Farmers.....
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A nice small tight share register .. a sniff in by any of the large funds could seriously pop the SP lid off the HLG jar IMO :)
https://www.nzx.com/announcements/426618
Trading Update and Profit Forecast
The Company advises that unaudited total Group sales for the six-month period ended 1 February 2024 were $223.0 million, compared to $223.3 million in the prior corresponding period.
Group unaudited net profit after tax (NPAT) is projected to be in the range of $21.0 million to $21.5 million, an increase of approximately 2% over the prior year ($20.8 million).
The balance sheet for the Group remains strong and stock levels continue to be well controlled contributing to improved gross margin for the half.
A full announcement with six months financial statements including dividend declaration will be released to the market on 28 March 2024.
Chris Kinraid
Group CEO
Great result in current climate!
Amazing update from HLG
Sales about the same as pcp and profit up
I should not have thought the worst
A very robust result - trading must have roared back from 14 dec to end of January! Impressive
can't underestimate swifty
none the less a good pick up in aussie retail last month
https://kepleranalytics.com/week-ending-18-02-2024/
https://www.westpaciq.com.au/economi...ker-15-02-2024
likewise good pick up in glassons.com aussie traffic on pcp ( a good leading indicator)
disc: holder