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
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c Share Investor 2018
