Rawz me ol’ mate - did you write that for DMX
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Rawz me ol’ mate - did you write that for DMX
At least the share price has stopped falling ……and probably won’t go sub $1
Hope the buy back resumes after next weeks announcement …..something needs to get share price moving
Good buying at these levels.
People saying other cyclicals like TRA and FBU are cheap… wow they need to look at MHJ
Hope MHJ result as good as Lovisa one
Here’s a guy review of Lovisa result
https://arichlife.com.au/lovisa-asx-...soars-over-30/
MHJ trading on a 18% free cash flow yield :t_up:
OKish result
Best part - On the basis that retail trading conditions do not materially deteriorate, it is anticipated the Company’s full year comparable EBIT will be ahead of prior year.
A good read as usual from the MHJ writers .....they do love to to ad colour and sparkle to the numbers
Rawz - plese dial in to call and bring us up to date to the real guts of what's going on
http://nzx-prod-s7fsd7f98s.s3-websit...369/389475.pdf
Taking into consideration the Company’s performance and strength of the balance sheet, the Board has decided to declare an increased interim dividend of AU4.0 cents per share (FY22H1: AU3.5cps), unfranked, fully imputed with conduit foreign income.
The record date for the dividend will be Friday 10 March 2023 with payment on Friday 24 March 2023.
In addition to the above, the Company retains sufficient balance sheet strength and cash reserves for deployment into new earnings accretive growth initiatives. These cash reserves and an undrawn debt facility reaffirm the Company’s ability to pursue acquisition opportunities in the fine jewellery sector in our existing markets, which meet our strategic and investment criteria.
The on-market share buy-back commenced during the half, with the Company acquiring 8.6m shares at a cost of $10.2m, representing 2.2% of share capital.
The Board retains the discretion to resume buy-back activity.
MHJ have been generating very strong free cashflows.. with these they are giving some back to us shareholders via increasing dividends and buybacks, reinvesting into the business and looking for acquisitions.
$78M cash in the bank. Strong management that, in my opinion.. are good capital allocators and defenders of company funds.. I think if there is to be an acquisition it will be good for the business and eps accretive
This little Medley play- could be good one day too.
anyways happy holder and cant dial in unfortunately as its close to eom and deals need to be done
Greetings chaps/chappettes.
Still banging out the cash at a ridiculously low single digit earnings multiple! Even more so on an ex-cash basis!
Curious though that they managed to surge revenue by 11%, maintain gross margin, and yet had relatively flat net income. A lot of below the line increases unmentioned in the letter:
Attachment 14485
Employee benefits expense: up from $75.3m -> $88.5m
Marketing costs: up from $23.4m -> $28.5m
Selling expenses: up from $9.3m -> $11.7m
All rising much more than the pace of revenue increase during the half.
Hey LEK, GOOD TO SEE YOU BACK
same as HLG. Sales up but expenses up more
Happy to keep collecting those juicy divvys as they continue bulge..especially being paid out in AUD.
NPBT up $2.2m on pcp
Aust NPBT increased but declined in NZ and Canada - Canada $6.5m less than pcp
Interesting the brreakdown of where the small increase in profit came from - below
Reported numbers - not this comparable crap
When you guys rave on about MHJ cash flows I have to double check what I see
I see over the last 12 months (last two half years) a negative free cash flow ...ie cash burn
Even the H123 FCF of $8.9m isn't that flash
However let them slowly continue to give that mountain of cash back to shareholders ...but if things continue as they have of late it might be a different ball game in a year or so
This is how I see NHJ Free Cash Flows - wasn't H121 a bonanza?
Share price on fire today
Hope it gets to 140/150 soon
Chep az
Ram raids hurting the bottom line:
"Bracken said providing extra security for its Auckland retailers, which were impacted by multiple robberies and ram raids, had hurt profitability.
Its New Zealand pre-tax profit fell 8.2% to $17.1m, while revenue rose 13.8% to a record $76.3m. The company has adjusted the figures so they cover a comparable 26-week period.
“Given the uplift in the security incidents experienced by Auckland retailers through the half, additional investment in security was required to protect our team and stores, which had a direct impact on earnings,” Bracken said.
Im not sure if im being dumb here or if i need to add more financial jiggery in....
W69 says FCF was $8.9m....
but I calculate FCF for the half year as:
cash from operating activities $47,590k
less capex $16,895k
FCF= $30,695k ($30.7m)
??
You need to account for rent payments …in Finance Cashflows. Rent a real day to day thing that consumes a lot of cash eh and just because accounting standards changed doesn’t mean it goes away.
Maybe should call my FCF something like Adjusted Normalised Comparable Free Cash Flows …but the trend is still the same.