" I think their growth into Oz, combined with today's low interest rate environment, greatly reduces the chances of this being cyclical to the point where we would see anything like the lows we've seen in the past."
Agree.
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" I think their growth into Oz, combined with today's low interest rate environment, greatly reduces the chances of this being cyclical to the point where we would see anything like the lows we've seen in the past."
Agree.
Having a look at my HLG dividend statement which arrived by post today.
Must say the numbers in there look almost unreal in today's low interest rate environment - interim dividend 3.15% cash yield on today's sp of $7.28 and gross yield of 4.39%!
Hard to find another stock like that - no debt, high yield, strong online platform and Australia providing the growth option.
Meanwhile, it is interesting to note that HLG has a rather stable share register of mostly retail investors :
- Excluding Tim Glasson, top 20 shareholders own 19% of the company
- 44% or 3,595 (67% of shareholders) own between 2,000 to 50,000 shares.
Lots of happy campers in the share register, enjoying the high yield and capital growth.
and another at least 24 cents as final.
all growth funded as stated above by earnings.
Stunning stuff.
HLG is a definite hold for me due to:
- Strong balance sheet
- Big divvy
- Glasson's growth opportunities in Aussie
And one thing I am picking is a big bounce in performance from Hallensteins which hasn't fired of late. I am picking that they are going to sell a truck load of suits for the school balls coming up and then carry on selling a truck load of suits through spring/summer wedding season.
The cherry on the cake is going to be when HLG make it into the top 50.
if we want to think super defensively (which I am increasingly doing) then debt free companies have a huge advantage over those companies who may have to hock off assets if times get tough and bankers get nervous
Purchased a shirt from Hallensteins for the first time in years this week. good selection, helpful staff and "a good vibe". Surprising amount of female shoppers (?) - haven't quite got my head around what that meant, not sure if they were buying for themselves or as gifts for males.
Yep, the're getting shirty...