HLG's market cap is now $437m (to be $700m+ imo by Sept 2021) vs SKT at $312m.
Since that has been the case now for pretty much most of 2020, hard to fathom how SKT can still stay in NZX50.
Printable View
Liquidity..
Another one bites the dust in Wellington with David Jones going to close - amazing its still there though
Farmers store across the road but by far the glitziest big store left on the Golden Mile (another anachronistic thing) is the combined Hallensteins Glassons flag ship store just up the road
Maybe retail in downtown Wellington (and other cities) is dying or already dead - if so this store might be one of the worst performing of their stores. At least they sold the building and after spending zillions on the outfit hopefully not stuck with a long term expensive lease.
.......................Attachment 12284
I think a share split is a very good idea and would definitely enhance liquidity. I'll send an email to the board and outline why I think that's a good idea.
Got thinking overnight about what the real PE is adjusted for the ~ $50m cash mountain they have (which is 83 cps). $7.33 - 0.83 = $6.50 one is paying for future earnings and if they make 74 cps this year that's an adjusted FY21 PE of just 8.8 which is absolutely nuts for a company with a multi year track record of strong growth in Australia.
On the TA side of thing, while I'm no expert by any means, but to me, the chart looks very encouraging ! RSI is only 50 so its certainly not overbought ! Chart above is now and the one below one is when it was a sell just as Covid hit. Very different charts. The trend is your friend.
On Balance
" hard to fathom how SKT can still stay in NZX50."
yes!
and i suggested a share split a while ago ... best idea for this best dressed ..
A 2 for 1 would make share price around 360
Waltzing man would say I told you so - shareprice cycles between $3 and $7 so his sophisticated IT system would signal a BUY ...and share price would cycle back up to $7 :t_up::):confused::ohmy::scared::(
Only reason I can see for a stock split.
If you believe a stock split would be beneficial to shareholders and give enhanced liquidity and improve the chances of NZX50 inclusion please support my representations to the board along those lines by contacting them here. https://www.hallensteinglasson.co.nz/contact
"so his sophisticated IT system would signal a BUY"
DISC: the Binary Platform Components are not a BUY and SELL signal system. One of our soft bits and pieces is Back Office.
if you need buys and sell anyone can dump to the 365 versions of OFFICE and use its new data types to do your stats.
Notice that EXCEL now supports a lot of new work to speed its engine up and formulas as LAMBDA. You need the insider version though.