SP stuffed now. Big downtrend. Company struggling in climate (like all retailers). Wonder how low it will go
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SP stuffed now. Big downtrend. Company struggling in climate (like all retailers). Wonder how low it will go
Asked myself whether MHJ have ever been good …ever lived up to the hype they churn out.
Performance wise over the last 10 years answer is NO
Share price wise only 2020 through 2021 ……when you made a killing ……well done, even if it was luck
You going to havecanother go? Hoping the market will get excited força year or so before the inevitable let down.
They did alright recently with their covid windfalls. Made lots of cash.. bought some shares back, paid some divs, bought a business even.
They didnt completely pi$$ it into the wind like say WHS did with the market and T7 blowing up.
MHJ will always be on the watch list for another lucky 2020-2021 period. No doubt it will come around again. MHJ been in business coming up 40 years. Just need to be patient and watch
Retail is a tough business. How often do you hear about these big brand names going into liquidation? Usually because they dont pivot to the new trends. online, click and collect, virtual shopping etc.
Like when Blockbuster had serious competition from netflix it diudnt pivot it instead tried to defend its current model by selling candy in their stores....
MHJ to their credit have shrunk their brick and mortar store footprint and expanded their online business.
Additionally they opened up new brands like Medley to get their share of the fake jewelry sector.
MHJ been around awhile like i say and i feel like they will survive and punters will get the chance to make heaps of money again on this cyclical
Remember the Deferred dividend payment episode out of this mob ? ;)
This stock will probably always be a trade ... you need some fun stocks in a market...
"For the first seven weeks of FY24H2, Group sales(including Bevilles) are up 9.5% on prior year, with theMichael Hill Australia retail business driving theimprovement in performance against FY24H1:• Australian segment sales (including Bevilles) +19.6%• New Zealand segment sales -9.2%• Canadian segment sales -0.9%• External transactional sales data demonstrates that boththe Group and the Michael Hill brand continue to takemarket share"
looks like Rob F has taken the oppo to go around with a knife and get ride the of middle management and the dead wood....
move out of the new building and move into a warehouse...
NZ -9.2 ....
Nice concept store ... but think that to cut costs the team moves into a loft....
Attachment 14974
Back to 50-60c levels soon ? :)
On most recent Div & Performances announcements those sort of levels must be within reach again
They certainly got smashed by the "Temp inflation" ...
be very interesting to see the next half year result....
You dont often get such a trading oppo... cheap share that bounces about ....
Love the new store look but Rob will need to take the knife to the operation and get those expenses under control...
Looks like someone got into the office and cleaned out some desks....
sometimes a smashing is an opportunity for some chairs to be put away....
Rob F wont want to be sitting on a smashing ..
Gold hasnt doubled...
NZ result is a shocker and really what does it say about the country...
Maybe they should shut more stores in NZ and concentrate on AUS...
They also need to get that balance sheet under control...
Could be 2026 before you see the results of the AUS economy. NZ is a FRAGILE economy according to LUX ON ...
MH should take the knife to NZ ..
Great short term trade oppo when and if inflation and gold swings in there favour.
Notice the long term Gold chart... it isnt down.
In the past year MHJ's share price has gone from $1.14 down to 73 cents.ie a drop of 36%.
However at the cheap end of The Malls LOV's share price has increased 33.33% from $24.00 to $32.00.
Yes LOV has out performed .. and says the knife needs to come out as this should be shock to the board...
lets hope so as NZX needs every stock it can get to do something profitable business...
else its just join the AUSSI dollar and take up the offer in the AUS constitution if its still here... section 6...
Attachment 14975
Sometime a good smashing is healthy. dont see that store as being anything but a one off...
NZ is a wild west country now ... gate up... get your security camera and check your security firm isnt run by criminals....
AUS could be where MHJ goes and might as well delist from NZ...
They seem to be an AUS company now... NZ is just a sub branch and probably needs to lose at least 6 stores over time....
If they can hold their own in AUS and Canada then so be it and cut head office to the bone...
WHS is a much bigger problem then this one....
WHS had to many moving parts...
NZ economy is in a Roger D moment but doesnt know it...
Public debt is where its at and WITH ALL THE OFF BALANCE SHEET debt does anyone know what it is..
No more Silvermoon..gone broke
https://www.nzherald.co.nz/business/...PAXJWPAEOWKTE/
68 cents wow. last time i bought at these levels i did very well. However I dont think buying now is a very good idea....
No way did these guys just announce a big downgrade at 5:20pm on a Friday, and only on the ASX...
https://cdn-api.markitdigital.com/ap...8088-2A1523942
Yeah, just seems dodgy to release a negative announcement in this manner.
Hoping all us gullible shareholders are down at the pub spending our last dividend.