What is the ticker code for Silver Fern Farm, I tried SFF on the ASB site but there were no matches for that selection.
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SFF [Silver Fern Farms] trade on Unlisted www.usx.co.nz
The following brokers trade on USX;
Craigs
Jarden
Forsyth Barr
Hamilton Hindin Greene
J B Were
Hobson Wealth
Tribe Financial.
Appears ASB do not trade USX.
The record date to get the latest divie is 21st April.
I guess that would mean ex date would be the 18th or 19th.
Payment is the 28th April.
Currently 42,000 shares for sale at $1.65
Posted 4th of April, SP = $5.76:
SP (@11/4 - Ex dividend) = $5.40
Share shed 36 cents in value to pay a 24 cents (partially imputed) dividend.
I realise that nobody can predict the future, but buying shares in order to still get a promised dividend is not always a great strategy ... ;
On Unlisted - probably can't traded through ASB and would need a full service broker like Craoigs, Jarden, ForBar etc.
https://www.usx.co.nz/symbol/sff
Yes, I agree with what you are saying. This always happens with HLG, and quite often about a 10c gap between buyer and seller. eg I buy 5000 shares at $5.45c and at end of day someone comes along and sells 20 shares worth about $100 for 5.35. You got to take the ups and downs with this stock because it is so illiquid. But if you in it for long haul then it is a good yld stock to have knowing sp will start going up again leading into next div. But interesting what Beagle/Basil is saying on the Stock Talk forum about HLG maybe entering the NZX50 next month. Where would sp go if that happened. For me it is a long term high yld investment. Also thank you to staff and Management for all your efforts and the wonderful big div yesterday. I feel like a winner if sp goes up or down. Sometimes I get excited when sp goes down as I can jump in and buy another few thousand. ps With all the stores in Aussi am waiting for the day when they decide to want a bit of the action and start buying into HLG.
Interesting that the HLG price has risen so fats in the last 3 days, post the dividend. Why this quick movement, is something happening like the long discussed entry into the NZ Top 50?
someone been having a sniff around today :)
Maybe history really repeats?
This feels like the "roaring twenties" ... young people dancing and peacocking as if there is no tomorrow, and HLG definitely found a way to benefit from that.
Mid term HLG might look to diversify into tailoring uniforms and camouflage ... they have been the great hits in the 30'íes and fourties.
Anyway - great result, but somewhat subdued outlook ... and the fashion shown is clearly not my taste anymore, but I probably don't belong to their target customer group anymore.
This young girl on the title page looks like she is wondering as well what the future might bring?
Posted on 12/4/23 and $5.40c ex div on the 11/4/23. I have to agree with you fully. Sometimes it works and sometimes it doesn't. This time for me it seem to have worked with sp up plus div has given me an extra 84k in last two and a half weeks that is if sp doesn't go down too much from here.:cool:
Nice one Seaweed
Beagle is THE MAN!
Hope the indexing come through per his workings!
Remember not that long ago a few on here said HLG is a 10 buck stock - many laughed their heads off
Next update mid to late August with full year 23 sales and likely full year profit .....will be much higher than expected numbers, even higher than B's estimate
Then late September confirmation of of full year results but will be saying first 8 weeks of new year are well up on pcp...maybe even double digit …the growth story remains intact
Then December the ASM and they'll say F24 sales are still tracking well ahead of pcp ...jeez growth into 2024
They don't say much but three big updates before Christmas that 10 buck share price might be here by Christmas
half YTD stats variances on 2023-22 when compared to 21-20 are pretty consistent..
your going to say but 2023 sales had a huge increase and yes but percentages for GP to Sales when averaged in 23-22 and 21-20 look very very consistent.
Selling costs as a percentage of total costs for 2023 look at have actually gone down relative to prior years.
Looks like HLG having a little sleep in this morning. Up $1.13c in 6 days, so it does deserve a little rest. I notice ASB Good Returns mentioned it possibly entering the NZX50 again last night. Bit of a waiting game now Baseagle. As for the liquidity, I would expect it to become very liquid for a while if it entered the x50.
the surprise RBA rate hike yesterday wont be good for retailers in Aus
RBA interest rate rise catches markets, banks and borrowers by surprise
https://www.abc.net.au/news/2023-05-...2023/102292616
Australian economy will easily shrug off any impact from the miserly 0.25% rate rise yesterday :
“Australia expects net migration to surge to a record 400,000 people in the fiscal year ending June, almost doubling from forecast …..”
This is the huge difference between Australia and NZ :
1. Australian economy rides on a cushion of mineral & diversified wealth
2. Continuous high migration flow facilitated by a progressive government policy
3. A vigilant RBA who attempts to stay ahead of the curve with the benefit of a deeper and more robust economy
HLG a big boy now
In NZX50 …again
Watch the action recommence
https://www.spglobal.com/spdji/en/do...03-nzx-pph.pdf
Well Beagle nailed it again… what a legend
$8.00 …. Here we go!!!!
This will be interesting, let's see how the big guns navigate such low liquidity, guess big gap up tomorrow from punters/speculators and then as this takes effect, a hold-out on the Ask forcing constraints on volume buy's, like why sell now when you can string-out the big money for much higher prices. More interesting might be whether long hold money decides to provide some Ask volume and exit some of theirs into the bid.
It has always been worth a lot more than it has been trading at imo - lack of interest from brokers, analysts and instos due to it not being in the NZX50.
Now they have no option but to take interest.
They will find a well managed company with an excellent track record and a reliable high dividend yielder. And an outstanding conservative balance sheet with cash in the bank - similar to Briscoes.
And with its inclusion in the NZX50, they are going to have to pay up to get set as the stock is tightly held by mostly retail investors and management/directors.
Happy times ahead!
Worth more, or priced more? Don't confuse the market price, with the company value. It could easily be priced more by the market, despite whatever value you assign to it. Getting into the NZX50 (again) is a big deal, there's some big money that are literally forced to take a position, and there's feck all sellers on any given day. What do they say, when demand exceeds supply? Price goes up, it's just a market doing its thing.
Tomorrow and next few days will be very interesting, like who wants a piece of this who hasn't already got some? Before the big money, so you can sell to them when it gets silly over priced. It doesn't happen all that often, but it's happening now with this one. Enjoy, it's rare that small holders have any advantage. Only disadvantage is the minnows are not experienced in taking that advantage.
I hear ya alokdhir but Beagle did the numbers on the other place in detail and was right. Give credit where credit is due.
Balance will get similar praise if he is right about an OCA cap raise..
FM got Smartpay correct very early and is also a legend.
I’ll give you praise if you make a big call on something and are right :)
I’m a fair man. There’s lots of legends around actually
Good on you mate ...Many made calls on FPH reaching $ 10 also ...which made many sell and feel happy ...hope u got the point ...lol ...yes credit is due to u also for forgetting such stuff ....but thats being positive I recon ....like HGH / WHS / what not !!!
Why listen to perma Bull ....who said bottom made in last June ....maybe perma Bull ...not many here ...was called upramper at that time ....
Agree w/ what both Baa Baa and Balance who are coming from different perspectives.
The index pop is going to be fascinating to watch. Some index inclusions have been subdued affairs and some have been spectacular - Meridian Energy inclusion into some offshore index in January 2021 springs to mind - where it had been trading at about $5.50, popped to $9.14 and within a few months was back at $5.00. For a stock with such low liquidity, and a reported 1.4m shares needed to be purchased by index trackers, would expect a nice pop as index trackers purchase. Trick will be keeping ones eye on the cumulative shares traded and watching that SP, as when the trackers are done purchasing, demand will disappear and there will still be sellers who had been holding out for higher prices, and now fearful the SP has peaked will have to meet the market on the way down in order to lock in profits. Goes up fast, can go back down fast - hence, index pop.
That said everything Balance said about the benefits of NX50 inclusion are absolutely valid. Inclusion brings more awareness of the stock, increased pool and diversity of holders and new buyers, & the potential for research - all good stuff and the right ingredients for a re-rate holding all other things constant.
Ultimately though its the financial performance of the company that will dictate price of the stock after index inclusion is bedded down. Remember all the pumping associated with the Warehouse over its NZX50 inclusion in April/May of 2022? Must had been mentioned hundreds of times in the lead up to its inclusion, but despite the inclusion its share price still down 50% since then. It's likely to be booted out at some point as well (again, for the umpteenth time).
In that respect index inclusion could be coming at an opportune time as retail trading conditions deteriorate in OZ. ABS shows rapidly slowing clothing sales: January 17.4%, February 6.2%, March 3.6% (well below inflation). The most timely and widely watched dataset is CBA's internal credit card spending data series (as the largest card issuer in Australia), and they noted clothing retail sales went negative in the last week of March. It's difficult in my view to paint an honest picture that Australian clothing retail isn't facing significant headwinds. There hasn't been an update since as CBA are working on an improved card spend report, which will be released next week.
Attachment 14567
The Forsyth Barr NZX50 Index Tracker has indeed proved to be a very good resource for those of you interested in index inclusions/exclusions (the underlying source to the speculation). In the end, HLG's free float adjusted market cap was ~3% more than Napier Ports, despite having ~35% worse free float adjusted liquidity. None the less, it met the minimum absolute and relative liquidity tests, so by rights got inclusion into the index. And as noted elsewhere, the most recent joiners are often the most recent leavers as well. HLG been in the NZX50 before, booted out before, with no enduring re-rate.
Will be fun to watch - get a bag of pop corn - and see where the liquidity comes from and the price that must be paid to secure it. Just don't be surprised when momentum traders dressed as investors sell into the pop.
Congrats to holders, enjoy it and if you take advantage good on ya.
Congratulations to all holders, and thank you Baseagle for all your valuable input. Will have to go and celebrate somewhere.
Oz Today:
https://www.abc.net.au/news/2023-05-...tes/102296992?
The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?
excellent post and yes you dont want to end up like poor meridian buyers who paid at 9 - 10 dollars ( not saying price will behave like that )
your most likely never get money back
anyway index funds who already own hlg ie small cap funds will need to sell now as it has been removed from those index's
Of course not, but don't spoil the fun of the traders ... and hey - sometimes hype can create amazing short term waves. Give it a couple of days and the hype will be gone.
The only thing which counts mid and long term is earnings capacity. And yes, some people think HLG will keep growing in Australia. If it does, SP will grow as well. If it doesn't, it won't. Has nothing to do with being in the NZX50 or not.
Index additions and removals only might create molehills ... if this happens here, make sure you dance very close to the exit and be prepared for the stampede if the masses perceive HLG reached the top of the hill and everybody wants out.
Estimated 1.4m shares to buy over 5 trading days to meet the passive index funds' requirement.
Going to be very interesting indeed how the next 5 trading days play out.
no sh.it only thing i had wrongg was my liquidity opinion was not cap weighted but was correct from a pure liquidity side of things anyway im still out as retail is going to slow even for hlg so agree with bp comments not worth chasing be able to buy it cheaper some time in the future
looks like the funds are moving into sell to the chasers this morning
I bought mine st $5.10 and am happy to watch the action unfold.
Warning to all newbie posters on this site - bull… is hindsight Charlie who posts on any stock where there is activity. His posts are always about him buying or selling ahead of the market action to try and make himself look good and attract a following like some of the legends here.
Been waiting for an opportunity to really catch him out and he fell for it here.
So be warned.
haha hindsight only have to look back on this thread bull was saying get out at the top over $7 because of the coming down turn
why balance and and his mate beagle and co were busy ramping by saying its going to 10$. just like they all did on oca
all on this thread for all to see
actually all this bickering shows is that the rampers get very upset when someone says something that might upset there plans
OCAis being taken care of management real well! Sp down by 50%.
What cards?
That I hold HLG and am very very happy that it is getting the recognition that it deserves by being back in the NZX50.
Very very happy with HLG and waiting for the OCA results announcement.
[QUOTE=Balance;1001939]OCAis being taken care of management real well! Sp down by 50%.
Balance, since when do Management control the housing market? They don't. All the can concentrate on is doing what they are doing. Anyway OCA on on another thread.
What cards? Both you and Bull. Show you buys and sells of HLG.
And now on a happier note. I don't know what all the fuss is about, but it is very entertaining. I have been buying in for div etc for last 10 or so months with my lowest buy at $4.99c and am very happy with investment so far which is up 84k including div. Have bought about 25 blocks and have still got a few more blocks to buy before inclusion date. So now that is my hand and have a happy rest of day and a dancing I shall go. Ps Basiagle had a lot of good info and input, so thank you Baseagle.:t_up:
35,000 shares on offer at $6.80
Must be Seeweed?
Been a crazy ride over the last 2 weeks.
Too the moon.....!! ***insert rocket emoji***
HLG be a billion dollar company one day
at just 4 x NTA and a princely dividend - looks like a steal :)
not a good look ... using slave labour ?
Popular New Zealand clothing brands Glassons and Hallenstein Bros failed to publicly disclose basic information on where their clothes are manufactured and the workers in their factories
https://www.newshub.co.nz/home/lifes...ade-oxfam.html
what happens if there found unethical does that mean ethical funds have to sell ?
HLG to hit $7 today (surely)
I am loving the banter in here. I have held HLG for the last few years and I always pop in here to see what is going on if there is a major movement in the stock price.
I would just like to say thanks to everyone who has input. As a bit of an investment noobie I appreciate your wisdom. :)
I have a question though all things considered with HLG when do you decide it is a good time to sell some or all of your stock if at all. I mean I know they are not a growth stock and they do pay a fairly good dividend. Do you just sit back enjoy the ride and collect the dividend as I have been doing or do you use some well considered judgement to make the call that the stock is peaking and your money could be better invested elsewhere? What sort of methods do you use to decide such things?
As a rank amateur t/a person, the RSI is over 70 so will get some down days before more ups as we go.
As long as it keeps going up back up past what it went down I'll be happy!
SP seems to go in waves though, when is inclusion day again - 11th, if so maybe sell tomorrow if your a trader??