Finance > Shares

HLG:NZX

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galumay:
23/11/21 bought 2886 shares at $7.08NZD

For commentary see the decision journal entry, HERE

galumay:
Strong recovery from the ravages of Covid in H1 2023

galumay:
Full HY report out this week, one thing I missed in the earlier update that was interesting to read was $HLG.NZX comments around their online sales - basically halved since the end of lockdowns. (Overall sales up very strongly). Customers still prefer B&M for clothing, despite all the hype about online marketing.

Price has recovered strongly back to mid $6 from low $5 range, I am reminded that its much easier to hold great businesses through cycles without worrying about capital security. Although HLG ended up a lot cheaper than I paid, I was unconcerned as I believed it would be fine and once retail bounced back it would be a stong benificiary.

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