Don't see any reason why they can't pay 22c.
I'm picking 22c
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Wow - look at the red line on this chart
It's how clothing sector retail sales are going in OZ (from ABS Retail data)
August month sales were up 83% on last year (following the 51% increase in July). No doubt partly due to lockdowns last year
Must be a great start to the F23 year for Glassons AU
Overall no signs of distress in OZ retail in spite of rate increases etc etc
Be interesting to hear what they say about the start of the FY23 year
'Sales for the first seven weeks are X% ahead of same period last year'
The X could be as high as 50%
Will that stop the share price collapsing further
Will that stop the share price collapsing further[/QUOTE]
No Mr Winner it wont.
Your chart showing what happened…we want to know where that chart be in 6 months time.
Retail out of favour with a few headwinds on horizon. Exchange rate no good for purchases, Australia market probably 6 mths-9 months behind what’s happening in nz, they got more interest rises and more house price depreciation to come as discretionary money slowly gets sucked out system.
I think this share price will continue to cycle down.
Do you own this one?
I used to hold but sold out a bit too early when it went to the moon a year or so back.
I would happily buy back in at same stage but I’m trying to be patient on this one.
Maybe we know a bit more tomorrow?
A full announcement with financial statements including a dividend
declaration will be released to the market on 30 September 2022.
Thanks for posting that informative graph winner.
Readers will see it from their own outlook.
I see an unsustainable last hurrah before a 1929 style depression.
Others may just see catch up from covid store closures.
I've always said this was trading on a much too high P.E for a clothing retailer. No moat. Fashion is fickle.
I remember Beagle trying to tell me it was worth 10 bucks a share and the Aus business should have a p/e in the 20s. I never brought into that.
But like most will be keen for a big feed if the sp goes outrageously low
Regardless of it's future, I think we can say that HLG has been a well managed and adaptive company.
It has served me well over the years, turboed by some trading opportunities.