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