Share Price Alert: Hallenstein Glasson Holdings Ltd

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

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Hallenstein Glasson @ Share Investor

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Discuss HLG @ Share Investor Forum

Download HLG Company Reports
Download HLG Company History




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




c Share Investor 2011

Investing in the Stockmarket: Timing your Purchase

My Mainfreight Ltd [MFT.NZX] shareholding really is a tale of two stories.

I bought my initial shareholding at $7.96 and $8 over 4 years ago and my most recent addition in 2009 for $4.20.

Yesterday the stock closed at $8.15, an all time high.

The two stories are as follows:

1. The initial shareholding has returned $1.02c in net dividends and 33c in tax credits with a rise in share price of 2%. This gives a total return of approx 19% or an annual return of approx 4.75%.

2. The second shareholding has returned 42c in net dividends and 33c in tax credits with a rise in share price of 94%. This gives a total return of approx 107% or an annual return of approx 71 %.

Apart from the quality of the company and the research you must do to find the right performance and management, what I am pointing out here is that the timing of your investment purchase is critical to your returns.

I was happy to buy the company at 8 bucks because I knew long term that I would be a winner and the recent share price rise and performance of the company is vindication of that but clearly buying stocks when the prospects for a good company are at a high is not always the best way of buying.

I have learnt this over the last 2 years of the stockmarket volatility, buying beaten down stocks (see below for links) in companies I already own, and it looks like another opportunity will present itself as global stockmarkets like the NYSE start to reach all-time highs (with the exception of NZX, Japan and a few others) in a global economic background that doesn't fit with stockmarket gains.

I am keeping my options open and being patient, so should you if you want better returns.


What Share Investor Has Been Buying

July 2009
July 2009
July 2009
April 2009


Mainfreight @ Share Investor

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	The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials) by Benjamin Graham Buy new: $13.25 / Used from: $9.24 Usually ships in 24 hours
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c Share Investor 2011

Queenstown Aiport Case: Air New Zealand VS Auckland Airport

On news that Auckland Airport Ltd [AIA.NZX] have secured a deal for China Southern Airlines to begin flights between Guangzhou and Auckland starting in March because of Auckland Airport's deal with Queenstown Airport at the end of 2010, we must revisit Air New Zealand Ltd [AIR.NZX] opposition to the marriage between Queenstown and Auckland Airports, especially in the light of the recent purchase by AIR of nearly 15% of Virgin Blue Holdings Ltd [VBA.ASX] last week.

Air New Zealand's Rob Fyfe and Bruce Parton last year indicated his airlines opposition to the AIA/Queenstown merger was because of their monopoly status and the "anti-competitive" nature of the company the port already had and the purchase of 27.7% of Queenstown Airport would cement that monopoly.

There are also several businessmen in Queenstown in opposition to the merger and factions within the Queenstown Council, who own the majority of the Queenstown port.

Apart from the clear benefits that the Chinese Airline will have on the New Zealand economy, benefits that I initially was dubious about last year when the deal was announced, the added revenue for AIA is going to be good for shareholders, especially as this route looks like it will develop further over the long term.

For Air New Zealand to continue their case in the Christchurch High Court is to be guilty of hypocrisy of the highest order.

While you may agree that Auckland Airport has a monopoly - it indeed does and that is why I am a shareholder, AIA's purchase of Virgin Blue is pretty much the same deal as engineered by AIA/Queenstown and also cements, for AIR, a history of anti competitive behavior in the Airline business in this part of the world and specifically the stranglehold they have on flights into the booming Queenstown tourism sector.

For them it is about protectionism of their near monopoly in Queentown and the benefits this has on their routes out of that port and Auckland Airport as well.

In effect they are attempting to do the same as Auckland Airport.

Don't expect AIA to take a court case against AIR though.

You wouldn't expect less from a quasi Govt Department though with taxpayer dollars bankrolling them.


Disclosure I own AIA shares in the Share Investor Portfolio


AIA @ Share Investor

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Queenstown Airport Buyout @ Share Investor

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Discuss this Stock @ Share Investor Forum - Register free
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AIR @ Share Investor

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Discuss this stock at Share Investor Forum - Register free
Download AIR Company Reports




THINK BIGGER: HOW TO RAISE YOUR EXPECTATIONS AND ACHIEVE EVERYTHING
BY MICHAEL HILL





c Share Investor 2011

Share Investor Portfolio: Value @ 24 January 2011

The good start to the year for the Share Investor Portfolio ended last week. The Portfolio is down 0.56% or $1573.47 on the Jan 17 update . For the first 3 weeks of 2011 the portfolio has increased by 1.66% or $4600.29. This weeks fall was due, primarily to a 4c drop in SKC, the biggest part of the portfolio. Other stocks lost marginally, while the WHS regained 7c after a previous week of losses due to a negative trading update.

The total of unspent dividends in the bank from the 2010 earnings year is $16631.93 at close of reporting season for 2010. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

Share Investor Portfolio as at 09:37:08, Monday 24 January, 2011 (NZDT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
AIA	2,000	$1.700	$3,400.00	$2.250	$4,500.00	$1,100.00	32.35%
AIA	2,000	$1.510	$3,020.00	$2.250	$4,500.00	$1,480.00	49.01%
AIA	803	$2.150	$1,726.45	$2.250	$1,806.75	$80.30	4.65%
AIA	445	$0.000	$0.00	$2.250	$1,001.25	$1,001.25
AIA	64	$1.650	$105.60	$2.250	$144.00	$38.40	36.36%
ASBPB	2,946	$0.000	$0.00	$0.725	$2,135.85	$2,135.85
ASBPB	7,054	$1.000	$7,054.00	$0.725	$5,114.15	$1,939.85	27.50%
BGR	438	$0.000	$0.00	$1.380	$604.44	$604.44
BGR	2,562	$0.990	$2,536.38	$1.380	$3,535.56	$999.18	39.39%
FBU	266	$0.000	$0.00	$7.770	$2,066.82	$2,066.82
FBU	848	$9.750	$8,268.00	$7.770	$6,588.96	$1,679.04	20.31%
FPH	3,000	$2.350	$7,050.00	$3.200	$9,600.00	$2,550.00	36.17%
FPH	541	$0.000	$0.00	$3.200	$1,731.20	$1,731.20
FPH	1,459	$3.720	$5,427.48	$3.200	$4,668.80	$758.68	13.98%
FRE	1,882	$0.000	$0.00	$3.230	$6,078.86	$6,078.86
FRE	6,749	$3.630	$24,498.87	$3.230	$21,799.27	$2,699.60	11.02%
GFF	541	$0.000	$0.00	$1.710	$925.11	$925.11
GFF	1,459	$2.330	$3,399.47	$1.710	$2,494.89	$904.58	26.61%
HLG	244	$0.000	$0.00	$4.100	$1,000.40	$1,000.40
HLG	756	$2.530	$1,912.68	$4.100	$3,099.60	$1,186.92	62.06%
KIP	190	$0.000	$0.00	$1.000	$190.00	$190.00
KIP	810	$1.480	$1,198.80	$1.000	$810.00	$388.80	32.43%
MFT	1,000	$7.960	$7,960.00	$8.010	$8,010.00	$50.00	0.63%
MFT	1,838	$8.000	$14,704.00	$8.010	$14,722.38	$18.38	0.13%
MFT	657	$0.000	$0.00	$8.010	$5,262.57	$5,262.57
MFT	1,505	$4.200	$6,321.00	$8.010	$12,055.05	$5,734.05	90.71%
MHI	1,646	$0.860	$1,415.56	$0.890	$1,464.94	$49.38	3.49%
MHI	7,000	$0.630	$4,410.00	$0.890	$6,230.00	$1,820.00	41.27%
MHI	718	$0.000	$0.00	$0.890	$639.02	$639.02
MHI	636	$1.050	$667.80	$0.890	$566.04	$101.76	15.24%
PPG	31	$0.000	$0.00	$0.290	$8.99	$8.99
PPG	1,500	$0.440	$660.00	$0.290	$435.00	$225.00	34.09%
PPG	1,004	$0.800	$803.20	$0.290	$291.16	$512.04	63.75%
PPL	1,000	$3.090	$3,090.00	$1.600	$1,600.00	$1,490.00	48.22%
PPL	1,000	$2.870	$2,870.00	$1.600	$1,600.00	$1,270.00	44.25%
PPL	939	$4.200	$3,943.80	$1.600	$1,502.40	$2,441.40	61.90%
PPL	877	$0.000	$0.00	$1.600	$1,403.20	$1,403.20
PPL	1,184	$1.530	$1,811.52	$1.600	$1,894.40	$82.88	4.58%
RYM	459	$0.000	$0.00	$2.360	$1,083.24	$1,083.24
RYM	4,586	$1.970	$9,034.42	$2.360	$10,822.96	$1,788.54	19.80%
SKC	5,750	$7.430	$42,722.50	$3.240	$18,630.00	$24,092.50	56.39%
SKC	1,000	$7.600	$7,600.00	$3.240	$3,240.00	$4,360.00	57.37%
SKC	2,750	$7.700	$21,175.00	$3.240	$8,910.00	$12,265.00	57.92%
SKC	1,431	$8.750	$12,521.25	$3.240	$4,636.44	$7,884.81	62.97%
SKC	25,085	$0.000	$0.00	$3.240	$81,275.40	$81,275.40
SKC	899	$4.720	$4,243.28	$3.240	$2,912.76	$1,330.52	31.36%
STU	78	$0.000	$0.00	$2.270	$177.06	$177.06
STU	322	$4.740	$1,526.28	$2.270	$730.94	$795.34	52.11%
WHS	4,500	$3.730	$16,785.00	$3.630	$16,335.00	$450.00	2.68%
WHS	6,979	$6.000	$41,874.00	$3.630	$25,333.77	$16,540.23	39.50%
WHS	2,880	$0.000	$0.00	$3.630	$10,454.40	$10,454.40
WHS	641	$3.710	$2,378.11	$3.630	$2,326.83	$51.28	2.16%

18.28%

	Total cost	Market value	Change
	$278,114.45	$328,949.86	$50,835.41

Share Investor Portfolio @ Share Investor

Share Investor Portfolio: Value @ 17 January 2011
Share Investor Portfolio: Value @ 10 January 2011
Share Investor Portfolio: Value @ 3 January 2011
Share Investor Portfolio: Value @ 27 December 2010
Share Investor Portfolio: Value @ 20 December 2010
Share Investor Portfolio: Value @ 13 December 2010
Share Investor Portfolio: Value @ 6 December 2010
Share Investor Portfolio: Value @ 29 November 2010
Share Investor Portfolio: Value @ 22 November 2010
Share Investor Portfolio: Value @ 15 November 2010
Share Investor Portfolio: Value @ 8 November 2010
Share Investor Portfolio: Value @ 1 November 2010
Share Investor Portfolio: Value @ 25 October 2010
Share Investor Portfolio: Value @ 18 October 2010
Share Investor Portfolio: Value @ 11 October 2010
Share Investor Dividends


Share Investor's Annual Stock Picks

Share Investor's 2011 Stock Picks
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c Share Investor 2011