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
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c Share Investor 2011