Hope margins holding up and expenses under tight control or else profits could be down big time
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Hope margins holding up and expenses under tight control or else profits could be down big time
How/why does that only get released to the asx…
Canada must be pumping based on that
Beville is going to be the growth engine for MHJ over the next 5 years. All funded via cashflows from the mature MHJ business and new fancy finance facility with ANZ and HSBC.
Meanwhile us shareholders can sit back and collect the dividends and take comfort that this is trading single digit price earnings multiple.
Its a nice hold.
Also remember the earnout agreement requires MHJ share price to be over $1.80 or $2 was it? so MHJ guru management team clearly have SP capital gains in their minds.
Rawz, interesting how the years sales have been tracking
After 16 weeks +27.5%
After 27 weeks +11.7%
After 47 weeks +5.5%
Maybe full year a small +ve ….better than -ve eh
Canada must be pumping you say …..how do you think that when Canada sales in 1st half were ‘flat’
C need to wait until July for next update ….could be interesting.
Yes its trending down like a lot of other companies.
I misread that announcement last night. I thought I read Aus/NZ way down but group up so I figured Canada saved the day.
Could get the chance to buy into the future growth cheaply on short term SP weakness before year end. See what happens.
Sort of headlines we like to see eh Rawz ..inbBusinessDesk
Michael Hill bucks Aussie retail downturn
Morningstar has big rave about Lovisa
Double it’s footprint by 2030 they reckon
Just as well not really a competitor for mhj
https://www.morningstar.com.au/insig...tprint-by-2030
Those a rookie numbers W69.
MHJ plan to increase Bevilles footprint by 200% to 285% by 2028.
26 stores to 80-100 stores.
Must be something wrong with NZX feed ……..MHJ seems to have closed below a buck …..even hit 96 cents intraday
Unless purchasing power improve, there will be less demand for non-essential items in the short-run. I expect some sort of turnaround when inflation(high asset prices) fall along with cost of doing business.
In the dividend we trust
Down another 3 cents on Friday to close at 96 cents
Hope not the start of a long slide down to 70/80 cents
If they can’t hold the DPS (noting less shares around these days) can’t fall too far surely.
Nothing to worry much about dropping in cents as long as they are going concern.
Share price chart looking a bit like how sales are going ….declining
Guy on other site has interesting chart …says A$0.635 a possibility