Friday, April 10, 2026

Hallensteins Glassons: My Perenial Favourite




I had to go all the way back to Hallensteins Glassons : A 10 dollar share?, (it's a long time in this blogs readership, does anybody really know what a blog is?) to write an update of sorts now. I will start off with a comment on that blog, written by annonymous:  


Darren, no disrespect to you, but no there is no way can I see Hallesteins Glasson Holdings shares reaching $10 per share within the next 5 years, possibly even longer".


Now, apart from thre fact that it is the only comment there - apart from mine - this blog doesnt get the traffic it once did AND since I moved to facebook. I answered thusly:


Share InvestorDecember 11, 2024 at 10:11 AM

That is ok. It is just my opinion. AND you are entitled to yours. BUT I have followed this company for 25 years and I have a good feeling about this.


And I have bought more shares since then at just under $10 AND just over $9 recently. Well I hate to tell you so annonymous one - your wrong. It breached the $10 mark last year and has an alltime high of over $10.70c.

This goes from strength to strength. Its share price is hard to get a handle on because it's so thinly traded and owned by insiders. One hint of good news (and that is rare for them because its cards are always firmly to the chest) and the share price could continue to climb - its near its all-time high. I have had them for 25 + years and they have been trading on the NZX since the 1940's and been in business for nearly 150 years.

At the moment their share price is at the highest it has ever been. They have no debt (crucial to their plan) they have money in the bank, their quick to change and they operate worldwide.
The company's earnings have seen a notable uptick recently, driven primarily by the Glassons brand's growth in Australia. The Australian market has seen aggressive expansion BUT slowly, driven by new store openings and digital infrastructure. For the half-year ending 1 February 2026, Glassons Australia sales jumped 22.4% to NZ$151.8 million.
Australia now accounts for the largest portion of the group's revenue, surpassing New Zealand sales.The company recently invested in a larger automated Sydney warehouse to support ongoing growth and e-commerce fulfillment.
A dividend of NZ$0.29 per share was recently announced for April 2026.I have no doubt to recommend them to buy, you should do your own research into HLG before you do, its now around a 6% dividend payment and the fact that they are growing the Glassons share of the business in Australia - this is their woman’s clothing offer.

So I see a valuation $12.50c on this share, so still at around 5% but you can more than often get this little gem for a lot less than its intrinsic value because its so thinly traded. If this bet with Glassons Australia continues I see this getting up past $15 in the near future.

I will hold on to this baby forever!!



*I hold this stock and have held it since 2003-2004.




Posted by Share Investor at 1:16 AM 0 comments

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