Sunday, September 27, 2015

Hallenstein Glasson 2015 Profit

Just back from a self imposed exile.


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

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 c Share Investor 2015