Originally Posted by
Beagle
Hi mate. I have upmost respect for your TA skills but I think your long term initial chart line reference point misses the mark.
I started investing in HLG at ~ $2.75 and was always and only ever in it for the huge dividends. Please go back and have a look at my posts in August 2016 and you'll see my dividend income motivation clearly displayed.
If your initial chart line started in 2016 you'd have a very different looking trend line. The thing is mate, growth in Glasson since FY17 has been deeply impressive and in my view at least this has transformed them from a pure cyclical into a growth company. Not only has Glassons Australia growth been very impressive, (ably lead by Tim Glassons son) but their market penetration there is still only one fifth of their penetration with Glassons in N.Z. so they have huge potential there unlike their peers (WHS and BGR).
The growth in Glassons Aust is the key bit of information you're not correctly representing in your chart. I humbly suggest you recalibrate the starting point of your trend line to the beginning of 2016. If it was then possible to adjust for the fabulous dividends they pay twice yearly you would see that they have been in an overall uptrending channel (apart from Covid) since mid 2016.
HLG is one of my most rewarding investments of all time and despite the recent share price gain I am extremely confident going forward and its my #1 investment position on the NZX so believe me I am putting my money where my barking is !