Monday, May 30, 2011

Share Price Alert: Hallenstein Glasson Holdings Ltd 3



Hallenstein Glasson Holdings Ltd [HLG.NZX] makes a third appearance in this series of posts for 2011.

The first inclusion discussed the share price falling due to a profit downgrade in January and included the rider that this fall in share price would go further and to buy on "inevitable weakness." The second post was included for much the same reason but at a lower share price than the first.

This came after a peak in share price back in September 2010 that led me to ask if I should sell.

Since the second post in March the share price rose from $3.63 to finish at $4.17 just last week.

Today the share price has taken a 20c hit to be trading intra-day at $3.95 as this piece comes to press on news of a weak trading update to the market.

Most retail stocks have suffered over the last few months, notably PPL - with the exception of BGR & MHI & WHS - and I expect HLG to fall further on negative sentiment related to the economy as a whole.

I will be taking more interest in this stock myself sub 3 bucks.

It is a great company with its crucial value indicators looking more and more attractive as the share price weakens:

Price Earnings Ratio (P/E) 13.62

Earnings per Share (EPS) 30.5c

Net Tangible Assets per share $.978

Total Net Div Paid (last full financial year) 31c

Gross Div Yield 10.67%


Once again buy on further weakness.


Disc I own HLG, BGR, MHI, WHS, PPL shares in the Share Investor Portfolio



Share Price Alert Series

Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


Hallenstein Glasson @ Share Investor

Share Price Alert: Hallenstein Glasson Holdings Ltd 2
Share Price Alert: Hallenstein Glasson Holdings Ltd
Hallenstein Glassons Ltd: Should I stay or should I Go?
Mixed Retail Outlook
Long Term View: Hallenstein Glasson Holdings Ltd
The History Of: Hallenstein Glasson Holdings Ltd
Hallenstein Guidance not indicative of wider retail recovery
Stock of the Week: Hallenstein Glasson
Hallenstein Glasson Australian expansion needs expert execution
Why did you buy that stock? [Hallenstein Glasson]

Discuss HLG @ Share Investor Forum

Download HLG Company Reports
Download HLG Company History


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Fishpond


c Share Investor 2011

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