MHJ probably sit in the $1 to $1.10 range until half year results i guess.
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MHJ probably sit in the $1 to $1.10 range until half year results i guess.
Yes sadly you might be right and it wont see much LOV till then...:mad ;:
you never know ... 90 cents?
"1.09"
No No No. terrible stock turn on this stock.
Lov has lifted off! Exactly they are in completely different segments of the market according to the designer we conferenced and are not even remotely similar. The product sources and manufacture are completely opposite models and cater for a different demographic. If Telsa was LOV it would be recalling product every other day.
MHJ has a hill to climb to get to 1.90...
stand by the .90... back up the EV scooter.
we only need one terrible report should do it.
Oh looks like AUS opened up and actually held the Cup and then lost it to NZ...
hmmm well you never know what nature will throw at AUS...shutting down the entire country in a HUGE dust storm for months at a time.
or if we are lucky it will be something like Exodus 9:23.
Biblical stuff.
Moses stretched out his staff toward the sky, and the Lord sent thunder and hail, and fire ran down to the earth. And the Lord rained hail on the land of Egypt.
That should do it..
Ah NOOO! 1.10!!!!
Just not enough of this sparkling gem of a stock.
A buy at .90 W(n).
better look back and see if the software did anything back then at sub .90.
Phew looks like the software did its job after all...
Gin and Tonic soon after hill climbing...wash down the lactic acid from the red zone training band.
certainly a retailer with some customer numbers building back up and no supply problems unlike the building industry.
Customers seem reasonably happy with the product and thats the main thing. Profit before a happy customer is not good.
Customers seem reasonably happy with the product and thats the main thing. Profit before a happy customer is not good.[/QUOTE]
Without profit there are no customers as businesses will go broke. Customers will pay what they are happy to pay about the item selected. They don't think of profit.
"Without profit there are no customers as businesses will go broke"
taken for granted.. ripping off the customer is not good perhaps what should have been stated..
From a poster on HC..
***
Bullish comment today by Spheria in the AFR.
(Spheria is one of the main shareholders).
Main reasons given by the fund manager :
- turnaround by new management,
- massive discount to its peers,
- store footprint mature, but well placed to expand the digital business (+ 50 % last year),
- plenty of upside in store operating metrics,
- "company currently trading on only 4 times pre-tax earnings".
***
YTD return 50.68% Best performing retail stock on the nzx this year.
No1 holding for me. Really saved my portfolio returns this year after hopeless PX1 destroyed some of my capital.
People should also take heart from retail Master Rod Duke comments this morning. If he says retail spend will be higher than last year it probably will be.. wow imagine if MHJ do more than last year! Could do $46-48m in profits, OMG this is cheap!
This spring enthusiasm from investors is what markets love to hear.
Last week Master Beagle said on the WHS thread that he didnt like WHS and preferred another NZX retail stock with international store footprint.
It was a big tip from a seasoned investor. He clearly meant MHJ!!! :t_up:
Load up boys and girls its not too late. Fair value $1.50.
50% gain still sitting on the table
Well one wonders if this RAW determination to shop and enjoy the summer will pervade the character of the country.
MJH is a bit of a speculative outlier but may yet BUILD BACK BETTER than before.
Cartier pretty confident in the future ....spending zillions on a posh new store in sydney
Maybe not MHJ customers but a sign of confidence
Early price match suggests indicative opening of A$ 1.12 on ASX. Price on NZX currently at NZ $1.12.
113! 113 ..... better buy on a pull back... that big big pull back ..any day....what is the market thinking..:mad ;:
This stock is getting above itself..
Anymore increases and holders will start feeling bullish..:eek2:
what a melt up !!! 114!!
Q the LICRA
glad man on the SKY Broad Band ADD..
grabs the microphone and sing something..what a star ..
https://www.youtube.com/watch?v=izOdvBmTDh0
Courtesy of HC, another fund manager has bullish case for MHJ as per snippet below:
***
Looking to MHJ’s earnings power, we see MHJ starting to pick up up tailwinds on the back of a great FY21 result. They recently gave an FY22 Q1 update which saw same store sales up 15.5%, up from the corresponding quarter last year. Margins continue to rise on the back of their digital expansion and their additional omni-channel offerings - including Ship-from-store, Click & Reserve and Virtual Selling - all of which are higher margin channels. MHJ lost over 10,000 total trading days in FY21 and, while they lost 7,400 days in the September quarter heading out of lockdowns and into the Christmas spending season in Australia and New Zealand, they should see a surge in spending for retail across the board which should drive MHJ’s sales. There is a lot of pent up demand for consumer spending and we have already seen how it positively affected sales in Canada upon reopening. Management recently noting that “our Canadian business has been flying, delivering impressive sales and margin growth every week.” The play here isn’t like most retail store strategies, which is typically to open up new stores and expand their physical presence. The strategy here is to increase digital sales through marketplaces like The Iconic, thus driving margins and opening up their products to new customers. MHJ has also done a terrific job at growing their loyalty program to over 800k members in less than eighteen months; this will be essential to leverage their digital capabilities.
If MHJ sees the demand that we expect upon reopening and heading into Christmas, they should see $50m+ NPAT for FY22 which will put them at less than 8x earnings. All while paying a cool 4.5% dividend yield. If MHJ were to rerate to 10x FY22 earnings then this would put them at a share price of around $1.30.
MHJ is one of our favourite stocks to take advantage of the reopening theme
(source : Tamim Asset Management)
***
$1.30 aussie. $1.35sp nzd.
$50m +NPAT omg wouldnt that be amazing!
Nice to see the market finally waking up to this great turnaround story. A story that this thread was discussing back when the SP was $0.50cents. Shows the small retail investor can get in and make a buck. Maybe now that fund managers are getting in its time to get out :mellow: look for the next unloved stock. I reckon HMY is it. No way. This still has legs to run!
10 p/e could be fair right now but really doesnt price in the online opportunity for this iconic brand. Depending on how this digital expansion goes and coupled with consistent earnings growth per annum we will see a continued re-rate over the years ahead. BGP trades on 15-16 P/E because of consistent earnings growth.
4.5% dividend yield. Could be double that. What is MHJ going to do with all the cash? Cant keep hoarding it in the bank.
Another good start to the day!! **insert rocket emoji**
Be $1.20 by the end of the week :eek2:
What a run
OMG it just hit $1.20, but has since pulled back.
What is going on? Where is Waltzingman? lol
Waltzingman's gone back to bed.
No No its almost a big pull back for another buy...
sunny day testing carbon fibre looms on central north island lake. A dutch girl said "All you swedes look alike". What a complement since im Born NZ half Irish / English.
what a DAY! Get out there people!
Waiting on a Trek that has taken 4 weeks for big repair. Lucky we had a spare carbon big 9 wheeled light weight mountain bike for on off road, (fast off road bike).
Sports equipment from europe is now very expensive.
Need a lot more of this sparkling gem of a stock.
No chance ...
Nice one Waltzingman!
" fearless retail shoppers"
https://www.stuff.co.nz/business/126...pers-retail-nz
missed the momentary 115...to busy adjusting the sun roof on the merc while travelling the autoban to Hamiville.
and finding the sun block as the whole roof is glass.
gotta be another pull back soon the graph is well above the moving averages.
Still on a tear.....$1.23
Its enough to drink you to a hot chocolate in ..despair..
1.10 ... 1.10... 1.10 ... pavlovs dog.. 1.10...
Houston, we have a problem! Seems the rocket ship has lost power to the boosters :scared:
needs to consolidate at 1.10... Pavlovs dog...
1.10... 1.10... 1.10
wet central north island day... History channel a nice MHJ Advert.... sparkling gems on TV alongside ARTs Channel... there you go .
JobKeeper in OZ …..I note in this notice that MHJ said NO to whether they had made any voluntary contributions to the Commonwealth
Good for shareholders ….probably made on the deal
http://nzx-prod-s7fsd7f98s.s3-websit...804/359184.pdf
Lovely adverts on Rialto..
I certainly do.
I would point out I am disgusted at the number of very profitable Australian companies I own shares in,who have claimed huge amounts of Jobkeeper payments,and then pay increased dividends..
All very legal,but in my opinion immoral.
Pleasing seeing the ASX making companies declare them.
LOV claimed $18mil compared to MHJ's $23.5 mil.
I think W69 and Percy are right but havnt a clue how much the number is. Time will tell i guess
SP still strong bang on $1.20. What a run it has had.
I must admit I have sold a few MHJ last week. It was my largest holding for a long time but now is a more comfortable 10% of my portfolio. I guess nobody should have MHJ as their top stock position apart from the Hill family. But heck, it was severally undervalued for so long, hard not to. Now trading on better metrics so time to take some bags off the table.
I personally still believe in this turnaround story and am looking forward to half year result and the announcement of the new online sales avenue. Hence the healthy 10% position down from over 30%.
Margins still have 100bp to run to get back to historic levels.
Over the last 3 years branded sales have increased from 32% to 42% and digital sales $16m to $34m.
Revenue per store increased from $1.86m to $1.95m.
Cash from -$24m to $72m
Profit from $16m to $45m
What a company.
Cultured Man Sir MH.
very Nice adverts.
What goes up must come down... 1.10... BUY..
well the software did buy at .90 lucky....
but ... more of a good thing and those Adverts on Rialto were great!!
Waltz, you're almost as reptitive of Michael himself.....
Michael Hill.....Jeweller
Gold Gold Silver Silver Chain Chain Sale Sale
Michael Hill Jeweller: ‘Embarrassing’ ad behind $563m jewellery empire | news.com.au — Australia’s leading news site
Oh dear!!!
well the ADD on Rialto wasnt too bad....
I did add to a repetitive statement above the addendum "pavlov's Dog"... No insult to beagles and they never stay in one place long enough to repeat themselves...
as the price goes skyward the price changes on the statement line.. or down as the case may be.
Who's buying ... insider info....
There arnt even any new adds with that slick salesmen ... wonder what jewellery people over 60 buy?
Ill have to ask the most elegant of pro dancers over 60...someone did say there was some work done though... lifts and tucks..
Stronger today, moving close to 1.30s mark
be interesting to know the demographic that whatch's Rialto channel on sky and why they placed advert there...
Pre-open suggests and indicative open at A$1.20, looks like another strong day in the offing.
Having a look at the YTD performances of the NZX listed retailers and MHJ is an absolute standout. Completely blown the other retailers out of the water. HLG has been a bit of a flop but maybe next year is their year?
MHJ. 71%
WHS. 43%
BGP. 34%
KMD. 25%
HLG. 5%
...those adds on Rialto could be a driver.
The adverts on Rialto are mystery as it must be targeting a very small market segment. A lot of european films and some in swedish.
Firing all cylinders again today..
Just incredible. The run MHJ has been on. How good
:eek2::t_up:
Well I bought my first retail stock for a very long time yesterday.
Something a bit more practicable than bling,SSG in Oz, Shaver Shop Group.Like their online success.
ONLINE SALES REPRESENT 28.6% OF TOTAL SALES
Website Visitation
Online sales have grown 54.7% per annum (on average) since FY17 to reach $61.2m in FY21.
Their agm presentation makes for good reading.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Rob Fyfe just sold $508k of shares at $1.27 per share…
I originally read the announcement incorrectly and posted he bought $500k, got giddy and posted. Realised i was wrong and wuickly changed it to “sold” - twat moment.
https://stocknessmonster.com/announc...hj.nzx-359362/
Paid 38.5 cps...Sold $1.27 cps ...Gross profit $442,500 on cost price of $192,500.
Clever.About $7,000 pw he owned the shares for.
Some air hopefully coming out of the balloon ... filling in the Gap up... Dip to 1.12?
What a Market....Europe next for a slamming ... Maybe even Russia..
Price is right....
Its a Turkey Shoot...
https://www.youtube.com/watch?v=z9EBemu3T5o
Take Some....