Don't you mean 55%
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[QUOTE=clearasmud;902547]Don't you mean 55%[/QUOTE
It is 80%.
Michael Hill 148m shares
Emma Hill 167m shares
Total shares 387m shares
Not much share price movement after the great FY announcement this morning. This is very typical of MHJ. It's like the market doesnt believe the numbers or something. Then over the next week or so the SP starts trending upwards. Be over $1 soon.
"Be over $1 soon."
lets hope so!
MHJ should get a big cheer from the investment community; champagne performance.
wont be surprised to see some of those sold off on a good performance.
no big institutional support means its only retail SHAZ that support it.
ACC dumped some recently.
some picked up by "Spheria Asset Management Pty Ltd"
Notices of performance securities in June.
Hill R Michael Family 148,330,600 38.2% Spheria Asset Management Pty Ltd. 50,814,123 13.1% Regal Funds Management Pty Ltd. 19,370,415 4.99% Mark Hill 19,156,926 4.94% Emma Jane Hill 19,156,926 4.94% Accident Compensation Corp. 18,922,378 4.88% Fidelity Management & Research Co. LLC 5,404,289 1.39% Robert Ian Fyfe 2,693,640 0.69% Vanward Investments Ltd. 2,298,056 0.59% Dimensional Fund Advisors LP 2,226,561 0.57%
Crisis what is your source? Your link goes back to a ST post?
Everywhere I look says Emma/Mark Hill own 167m shares.
The Hills should mop up the rest of the shares for $1.50 and be done with it. It would cost them $116m. $70m cash in the bank. Banks would lend the rest. If it wasnt for the Hills large blocking stake private equity would have raid this company already.
Anyways. Waltzingman says he wouldnt be surprised to see Rob Fyfe sell down some of his holding. Probably deserves to giving he purchased over 1m shares last year around 37 cents. Might need to sell some of his 2 bagger to build a new deck. Fair enough.
Apologies for the wrong link. Insider holding 51.7% and Free float 49.3%
Source: https://www.marketscreener.com/quote...88133/company/
or https://nz.finance.yahoo.com/quote/M...lders?p=MHJ.NZ
Weird. Their report out today says different so I assume market screener (which likely feeds of yahoo) is incorrect? I assume the board members know their own holdings. ASB securities has the same as todays report.
BTW- I have found Yahoo to have wrong data in the past. last example i came across was on dividend data on HLG. It's historical data was incorrect when compared to dividendyield.co.nz website and when checking against annual reports the yahoo data was wrong.
well i am probably very wrong there as this might be the start of the performance curve and the share price is still pretty cheap.
in fact if these numbers stay why wouldnt the share price go past 1.50.
Mark & Emma Hill (aka Mole Hill Limited & Squeakedin Limited) have an interest in Hoglett Hamlett Limited so their total interest in the AR includes that. Total Hill interest is ~50%.
extrapolate the chart out as per Mr D Guppy and you get back over 1.60 in no time and that is taking the base line out without any spikes.
"Daryl is a guru"
he hasnt spoken on this stock but if we look at the 6 month base line since the turn around and do channel as per Carter Braxton Worth what do we get..
1.60 on the base line..
Winner(n) , might like to double check that with superior math skills..
They have an awful lot of stores in Australia which will be shut and now N.Z. as well. Trading right on the 100 day moving average line and the risk looks like a breakdown to me.
WHS is a needs based business, MHJ is not, that's all I will say about it apart from to again wish holders good luck.
Beagle still not a fan even after an exceptional result. One thing he will like is how MHJ keep the wage subsidies they get from Aus/Can/NZ govts. No refunding going on over here, unlike WHS. Management very commercially focused taking every cent they can for shareholders.
On the call yesterday analysts asked if MHJ get any post lockdown revenge spending.. CEO and CFO highlighted Canada who are out of lockdown and posting +24% same store sales for the first seven weeks of FY22. They said they "felt Canada owed them" this sort of sales uplift post lockdowns and were happy to see it come to fruition. Probably fair to say NZ and Aus will experience the same post our lockdowns. Maybe humans do need the sparkly stuff? Retail therapy after tough lockdowns? We earned it I guess.Quote:
WHS is a needs based business, MHJ is not..
certainly hope it breaks down... NZX doesnt have machine learning algo's hitting it hard and only the SHAZ to support non NZX 50 stocks plus a few companies.
Doesnt look like the SHAZ are stupid and the buying is there today.
75-80 range would be a wonderful buying op.
big support line across 70-77.
As ONeil says the bigger the base the bigger the break out.
Looks like profit taking by some from the april update and last years bargain prices.
Gee Waltzing- 75-80 range? If it drops there i suspect every man and his dog would be backing up the truck.
MHJ have $72m cash on the books. That's 19 cents per share. I reckon once we are past lockdowns and living with covid (sometime in 2022) it is special dividend time. 10 cents per share would feel about right.
"Gee Waltzing- 75-80 range"
too much fresh air....
What if the cash pile gets even bigger?
Its got more cash then HLG...
[Deleted]
What if they out perform both WHS and HLG?
unlikely of course...
Here in aotearower we are struggling with covid right now but very soon that will change with increasing vaxis, something like one million have been double jabbed... can pay a spc divi in 2021 but too many companies worry about the signal it sends of investors making profits
The least favoured retail stock on the market.. numbers EPS / PE looking good.
You get the bling and the
https://www.youtube.com/watch?v=bvfi8XtSSiE
and for the traditionalists
https://www.youtube.com/watch?v=knLd8bfeWtI
Such a cool phone. Wonder if they still work.
No shiny things were worn in this cute photo.
If you must wear a decent watch on one's paw, make it a Swiss watch that lasts for life not the rubbish Chinese made junk they sell at MHJ.
Other than that and a diamond ring for Mrs B all other shiny things are a waste of perfectly good money, in my opinion.
Attachment 12883
Yes there is no need for shiny stuff on the Hunt...except on the lapel of the jackets.
But for some young people this retail chain ROCKS...
but it could be a long wait ...
https://www.youtube.com/watch?v=6p-lDYPR2P8
LOV is a great Jewellery stock for sure... no arguments there.
LOV.asx has goodish growth but holy heck it is trading at huge multiples. It increased revenue 15% on FY2019 levels. I dont see what all the fuss is about to be honest.
LOV all about the fast fashion jewellery. MHJ more traditional in a way.
I wonder when MHJ will turn to growth? They have consolidated/refined the business with store rationalisation, new employee sales incentive scheme, no more big discounting promotions, more efficient 3pl supply lines and strong online + branded jewellery offerings. They say a new online market will be entered by H2 FY22, that should offer some growth opportunities but will come with fairly large marketing costs I would imagine. At least its not going to be a physical store rollout. Hill Snr probably wont allow it whilst he is sitting at the board room table, after the USA nightmare....
Its in recovery mode and you have to like the numbers such as stated here by others before P/E. If numbers just stay at this level and surely they will improve a bit that P/E is hard to beat..
When P/E's go over the 3 figure mark you need growth.
The other stock has some very big back fills in it..
This stock has a long slow train wreck graph and then the start of a turn around.
From a pending destressed asset point of view this fits the bill.
Looking for destressed assets in Europe from here on in.
Your road to recovery in NZ is on track and there is nothing pending a deadly variant that will derail it.
yes clear as mud.
the other one is a lov'e trading stock now.
Those big back fills and they are big!
Hi Percy, Re ‘LOV's business model is successful while MHJ's is questionable.’ Can you pls elaborate with a summary of the key elements of the business models of both LOV and MHJ that makes one successful and the other questionable. Asking from the viewpoint of respect for your analyses.
Seems like a likeable enough fellow -- smart enough & good capturing his audience
a pity about the hangers full of debris in various states of no-go that he has had land in his lap
requiring the hard yards & more difficult decisions with a swarm of Beehive busy-bodies breathing
down his neck along the way as an added bonus or handicap for the top seat ;)
I reckon start a new Airline (call it say STA) with all the bods here on board as stakeholders may be more successful ;)
Lets face it - we have a Captain, Crew, able navigators, all the support crew & yonks of past experience in every
possible direction that could be wished for .. how could it not fly well & be a winner ? ;)
Send our flash Bird around the country and sell tickets for letting the punters explore it .. no offshore jaunts needed
Let's face it AIR is likely be chugging along on one wing with all engines missing a beat here & there
crippled by Political, Union, Financial & Legacy issues for darned long time into the future .. ;)
.. and that's assuming Govt eventually get around to pulling up the blind even partially some time in the future
after they wake up to some sort of revised reality .. and not crazy dreams of trying to bolt the door
to deflect the nasties away every time the breeze blows in from a suspicious direction .. ;)
Look like 80 cents wont be today..
The SHAZ, that New Zealand's most popular platform should love this stock.
I think a lot of investors love this stock, Waltzing.
It's now at the back end of a multi year business overhaul that is now bearing fruits such as highest profit in a decade and 23% ROE.
I don't now what they are going to do with the $72m cash on the balance sheet but I suspect once Aus/NZ/Canada populations are highly vaccinated and the govts change from lockdowns to 'living with covid' we will be in for a special one off dividend + high annual dividends going forward. FY21 they generated 18.7 cps in free cash flow. And trading at 88 cents...? Almost too good to be true
"Almost too good to be true"
appears to be some profit taking but buy orders increasing daily.
The numbers required a double check on the p/E to believe it.
The best thing is its a liquid stock. One of many key points required to be included in a portfolio.
Many investors and investment companies private and public use key indicators to avoid or mitigate risk.
Someone selling (and people buying), maybe ACC selling some more? Fairly steady wall around $0.87-$0.88 since results were released. Very orderly I must say.
That's clear as mud :p what happens if you back out the $72m CASH on the books :ohmy:
Negative growth priced into this stock. Not so sure about that. Sure revenue hasnt increased over the last 5 years, byt margins have. Profit has. You need to look at the same store sales growth to get an idea of how the core of this business has been performing. And the answer is very strongly.
SP staying steady but not showing the shock sell off on store closures that perhaps it should.. AUS a mess and Auckland stuck in mystery case chase.. sale must be taking a big hit. Certainly hope so!
Sales will be taking a big hit but will be balanced by government wage subsidies and then massive revenge spending once we are out of lockdown.
I'm thinking MHJ will see a record Christmas trading period, absorbing a lot of the cash that isnt spent during lockdowns. The vaccination rates looking good for the Aussies to be released last couple of months of this year.
"The vaccination rates looking good for the Aussies to be released last couple of months of this year."
yes very interesting article on BBC yesterday of studies being done on effectiveness in the UK and looks promising but the really fast moving variants arnt yet wide spread.
might be a case of no one really having enough of these because they arnt yet considered SAFE.
WHS on the move today and considered SAFE.
I see Forsythe Bar have cancelled Michael Hill …no more analyst coverage
One of their analysts has left data below. Before MHJ was Outperform target $1.05. This was after the result.
It was one of many changes..
Sorry data didn't down load.
Coverage transferred to Rohan Koreman-Smit
Skellerup Holdings (SKL.NZ)
Coverage temporarily transferred to Andy Bowley
Kathmandu (KMD.NZ)
Restaurant Brands (RBD.NZ)
Warehouse Group (WHS.NZ)
Coverage transferred to Jamie Foulkes and temporarily added to our Research Insights Series
Delegat Group (DGL.NZ)
New Zealand King Salmon (NZK.NZ)
Sanford (SAN.NZ)
Scales Corporation (SCL.NZ)
Comvita (CVT.NZ; already within Research Insights series)
Coverage discontinued
Briscoe Group (BGP.NZ)
My Food Bag (MFB.NZ)
Michael Hill International (MHJ.NZ)
PGG Wrightson (PGW.NZ)
As a result of these changes our previous ratings and target prices can no longer be relied upon by investors for DGL, NZK, SAN, SCL, BGP, MFB, MHJ and PGW.
Being grouped in with My Food Bag is some feat
And target price of $1.05 ‘can no longer be relied upon by investors’
Its all about their own research and opinion. Jewellery vs Food is no comparison so who cares about MFB on MHJ thread..
W69 just bored and trying to have a crack at MHJ.
If I remember correctly he was the champion of the dog MFB. Climbed into the IPO
luckily most targets are just targets... you know darts thrown at a board...
now what was their ATM targets 12 months ago?
They dont have crystal balls...
and the chart says much higher if the numbers keep going up.
often stocks return to its previous high if the numbers are on the board.
Runs on the score board and the stock price will go up all things being equal.
W(n) may have decided the team is not going to be in to bat at the moment due to the game being a bit on again off again.
But then if level 2 Plus arrives a lot of games are going to be off. But that was to be expected anyway.
the selling continues... .80 please.
the buying continues... .90 please
Record date is Thursday for the 3c AUD dividend.....
yes buyers are turning up... no chance of .80 even with some big sell downs lately.. very undervalued surely and winner has pointed out over on WHS.
Did a chunk trade at 85 cents? Todays low is 86 but VWAP is 85.5?
$1.5m turnover for today. Pretty good for MHJ.
Yep, 1,185,751 shares went through earlier
Seller had to accept 85 cents …no doubt a happy buyer
Buyer was waltzingman as he’s waiting for 80 cents …next week
80 cents if buying in Aussie post the 3 cent divvy. Not going to happen on the NZX. :)
Think the cheap seats might be gone!
would have been good buying at 85c back towards 90 then hopefully on to a buck:t_up:
Victoria coming out of lockdown tomorrow should help trans Tasman retailers.
Well MHJ finished the week at 87 cents after going ex dividend 3 Aussie cents…
The chance for 80cents is long gone and as it turned out was wishful thinking. Constant buying around these levels snapping up any shares on offer. Feel like we are close to a push towards $1.
Happy holder.
if you want to hear a clear thinker and a management professional and leader Rob Fyfe.
Covid-19 Delta outbreak: Govt business adviser Rob Fyfe frustrated over lack of progress - NZ Herald
Nice to know this clear headed leader is helping this company.
Yes we are very lucky shareholders to have Fyfe as chairman of the board. He's a very astute businessman and leader.
Just reading that article... It will be nice to have a National government in again.. people that understand business. I think it is needed right now.
Hanseatic trade is the answer and no amount of singing round the camp fire and canoe padding is going to cut in the high tech future of global trade.
RF know its.
Cant blame them either, with no compensation in Tax credits increase for dividends
fully imputed either. The upwards increase in costs isn't recognised with fiscal drag
& of course Govt win out of this Tax Hike all the way to the bank.
But then certain select sectors always do turn into the runaway wild west, every time
Labour get in to sit down for a while-- check the past history on this ;)
this time is no different from past instances ..
Some things run away, the poorer get a temporary reprieve, before the catch up catches up to
erode all extra in hand, prices run away, values run away upwards as the participants try to
preserve the real value of the sagging fiat currency equivalent in hand .. ;)
What comes round goes round, does it not ? ;)
MHJ are probably a benefactor of this curious process too ..
Farmers like the low dollar, its partly why they vote for the current government now.
Many exporters do better under lab.
I'm sure they will continue to, especially when things like the 39% Top Rate Tax Razor, UTE Tax & other Green Electric
nonsense gets hoisted on them overnight .. ;)
With the extra dollars Labor have artificially created for them there might even be a little left after being shafted
at 39% top Tax rates to sneak into MHJ too ? ;)
Maybe Pascoe's miss out on a higher value sale out of things, but then it doesn't matter so much if the Mrs loses something
out in the garden or in the back paddock ? ;)
Like a power station asset, yes we lost track of those sadly.
Nice handsome divvy just landed in bank a/c, thanks MHJ :t_up:
Big block went through at 88c which may have finally cleared that selling resistance. In my opinion there's a good probability we have seen the end of this monthly consolidation.
Disc: hold.
It's looking good. Winner might finally get his $1 he's been harping on about :p
Big buying could be Waltzingman, got tired of waiting for 80cents so pulled the trigger ;)
Hope we get to a buck soon
MHJ seems to be one of those stocks that fit the old saying ....'Markets can remain irrational longer than you can remain solvent.'
So let's hope but then again hope is not a good strategy - especially so if the market is rationale when it comes to MHJ
"Big buying could be Waltzingman"
No not on this stock it not Blue Chip and doesnt fit the rules for bigger allocations.
Rules are good its when you find good reasons to sell and the stock hits its sweet spot and takes off that you have to stick to the rules no matter what.
You can all see the damage over on After The Melt down stock.
But if you were whatching high yield then a big trigger on ATM was never a good idea as China is not a stable balanced economy and now they are really going to find there model us under big pressure as they now face the same structural issues that ANZ does. Or is it just NZ.
I reckon if HLG report strong online sales for glassons Australia, it will probably be better to buy MHJ than more HLG..