Showing posts with label Hallenstein Glasson. Show all posts
Showing posts with label Hallenstein Glasson. Show all posts

Friday, September 25, 2020

Why Hallensteins has the Advantage over Everyone Else



Hallensteins Glassons - HLG.

You know it's a well run company - I'd say the best company of its type anywhere in Australasia.

It does not have any debt and has cash in the bank. Whatever challenge it faced up to in its over 140 years of existence it has overcome that. Covid 19 will be no different.

In the area it operates in one thing is clear. The weaker competition is falling - including the recent influx of overseas brands.

Once a couple of these have got the tail between their legs and scuppered, from this part of the world or entirely - they all hold far too much debt. Hallensteins will be there to mop up the peices AND have far less competition!!

So Hallensteins will be planning right now to change, just how much change is up to conjecture but they will probably change anyway. Their online store is just one feature. The only change down at Hallensteins HQ will the fact that Covid 19 is just another one of those changes of a long list they been through before. 

One thing I constantly am appalled about and that is the comparions made between the economic fallout  from Covid 19 and the Great Depression.  It is by no means as serious as the Great Depression and is not likely to be unless something goes horribly wrong - that whole Great Depression/Recession thing annoys me. We have got a long way to go before we stoop to the depths of depravity those poor souls had to suffer - So Hallensteins passed the Great Depression.

Hallensteins will come out of this - Covid19 - in the same way. The way they have come out of the rest of the calamities than have befallen them. With a new approach to doing business.

For without that new approach combined with the old fashioned attitude towards debt Hallensteins Glassons Group would be yesterdays toast.




Now im no expert at share prices. I just know a great company when i see one. This little puppy plumbed the depths of about $1.80c just a couple of weeks ago. Right now its up on hope - its doubled in price to about $3.60c - hope that things will get started again - soon.

You could buy today or take your chances and buy on the bad news. Because there is more bad news - none moreso than any other stock on the nzx.com - to come with this stock.

DYOR.

  

Hallenstein Glasson @ Share Investor


Hallenstein Glasson: Buy
Hallenstein Glasson: What Do I Do?
Hallenstein Glasson: Sold By Days End?
Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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 Group 



Share Investor 2020

Monday, April 15, 2019

Hallenstein Glasson Holdings: Winter Surprise?




Hallenstein Glasson last recommended here in Jan has taken the 20 net div off and retreated somewhat in its share price.

I cant work out what this share is going to do in terms of share price except to say ill give you some of my feelings on the matter if you were going to buy this company right now.

The all important US/kiwi cross is about the same, inventory is crisp and buying is on key.

What is not apparent, yet, is what the consumer is going to do, and how that will develop along with winter temps.

Hallensteins has been hurt before by mild winters, so what is needed by the group to get the ultimate shot is a good winter all over the country AND it has happened before.

So as far as the winter is going, well it is starting to look good. It is getting cooler than usual for this time of year - in Albany.

Where does that leave the share prince for an opening?

Well I am picking weakness - not unusual for this time of year - so a pull back to the early $4.20's wouldn't be a surprise and if there's anything unusual going on, HLG management will bluntly let us know, they always do.

Either way don't forget that this is the number 1 payer of divs on the NZX. Currently paying over 9 % pa net.

AND its showing a lot more buying interest over the last year - a lot.

Trade/Invest wisely.



Hallenstein Glasson @ Share Investor


Hallenstein Glasson: Buy
Hallenstein Glasson: What Do I Do?
Hallenstein Glasson: Sold By Days End?
Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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 Group 




Share Investor 2019







Thursday, January 10, 2019

Hallenstein Glasson: Buy




Well I've come from my holidays with an overwhelming sense of wanting to spend some money on something.

Primarily because its been a rather good Christmas and things are looking up for the New Year.

What am I looking at?  

Hallenstein Glasson.

Its currently trading at $4.20c but was trading at $6.30c in Sept of last year.

Currently its is trading on a healthy 10% + yield and is currently got a P.E. Ratio of 9.15%.

The company also has no debt and millions in the bank.

As far as the market is concerned nothing has changed... the market thinks it has changed though.

What has changed? 

Well the market has gotten nervous over Trump.

Nothing to see here.

The US/NZ $ has changed? 

Not really, they have fixed their currencies for some time. That will probably happen towards the end of the year.

The only change have been indications that sales could be down.

Nothing from the heads of Hallenstein Glasson until latter on this month or next (nobody knows).

So if you've got a spare few shekels left after Christmas you could be in for a bright spot latter on this month or next if you plunk them down now.

You could get this one for under 4 bucks.

DYOR.



Hallenstein Glasson @ Share Investor

Hallenstein Glasson: What Do I Do?
Hallenstein Glasson: Sold By Days End?

Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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 Group 




Share Investor 2019





Tuesday, August 21, 2018

Hallenstein Glasson: What Do I Do?




Hallenstein Glasson Holdings Ltd is a stock I haven't looked at here since Jan 23 2017.

In case your wondering I now operate from here.

I have owned this particular stock this time for 7 years.

I write this particular column this time because of the recent rise in share price from just under 4 bucks at the beginning of the year to finish yesterday at $6.03.

People like me have loved this stock for years. It is well run by a bunch of penny pincers and has no debt.

As of writing its still paying a net 6.23 % div, which is the MOST on the New Zealand market.

It looks like it is finally making head way and they have got all their ducks in a row.

Online they are doing exceptionally well and Glassons and Hallensteins, their two brands have not really done any better.

They have in fact got a mate who is buying up Hallensteins shares 1a for the past 3 weeks and he now owns - buy my calculations - around 10% of outstanding shares. 

Which makes him the 2nd largest shareholder after Tim Glasson.

I own this stock because it pays me well over a 20% pa return and I have no problem keeping it.

You would have to give me somewhere north of $7 bucks to get rid of it.

You would own it first for its still good return and for the fact that some other chap about 2000 miles from here is interested too.

DYOR. 



Hallenstein Glasson @ Share Investor


Hallenstein Glasson: Sold By Days End?

Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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 Group 





Share Investor 2018








Monday, January 23, 2017

Share Price Alert: Hallenstein Glasson Holdings Ltd 4

Image result for hallensteins nz charts


Hallenstein Glasson Holdings Ltd [HLG.NZX] Is a stock we clapped eyes on on March 23rd 2016.

It was selling for more or less the same price as it is going for today.


Much has been said in the media as in this story yesterday about listed retailers in general.


I have it that Hallensteins will get a strong number in comparison to other years but its not going to be their best year by far.


All signs point to an upwards trajectory in profit for the coming 12 months.


After that all bets are off.


We are missing out one factor when we talk about stocks - that is, The Trump Factor. 


When we talk about stocks we must always start our sentence with those 3 words and go from there.


What will he say, what will he do.


Should be an interesting year for Hallensteins.




Hallenstein Glasson @ Share Investor


Share Investors Portfolio @ 19th Oct 2017


Hallenstein Glasson: Sold By Days End?

Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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




Share Investor 2017







Sunday, September 27, 2015

Hallenstein Glasson 2015 Profit



Just back from a self imposed exile.

Wonderful.

Top of my agenda is Hallenstein Glasson Ltd [HLG.NZ].

It is top of my agenda because it has its full year 2015 profit out on Wednesday and there is much talk of oh its had its best days behind it, it wont be long before its doing its best impression of a Pumpkin Patch (a stock I once owned)or Postie Plus (again a stock I used to own). There is a difference.

The difference here is that it isn't the same. It knows that there is competition out there from the Top Shop (albeit - a bastardised version) and H & M and a whole host of others and they will be going in the shops daily to see what they are up to - trust me,they do.

The shtick is that there is competition and we are going to take it seriously.

Amongst our leading selling bits and bobs we are going to do anything to appeal.

We DO realise that things have changed and that we have to be on our toes to meet those changes as they happen.

We have been here for 135 years and we along with our cash - no debt you understand - are going to be here for another 135 (60 years of that will be with me, 12 years so far)developing in whatever way the public deems necessary.

We will change and change again.

I have had my doubts about this company but it responds in cycles. At the moment it should be going through a recovery cycle but it isn't, people have lost faith in it, that's good that it isn't because it just leaves more room for people like me to buy more - which I'm doing.

I managed to scape enough together for an additional 4000 shares, bringing my total to 14000.

I noticed they got to about- not about, exactly $3.10 before trading up recently at $3.50.

I got mine at about $3.20.

I haven't heard a thing about this Wednesdays announcement.

I haven't even heard if its good because when management usually inform the market they were unusually quiet.

Well see on Wednesday.


Hallenstein Glasson @ Share Investor

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


Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A     Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $7.50
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 c Share Investor 2015



Wednesday, August 10, 2011

Global Market Sell-Off Stocks: Hallenstein Glasson Holdings Ltd

http://chart.bigcharts.com/custom/fairfax-com-nz/chart.asp?rnd=0.28118657500309596&style=2242&symb=HLG&size=1&type=64&time=2yr&freq=1dy&comp=&compidx=&ma=&maval=&lf=268435456&lf2=&lf3=&uf=16384&arrowdates=&arrowlegend=&country=NZ&sid=162815

Quite frankly, and as I pointed out on Friday, the whole NZX is on sale and while people are losing money people like me are contemplating buying rather than selling. On fundamentals alone there are many NZX stocks that are looking way more attractive than they had been just 3 trading days ago.

Lets look at some specific stocks though and in the third of a new series to coincide with the current stockmarket sell-off, we will look at one of the brightest retail stocks of the Share Investor Portfolio -apart from Briscoe Group Ltd [BGR.NZX] - Hallenstein Glasson Holdings Ltd [HLG.NZX]

The company has not indicated a forecast for the 2012 full year, instead focusing on possible lower margins for the coming reporting period in a May trading update , instead indicating 2011-12 will be a "challenging year". The 2011 half year result was down 16% on the 2010 HY and retail is not likely to improve significantly overall anytime soon. HLG has fared better than most retailers over the last 3 years of the economic slowdown.

During the big sell-off over the last 3 trading days the fundamentals for this stock are of course looking much better.

Lets have a look:

P/E 10.540
EPS $0.305
NTA $0.978
Gross Div Yield 13.796%

Over the last week the share price has dropped from $3.55c to finish trading yesterday at $3.21, which has exacerbated the drop from late May from around $4.20c a share. Drops of 10% & 24% respectively. This is back down to levels not seen since early of 2010 and well off the November 2010 high of $4.60.

Check out the nearly 14% gross yield!

Given that the big global market sell-off probably has more legs in it -even though there has been a dead cat bounce this morning on the DOW - investors would be wise to be a little patient before they jump in. HLG has been all over the place for a number of reasons over the last few years. Global market jitters, soft retail conditions and out of season weather have all had impacts on the company and its share price. The company is well managed though and they have traded through the depression of the 1930s and every other recession since and live to tell the tale.

Keep a close watch for the desperate sellers, the unpredictability of this market means some good opportunities for the patient.

If you were considering buying this stock before last weeks implosion, this week the GGMSO means you will be getting it on sale*.

*If you don't like some risk, stay at home and make yourself some milo and go to bed at 6.00pm.


Disc
I own HLG in the
Share Investor Portfolio



Global Market Sell-Off Stocks Series

Fisher & Paykel Healthcare Ltd
Sky City Entertainment Group Ltd


Share Price Alert Series

Hallenstein Glasson Holdings Ltd 3
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 3
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


Recommended Fishpond Reading

Crisis: One Central Bank Governor and the Global Financial Collapse

Buy The Intelligent Investor & more @ Fishpond.co.nz

Fishpond


c Share Investor 2011

Wednesday, June 8, 2011

Share Investor's Total Returns: Hallenstein Glasson Holdings Ltd

I have written about returns for stocks on a general basis in the Long Term View series of posts and the Long VS Short series but in this series, Share Investor's Total Returns, I will be giving my actual returns for stocks in the Share Investor Portfolio for as long as I have held them.

The return calculation will include dividends earned along with qualifying tax credits and of course any capital increase in the share price. It will be a total return over the length of holding of the share expressed in overall dollar figures with an individual value per share of what the stock currently is held at.

The eleventh stock in this particular series is a long term star of the portfolio and one that I have held for 3 years, Hallenstein Glasson Holdings Ltd [HLG.NZX]

The current holding of 1000 was kicked off by an initial purchase in July 2008.

The stock cost a total of $2530.00. It has returned net dividends of $743.72 and total tax credits of $366.30, with $30.00 in brokerage.

I am eligible for the full tax credit so if the gross dividend (net dividend plus tax credits)is added and brokerage taken off my full return from dividends and tax credits over the total holding period of 3 years is $1080.32

The current capital value of the company in the Share Investor Portfolio as at 3 June 2011 is $3720. The capital gain therefore is $1160.00. This gives a total return on this share of $2240.32 when dividends and tax credits are included. This is a 89% return over 3 years or a 29.66% gain per annum.

I hold HLG therefore at a total cost of $289.68 or 28c per share.


Disc: I own HLG shares in the Share Investor Portfolio


Share Investor's Total Returns Series

Briscoe Group Ltd
Ryman Healthcare Ltd
Fisher & Paykel Healthcare Ltd
Auckland International Airport Ltd
Pumpkin Patch Ltd
Michael Hill International Ltd
Freightways Ltd
Mainfreight Ltd
Sky City Entertainment Group Ltd
The Warehouse Group Ltd


Hallenstein Glasson @ Share Investor

Share Price Alert: Hallenstein Glasson Holdings Ltd 3
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


Recommended Fishpond Reading

Crisis: One Central Bank Governor and the Global Financial Collapse

Buy The Intelligent Investor & more @ Fishpond.co.nz

Fishpond


c Share Investor 2011

Thursday, January 27, 2011

Share Price Alert: Hallenstein Glasson Holdings Ltd

Chart forHallenstein Glassons Holdings Ltd (HLG.NZ)

Hallenstein Glasson Holdings Ltd [HLG.NZX] had a profit downgrade yesterday and they indicated that net profit after tax for the 6 months ended 1 February 2011 is projected to be in the range of $7.0 –$ 7.4 million, a decrease of 13% - 18% on the prior year ($8.549 million). Sales were marginally down indicating HLG was discounting to keep market share.

This comes on top of a pretty good FY 2010 result.

I was only questioning myself in September last year about whether I should sell or hold given that the shares were rocketing up and they peaked in November last year at $4.60.

The shares have been losing ground over the last few months before this announcement and they were down by 24c to $3.86 or almost 6% yesterday on low volumes traded.

It is a well managed company with excellent dividends and this bad news could be a good opportunity to pick some up as the stock price drifts south.

Buy on inevitable further weakness in the retail sector.


Disclosure: I own HLG shares in the Share Investor Portfolio


Share Price Alert

NZ Refining Ltd
Freightways Ltd
Xero Ltd


Hallenstein Glasson @ Share Investor

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


Think Bigger: How to Raise Your Expectations and Achieve Everything

Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill 




c Share Investor 2011

Monday, September 27, 2010

Hallenstein Glassons Ltd: Should I stay or should I go?

Chart forHallenstein Glassons Holdings Ltd (HLG.NZ)

The Hallenstein Glasson Holding Ltd [HLG.NZX] 2010 full year profit out today has managed to push shares in the company up by 12c to $4.24 at time of writing and it looks like the attached dividend of 17c will see a very good rise in stock price as short term dividend strippers come in for a quick buck. The rise in the HLG stock price has outstripped the rise in the NZX50 index (see chart above)

The share price at current levels (see 21 year chart below) has reached 2 years highs not seen since the pre-2008 stockmarket crash but is still well off its all-time high of around $5.75 (way too high) reached back in late 2006. It reached a low of not much more than 2 bucks in 2009 -way too low.

My very small investment in HLG began in July 2008 when I bought 1000 shares at $2.53 and since then if you include the increase in share price, dividends and tax credits I have had almost a 100% return in just over 2 years.

A pretty good return in the midst of the worst recession in my lifetime and time to have a look to see if this stock is worth selling.

My investment model rests on long-term returns but if somebody is willing to offer me good money for my shares after having had a n excellent return on my investment then who am I to argue?

I err on the side of holding, because the company is well managed and pays a very good dividend but anything north of 5 bucks will get me online to the broker for a sale.

I will let you know what happens.



Hallenstein Glasson @ Share Investor

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



Think Bigger: How to Raise Your Expectations and Achieve Everything

Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill 





c Share Investor 2010