Hallensteins Glassons: My Perenial Favourite
At the moment their share price is at the highest it has ever been.
They have no debt (crucial to their plan) they have money in the bank, their quick to change and they operate worldwide.
The company’s earnings have seen a notable uptick recently, driven primarily by the Glassons brand’s growth in Australia. The Australian market has seen aggressive expansion BUT slowly, driven by new store openings and digital infrastructure. For the half-year ending 1 February 2026, Glassons Australia sales jumped 22.4% to NZ$151.8 million.
Australia now accounts for the largest portion of the group’s revenue, surpassing New Zealand sales.The company recently invested in a larger automated Sydney warehouse to support ongoing growth and e-commerce fulfillment.
A dividend of NZ$0.29 per share was recently announced for April 2026.I have no doubt to recommend them to buy, you should do your own research into HLG before you do, its now around a 6% dividend payment and the fact that they are growing the Glassons share of the business in Australia – this is their woman’s clothing offer.
So I see a valuation $12.50c on this share, so still at around 5% but you can more than often get this little gem for a lot less than its intrinsic value because its so thinly traded. If this bet with Glassons Australia continues I see this getting up past $15 in the near future.
I will hold on to this baby forever!!
*I hold this stock and have held it since 2003-2004.
