You were singing off exactly the same song sheet in early February regarding Turners when they were $3.15, currently $4.28 up ~36% in less than 6 months.
You're problem mate is you're looking much too far back in the rear view mirror.
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You see whatever you're looking for. The monthly chart / indicators are unchanged since last posted, all pointing to SP weakness. Question is, when SP's are around ATH or have pulled back from an ATH, "what will it take to go higher and are they doing that?"
I am comfortable with the way they're managing the business, (including them keeping wage subsidies) and expect ongoing strong growth with Glassons in Australia in the years ahead. Sentiment is clearly negative at this point with the NSW Covid outbreak. For me, unlike some others, its not all about TA but for what its worth I note they remain in an uptrend as measured the classic way, (200 day MA) that the legend KW uses as her benchmark.
Helped the cause…..end of year sale on ….got a couple pair of jeans $29.99 and a sweat $19.99
That’ll boost the divie
Maybe you are right ... there are only two problems with your argument:
1) one swallow does not make a summer :): and
2) I do not forecast share prices (we know from Ben Graham, that nobody can ;), don't we?
I only point to risks and opportunities, which may or may not materialize (as it is their nature).
So - just remind me - what was your argument?
I have already posted extensively on the investment case for HLG. You keep pointing to their distant past and I keep reminding you that in recent years they have been growing very nicely indeed in Australia. We've had this debate before, at least once, probably more than once. I'll keep doing things my way because I know it works.
"I'll keep doing things my way because I know it works."
Mr B does things by the numbers.
Yes we also usually sell this stock but we have sold it so often that probability alone was pointing to a change of coin tossing. There have been some very long periods where the share price rose.
Did not change the font... global style list inherited from base class....
HLG share price for once is inheriting it support from past performance and forward expenditure of government stimulus here and across the tasman.
Lots of factors here are different from the past sell off points.
With sydney still locked down for ages the RBA will still be keeping interest rate low for a long while yet...
On line shopping any one?
Its retail , retail, retail for therapy...
HLG management pretty good so no doubt they took advantage of the spike in the NZD v USD and locked in plenty of cover around 72/73
Save the hurt when NZD drops to 65/66 when in a few weeks RBNZ holds OCR and becomes rather dovish when most expect the opposite.
NZ dollar will climb back as it usually does. The AGR sector is performing and NZ will outperform.
Hmm - with all due respect ....
We both agree that you posted extensively on the shiny sides of this investment case :p. It would be however a stretch to claim that you typically tend to provide a balanced view.
What ever it is - things in your world seem to be either supercalifragilisticexpialidocious - or alternatively doomed.
And hey, this is o.k. - this is an open forum and I am sure that it is not just me who finds your posts normally quite useful. However - they frequently do need balance. Things are not black or white, but there are shades of grey ... and you don't get the full picture if you just focus on the shiny bits.
As long as you repeat often several times a week your song about the shiny bits and why this is the best company of the day (or week), it should be ok if I mention every odd month or so in response that there might be as well risks - without the need for you to become condescending.
Feel free to ignore my posts if you don't like them ... but lets try to keep this an open forum which helps people to see a bigger picture - shall we?