Tuesday, September 29, 2009

Stock of the Week: Hallenstein Glasson



The resilient result out late last week for Hallenstein Glasson [HLG.NZ] prompted me to add this company to the Stock of the Week list. A profit down from last year nonetheless but a result that shows promise for better to come and a well managed business in very troubled times.

Like every other stock on the New Zealand sharemarket this one has taken off recently (see one year chart above) and at NZ $3.03 it is higher than it was over a year ago when the economy really hit the fan and people stopped shopping but it has been alot pricier at a high of over $ 5.75 3 years ago (see 5 year chart below)

Another attractive selling point is its consistently good dividends that have been paid over the long term and this has been the result of maintaining costs to a minimum and growing sales and therefore cash flow to pay that dividend.

It is paying a gross return of over 10% at today's share price of $3.03.

If you are interested in a good long-term investment get in on general market weakness come October.

Good Luck!


Hallenstein Glasson @ Share Investor

Hallenstein Glasson Australian expansion needs expert execution
Why did you buy that stock? [Hallenstein Glasson]


Disclosure: I own HLG shares in the Share Investor Portfolio

Stock of the Week Series

Mainfreight Ltd
Fisher & Paykel Healthcare
Xero Ltd
Auckland International Airport
Sky City Entertainment Group
Burger Fuel Worldwide
Michael Hill International
Contact Energy Ltd
The Warehouse Group
Fisher & Paykel Appliances


Related Amazon Reading

Specialty Shop Retailing: Everything You Need to Know to Run Your Own Store
Specialty Shop Retailing: Everything You Need to Know to Run Your Own Store by Carol L. Schroeder
Buy new: $19.77 / Used from: $16.01
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c Share Investor 2009

Friday, September 25, 2009

John Key rings Wall Street Closing Bell

3 News Video On Demand


Following a great honour and tradition for Celebs or politicians to close trading for the day on Wall Street, New Zealand Prime Minister John Key rings the bell for close of trade on September 24 (NY time) on the New York Stock Exchange.

Is a tradition long celebrated on the NY Stock Exchange and for John Key to get to do it just shows the respect he still has from his years on the Street.

Hey, I am still here but baby is taking up our time lately.

I am working on an interview with Don Braid, Managing Director of Mainfreight [MFT.NZ] and that should be out in a few weeks.

Until then, enjoy the video and imagine it is you !

Recent Share Investor Reading
Related Amazon Reading

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Wall Street: A History: From Its Beginnings to the Fall of Enron by Charles R. Geisst
Buy new: $18.24 / Used from: $6.67
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c Share Investor 2009