With the immediate lack of toilet paper in supermarkets, has to flow on to a run on new underwear - go HLG!
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I been sh..ting myself with a2 for last 5 years up and down coaster. Topped up on a2 yesterday morning just before the drop:(. Am expecting HLG results in next short while, maybe days. Hopefully another good div to go with it. Beagle what's Hlg yield at the moment 10%?;)
LOL a bit of good humor goes a long way in lockdown :)
One good thing about HLG is they know how to apply for Govt wage subsidies and are adept at batting away criticism. FY21 is done and dusted and I think it will have been a solid year so should result in a final dividend of 20-25 cents which makes for about 45 cents for the year. 45 / 0.72 = 62.5 cps gross so on $6.50 that's about 9.6% which is great.
What's far less clear is what dividend they are capable of paying in FY22 ? My guess, and that's all it is, is it will be less than 45 cents per share. How much less ?, I don't know.
Been mulling over the wage subsidy situation and the whether or not a company should claim it. I came to the position that it is the government that is telling the company to close their shops but that they need to keep paying those working in them. It is not the company making that call, they are being required to do it. On that basis they should accept the wage subsidy as compensation but only for staff who are now being paid but not working at all. They should do this regardless of how profitable they are as the requirement to close shops is not a matter of whether they run a good business or not, it's an edict from the government.
Sure leapt up this arvo. Tempted to sell this morning's buys but I did that after yesterdays bump and after brokerage and tax there was only enough left for a couple of bottles of wine so I think I'll hold on. I reckon the lock-down could be good for HLG in the longer term. They good enough to navigate it perhaps better than the competition?