The trick is to value Glassons Aus on a really high PE. Take your pick but you got to have a 2 in front of it :eek2:
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Aussies buying clothes big time
ABS Retail Sales for April
April sales 16% up on last year, Annual sales to April up 8% on pcp and 10% higher than pre-covid times
HLG H2 period so far (Feb/April) sales up 16% ..... Glassons AU should be up more ..... might need to revise my H2 profit expectations upwards
back to 5.80
Back to 4.30 to 4.80 will be if the aussie's put away their cards..
as per winner(n) article on the aussies just window shopping..
Large numbers traded today similar to 17th Feb 2022
Went past Hallensteins at St Lukes today - about 12 noonish may be slightly before, had 1 customer, Glassons seemed to have a few more.
Car park was getting full, but I think that may have been due to the lower entry entrance/car park closed as doing some work around there. Mall itself was not overly crowded.
Bought another large load at $5.19 on the 24th. Pretty happy they are back at $6 already
Hallensteins might do well when these come back into fashion