Mr Market appears to be happy with the result ... up 21c already
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Mr Market appears to be happy with the result ... up 21c already
its been a highly profitable trade for a long time... new range 7.00 - 9.50.
I am with those that see it as a positive result.
Growth is growth is growth. And during a time when your stores are closed...
Investing in a company that continues to grow, still valued attractively, pays an impressive dividend and strong balance sheet.
well done to the team at HLG
could this company continue growth without some more capital? The balance sheet has plenty buy some of it will be spoken for. Thats why i suspect no special div or not much.
They had 83 cps in spare cash at the last balance date. They don't need any more capital as much of their growth is coming online. I think they are taking a very prudent approach towards new store openings in the current environment. Worth noting that depreciation is about $10m a year. You can do a fair bit with $10m of new capex each year such as store refurbishment and a prudent amount of new store openings.
As N.Z's oldest listed company I really like the carefully measured and conservative way they go about growing their business.
Deleted ....Should have looked to earlier posts