do.
Many thanks for pushing it up... gosh
Nice timing, well done !
Bring on the sales update in early December, the annual meeting on 9th and of course the dividend on 15 December.
Anyone on here planning on attending the annual meeting ? Maybe you could ask them what their plans are for their $50m cash mountain ? (worth 83 cents per share as at 1 August 2020).
Harvey Norman reporting huge sales growth last few months in AU and NZ and on radio this morning apparently punters are going more casual these days and buying up track pants and tee shirts and other casual wear big time
Maybe that 11% growth after 8 weeks has grown to 15% after 17 weeks
hang on winner(n) we get told off for mentioning KMD and now your saying vetements is on the same buy list as TV to lounge and .. all other stuff..ameublement
you might be right but its summer and while filles may shop in summer i dont know if garcons do...
Good sign that selling prices (margins) are higher this Black Friday Sale
Last year jeans $29.99 ..this year 2 for $79.99
And the super duper real cheap stuff appears to be clearance of old stock ...things I looked at only in few sizes and I’m not a 28
Still trading on a FY21 gross forecast yield of ~ 10% (based on 50 cents fully imputed = 69.44 cents gross / $6.90) and on top of that this coming week is your last opportunity to write the size of your own Christmas bonus with their 24 cent dividend due to be paid on 15 December. (Last day HLG trades cum the dividend is this coming Friday 4 December).
Always the easiest and quickest place to look, I find https://www.nzx.com/instruments/HLG/dividends
p.s. I have no idea how I gave myself a thumbs down for this post :-) :-)
would anyone who is a qualified chartist "Karl was" like to paint the dots on this one...lower and upper tracks re Carter B.
i cant see a thing on that chart image... lovely rainbow colours though...:ohmy:
and im looking for a real chart like the ones from the 1980's ... re : O'Neil. They dont make them like they used to. Bit like modern accounting solutions that are KFC.
iYahoo is just not a safe platform nor is bloomberg i think they get hacked.
i agree i certainly could go 10 but HLG chart doesnt ever go in a nice upward swing.
as we are in blue sky with HLG, the best a chart can tell you is that there is good support around $6 level now.
some EW theorists might say we are in the 5th of the 3rd , and hence major momentum has been experienced but this could now be waning as a corrective 4th wave could take shape. Even as an EW theorist I wouldnt put too much stock in that view for trading purposes. However I am not adding just enjoying.
Attachment 12122
You dont need to be a weatherman to know which way the wind blows.....
well he might have been a tea drinker while looking at those very complex charts... whole departments out the back.
the highs are compressing in time which tends to make us think it can squeeze higher into a new high. Math matters? and if it does it still means it can move into new swings. The low interest environment might simply means people ignore range and just panic buy for dividend. We think that is what MR B is Betting on.
Structural constraints in the market mean money is forced into rivers and that also means the like of retirement sector may not have even seen it peak yet for a long time.
Fundamentals are all that matter, Profit growth and dividend yield don't care about witch doctors analysing goat entrails.
dont upset the chartists.. its not a good idea... and those charts can and often do determine buying patterns for the machines and there are a lot of machines out there.
In fact you would be surprised where some of those experts are housed. One is in hamilton and is a chip designer who runs a multi national that also caters for consulting on those machines. He is an Aussi.
HLG has peaked: back to the mid $6 range, divvy, rampers move, on low $6, peace & quiet.
You read it here first
:p
Snow Leopard has got such a beautiful self regenerating coat, he doesn't need any garb.
Jeez .....Dominic from Westpac (the I am the greatest Dominic) says “ ...we are now forecasting that the NZD/USD exchange rate will rise to 74 cents.”
That’ll add a couple of % points to HLG margins .....2% of $340m is about $7m extra margin and flows through to bottom line
:lol: No wonder they're nearly extinct :lol:
Their half year ends today and i am really looking forward to the sales update in a few days time, the annual meeting on 9 December and the massive dividend feed on 15 December just in time for Christmas. Wouldn't it be a "real shame" if they did by some chance get NZX50 inclusion :D
" suburb of Chartwell " its got a big shopping centre and an empty movie complex...
im not allowed to say!
not me though... another chap..
SKT will be very disappointed ... all that hard work to be replaced by a coat hanger.... terrible ... MR B will be happy....
this chart is compressing showing a strong momentum upward swing. It will need poor numbers to slow the compression. Once a stock moves into a compression pattern it can break out to the upside if the growth pattern persists.
Fashion matters!
Every time I go near the place, the wife and daughter try to get me to go to H&M to get me to do some proxy shopping for them...I wonder if they'll last there? I don't imagine HLG would be too upset if they didn't.
It's not I either...another chap...
https://www.scoop.co.nz/stories/BU20...ber-monday.htm
Retail sales powering ahead.
For Bars Preview for Index change. I know some on here are hopeful..
S&P/NZX Index Insights
A Quiet Finish to a Year of Change
We pick that there will be no changes for the upcoming S&P/NZX December 2020 quarterly index review. Official outcomes
of the review will be announced close of market Friday, 11 December 2020, with an effective date close of market Friday, 18
December 2020.
A busy year: however, no changes expected for final review
The 2020 year to date has seen three new constituents enter the benchmark S&P/NZX 50 indices, namely Napier Port (NPH), Serko
(SKO) and Pacific Edge (PEB), each replacing Gentrack (GTK), NZ Refining (NZR) and Metlifecare (MET) respectively. Infratil (IFT)
entered the large cap index (replacing SKYCITY [SKC]), and Summerset (SUM) entered the S&P/NZX 20 index, replacing Air New
Zealand (AIR). However, for the last review of the year (December 2020), our calculations indicate that there will be no constituent
changes to the benchmark indices.
Figure 1. December 2020 Review: The Forsyth Barr Pick
Index Enter Exit Expected Weight (rank)
S&P/NZX 10 no change expected n/a
S&P/NZX 50 no change expected n/a
S&P/NZX 50 Portfolio no change expected n/a
Source: Forsyth Barr analysis
The current status
Figure 2 outlines the current rankings for inclusion/exclusion for the S&P/NZX 50 indices. We, at this stage, see no obvious near term
changes ahead. The six-month average market cap automatic entry level to the benchmark index is currently $413m.
The year has seen a large number of share placements (we calculate ~30x). We take the opportunity to remind index followers that
for a placement to be eligible for "Accelerated Implementation", the materiality threshold is 5% of totals shares and US$150m.
Otherwise the placement is recognised at the next subsequent quarterly index review.
Figure 2. Current Rankings for S&P/NZX 50 Index Inclusion/Exclusion
Ranking Code Current status 6-mth average price 6-mth average market cap
42 PEB S&P/NZX 50 Member $0.58 $420.51m
43 FSF S&P/NZX 50 Member $4.00 $418.16m
44 (entry level) ANZ S&P/NZX 50 Member $20.29 $413.11m
45 RBD S&P/NZX 50 Member $12.10 $377.31m
46 VGL S&P/NZX 50 Member $1.56
47 NPH S&P/NZX 50 Member $3.57
48 SKO S&P/NZX 50 Member $4.12
49 SKT S&P/NZX 50 Member $0.15
50 THL S&P/NZX 50 Member $2.13 $258.08m
51 HLG $4.66 $222.43m
52 ERD $3.79 $204.62m
53 BGP $3.65 $186.59m
54 WHS $2.17 $172.97m
55 CVT $3.08 $165.47m
56 (exit level) AFT $4.73 $153.37m
57 TRA $2.32 $151.05m
Source: Forsyth Barr analysis, ranking 44: automatic entry level, ranking 56: automatic exit level, S&P DJI restricts publication of index constituent information to 10% for any given ind
As of today, HLG is sitting at a market cap of $412m...It is more than just the market cap but they are in quite a different position to the 6-month average.
I haven't been expecting an inclusion at this December review date but am quite hopeful for inclusion in a future review date possibly in 2021.
Meanwhile I expect a strong sales update in the next few days and see the currency is well over U.S. 70 cents so I expect that will provide useful gross margin tailwinds going forward.
The latest Retail NZ Sales Index, shows that spending through November remained strong, and that total spending since March is now ahead of last year.
“The Retail NZ Sales Index for November reports that spending through the month was around 25.7 per cent higher than last year, and that total spending since March is now 3.4 per cent higher than for the same nine months last year,”
wow.
No problem. Good Luck to you all on this.
Last trading day before going X Div on 7th is tomorrow (4 Dec)
SP tomorrow could be interesting
Imagine if the trading update is also announced tomorrow ;)
SP rise could take out the ceiling panels ..
I shouldn't really look at depth and providing it is a very positive announcement that will all change...but there is plenty of sellers...
Just like there were plenty of sellers at $5.00 and $6.00.
Sellers have an uncanny habit of melting away whenever there's a positive announcement as well.
The same of course with buyers who mysteriously disappear when there is a negative announcement!
Depth on NZX means bugger all - unlike the ASX.
Probably some of the ones who sell - do so only to find things running further upwards & many wind up buying back in so they don't miss out .. ;)
$7 door being knocked on
Today is the last day HLG trades cum it's fully imputed 24 cent dividend to be paid on 15 December.
I calculate the theoretical ex divvy price on Monday to be $6.96 - 0.24 = $6.72.
Updated dividend yield forecast for FY21 at theoretical ex divvy price.
Based on 50 cents fully imputed dividends for FY21, (remember they has ~ $50m in the bank as at last balance date = 83 cents per share so are very liquid) that's 50 / 0.72 = 69.44 cps gross / $6.72 = 10.33% gross estimated yield for FY21 I reckon that's compelling when you consider the ultra low interest rate environment for the foreseeable future, the excellent growth prospects Glassons has in Australia and the companies very strong balance sheet and liquidity position as well as strong growth in sales which underwrites their ability to sustain that dividend. Currency tailwinds are also very favorable.
Hear ye Hear ye!
Last Day Again!!!!
Based on the last 3 year they are late with the market update news release...
No update today - maybe leaving to ASM day
If the update is not up to market expectations and the share price collapses at least the dividend will soften the blow a bit
Winner(n) , shocking post!!! :D Mr B wont be happy, ive noticed there are some on this public forum who take it very seriously..
Ill no doubt get another red one from Mc Duff or someone... :D
The great charm of this stock if its price swings.
I was thinking the same.....good yield. You have until 5pm to get your full, for 24c div. I am going to predict the trading update will come out on or after 7/12/20 and it will be good. The sp will go up 50c on good news and then settle down again. If I am wrong, then will have to go back to Viaduct basin and down another doz. oysters:t_up:
well we are hoping but im not confident. retail sales being what it is and we have a Bob each way and still invested in retail.
Though we have moved to offshore travel..
I have to whatch what i post here else we get lots of red ones!!!
Actual we love red ones!!!!
https://www.amstel.com
cant wait to have a local one to 2 when we return in 2022.
I can see why you like the 'swings' in HLG share price - they are becoming more frequent and the amplitude is increasing
Regular gains of 107%. 70%, 134%, 163% and 157% in reasonable short time frames are pretty inviting eh.
You just might get another go one day soon.
NZSA sort of hinting HLG should repay wage subsidies or not pay recent dividends?
They say that “Directors are obligated to act in the best interests of the company.” and the wage subsidy provided short-term financial stability.
But then they make the comment “For a consumer-focused company like Hallenstein Glassons, reputation risk may also be a longer-term ‘best interests’ consideration for the Board. In that context, we note the company paid an interim dividend of 15 cents per share in September 2020 and will pay a final dividend of 24 cents per share in December 2020 (totalling $26 million for both payments).
Hmm
the transcript isnt up yet, but I recall Prime Minister Ardern getting asked about wage subsidy paybacks at a press conference last week (early this week?) and she said it was intended to primarily be to save jobs, and that is exactly what it did.
Their is a large and obvious moral hazard in forcing/shaming companies to pay back the subsidy, as you can sure as hell guarantee that in the event of another lockdown companies will be far more likely to immediately make people redundant (instead of keeping them employed) if a precedent is set that any help the government provided to keep employees on the books is retroactively asked to be repaid at a later time.
Wow Winner. Wait for the avalanche coming your way from the likes of Beagle and Balance that are all in favour of corporate welfare when it suits them. Some valued posters have left the forum after the abuse they received for daring to disagree on this issue with the moral superiors ! I'm already running back to my den to hibernate.
The NZSA representative might bring it up at the ASM to get the Boards view .. that could be interesting.
The NZSA didn’t specifically say yes or no ...but the ‘reputational risk’ comment was interesting.
Pity it’s not an online virtual meeting.
I did email them saying I was donating my divie to a charity as a matter of principle. Got no reply.
The argument is already over as far as I am concerned. Even a politically insensitive dog like me knows there's no point barking any more if there's nothing worth barking about. I'm sure you'll be "shocked" to learn that I am very comfortable with their decision :p
https://www.stuff.co.nz/business/ind...wage-subsidies
Clothing sector sales on fire in Oz ....October Retail Sales ex ABS ... Westpac report “The majority of store types saw increased turnover in October. The strongest growth was in clothing (6.6%),.......”
Even better - if footwear and other stuff are stripped out clothing itself up 10.6%
Westpac use seasonally adjusted data
Thank you for the post winner (n) . We dont check Aussi stats often enough. Europe stats take time. Govt stats are not specific enough and sector stats are best double checked direct.
Demographic and state stats, break down by state and then behaviour of the shoppers in a state.
Note: Victoria numbers were up over 5%.
All States.
Pivot tables ..Retail..in Millions.
AUS
2019;
OCT = 2126
2020;
OCT = 2083
2020 Quarterly % Variances.
March = -11
June = -22
Sep = + 35
I reckon covid caused HLG sales to drop about $15m in the April/July period (the last 4 months of F20)
Wonder how much of this they have recovered in August/November period? Have things got back on track to more normal times (underlying growth) or were the bulk of those sales lost forever?
We should have an idea tomorrow or Tuesday
Yes winner(n) we await and wish all holders good numbers for xmas.
Retail Sales in Aus usually jump up by a good margin in december.
Out of interest - any guesses where HLG's SP would be at if it was dual listed in Oz ? ;)
Take into account just less than 60 mil shares
A reasonably tight Share register
A Retail track record in a volatile sector beaten by few if any others
A Dividend track record fully imputed similarly beaten by few if any others
Low P/E compared to others in a rising market
A Survivor which has beaten off others in Oz & in sector where many others have fallen over in their droves
or come cap in hand for large Stakeholder Cap raises (None of that with HLG)