And there's a Top Shop about to open next door to their newish flash Lambton Quay store
Bugger - brings the day the Glassons are 'whomped' and that 'time bomb' goes off - yeah right
Printable View
Full year out - numbers slightly better than what they said they would be and some interesting segmental numbers.
Thats history
The important part
Future Outlook - Group sales for the first 6 weeks of the year are +9%. The recovery in Glassons is well underway and we anticipate a much improved profit performance for the current trading period.
Jeez sales up 9% so far ....add in better margins....no wonder they are saying much improved profit performance for this year
Share price could respond favourably to this typically modest announcement from HLG
For you dividend hounds final of 16.5 cents same as last year. full year being 30 cents
With 'much improved profits' could get a bigger dividends in 2017
Way they going that 30 cents is guaranteed minimum - makes $3 share price look really super cheap with possibility if say 32/33 cents dividend
Roger would say thats a gross dividend yield of 13.8% guaranteed
Share price $3.15 now
Good stuff
More to come i reckon
So results poor - future looking good.
Glad to have got in early on this.
Back to the grindstone. :(
Best Wishes
Paper Tiger