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How to buy Hallenstein Glasson Holdings shares (HLG)

Learn how to easily invest in Hallenstein Glasson Holdings shares on the NZX.

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By

Tim Falk

Hallenstein Glasson Holdings Limited is a New Zealand-based company that operates men’s and women’s retail clothing chains in New Zealand and Australia. Shares in the company (HLG) are listed on the NZX — keep reading for simple instructions on how to buy HLG shares.

How to buy shares in Hallenstein Glasson Holdings on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Hallenstein Glasson Holdings. Find the stock by name or ticker symbol: HLG. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Hallenstein Glasson Holdings reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Hallenstein Glasson Holdings, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Hallenstein Glasson Holdings. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Hallenstein Glasson Holdings overview and background

Hallenstein Glasson Holdings Limited is a holding company that was formed as a result of the 1985 merger of the Hallensteins and Glassons retail chains. It owns and operates the retail stores for men’s fashion retailer Hallenstein Brothers and women’s fashion retailer Glassons.

The company has over 110 retail stores throughout Australia and New Zealand, plus a digital presence that accounts for almost 24% of group sales as of 1 February 2021. Hallenstein Glasson is headquartered in Auckland.

Performance and company results

In its 2021 interim report, Hallenstein Glasson Holdings Limited released its financial results for the six months ended 1 February 2021. Key figures included:

  • Group sales of $181.98 million (an increase of 13.6% over the prior corresponding period)
  • Net profit after tax of $19.84 million (an increase of 28.6% over the prior corresponding period)
  • Gross margin on sales of 56.5% (compared to 58.3% in prior corresponding period)
  • An interim dividend of 23 cents per share (fully imputed)

Key details

NameHallenstein Glasson Holdings LimitedIndustryApparel Retail
Ticker symbolHLGISINNZHLGE0001S4
TypeOrdinary SharesDate listed on NZX01 Oct 1947
End of financial yearAugustChief executive officerStuart Duncan
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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