Vocus IPO cancelled - bodes well for HLG NZX50 inclusion.
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Vocus IPO cancelled - bodes well for HLG NZX50 inclusion.
Not quite, Vocus CEO was saying they could still float in NZ 2nd half of the year and take the cash..
we see a pull back to 6.30 as a possibility.
Even if nobody else does I find this rather fascinating, if nothing else an indication of market conditions that HLG are operating in NZ - from NZ Card spend data
NZers still not into buying clothes mode ....but spending heaps on durables (home stuff like furniture, electronics etc etc)
Annual durable sales up 4.4% from a year ago - recovered all that was lost during lockdown- and still experiencing growth
Apparel sales are still to be recover and annual sales are 9% down from a year ago - and last Feb was first down month since Aug20
Be interesting to see what HLG NZ sales were in H1 - market per se up 3.3% in that period
its AUS that is driving this stock now perhaps. NZ is a smaller market. Everything we do these days is centred on eruope.
Down side to this stock back to 4.5 dollar range worst case but 5 year chart suggests 6 dollar and above if they keep sales up.
Thanks W69 for the update.
Always very useful.
the bull... hypo theroum seems to be holding up this week
covid subsidy repayment stocks whs and bgp are outperforming hlg this week
Thank you winner(n) , yes retails sectors are not all the same boat race. We are starting to think that our clothing is a trade again. it will be interesting to see how it all plays out.
The big fight is the market versus the reserve banks. it will shift the market sector balance.