Good tip. What should be the price target for buying Whs
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don't know this is HLG, please use the appropriate thread for questions like this. HLG would be a good buy when it gets down to $5 IMO.
I see it in somewhere in the mid $3's a year from now. Still trades cum a 10 cent fully imputed interim dividend through to 4 April.
Fair game to compare the two, I hold both.
My full year profit forecast is $20m - eps of 33
Based on full year sales estimate of $330m. Last year Mar/July were HUGE (like about +40% on pcp) and not 'normal' so wont be repeated this year. Sales are down ytd March and last 4 months will be less than last year
I've allowed for improved Gross Margin % but expenses are still growing and reverting to a more normalised level (like no wage subsidies etc)
That's how I see it anyway
Must be wrong because that would put it on a PE of about 20
I don't like the sound of that old boy. Surely not ! :scared:
Gosh at that rate they won't even pay a final dividend of 18 cps this year :(
What worries me is you got the interim result pretty well spot on. Probably better off in the WHS in 2022 with the PE only ~ half that and dividend yield probably nearly twice as high !
Me neither .. but I'll go out on a limb & suggest perhaps another one or two halves going ahead before
the normal normalises into something more positively normal ;)
I'll be waiting at the bottom of the hill for passengers wanting to offload before jumping off ;)
I fully expected patchy results going forward but think HLG do patchy times as well, if not
better than most and come up with the best of the roses .. look no further to KMD's recent report :)
Let me know Winner when you want to exit @ 3 or 4 buckses ;)
I want in at 4 dollars too but maybe it will never get there.. seems like HLG shareholders are either very loyal or see through this part of the earnings cycle and dont care. I thought the gloomy outlook would have surely sent the SP down 5% or so.
But no.. solid as a rock. What a company!!
...............Edited, see below
Oh my goodness Winner has scared the living daylights out of me, so much so I had to get the FY21 report out and give it a little cuddle to make myself feel better and tell myself its all going back to normal soon but then I had a look at it and noticed that after abnormal one off gains from the property sale last year they actually made $40.7m and now me ol mate Winner says its going to be half that in FY22 :scared: Surely not...better stop reading that report and get back to cuddling it and Im sure I will feel more normal after that.
Of course normally I don't engage in abnormal conduct like cuddling up to annual reports but these are not normal times so I tell myself its okay to behave abnormally to help myself feel normal and hopefully everything will be back to normal in FY23. Just put that wonderful FY21 report on my bedside table tonight and tell myself everything will be nice and normal in due course. Okay, now I am off to my next therapy session lol
I just really wish another MAFS episode was on telly again tonight because I definitely feel more normal after watching that circus lol