Errors like this pop up way too frequently with NZX reports, how do these things not get seen by presumably the multiple senior executives that would be reading this document before it gets posted. I guess the answer is obvious.
Printable View
Bracken doing better than shareholders ….and heaps more to come
http://nzx-prod-s7fsd7f98s.s3-websit...640/402230.pdf
Another 2m today. With his holding now over 2.8m shares he certainly should be driven to see SP performance.......
http://nzx-prod-s7fsd7f98s.s3-websit...951/402644.pdf
AGM Presos
http://nzx-prod-s7fsd7f98s.s3-websit...639/407162.pdf
"There is no doubt that retail conditions have continued to be very challenging in all markets, as the groupcycles record Q1 sales in the prior year.
For the first nineteen weeks of FY24, Group sales (including Bevilles) are up 2% on prior year, and up 26%on FY22. For the core Michael Hill brand, sales have continued the recent trend and are down on the recordstart to FY23, however are up 13% on FY22 and up 15% on pre-pandemic trade in FY19.
Group gross margin has continued to be under pressure, with sustained elevated diamond and gold pricingand dampened consumer confidence due to economic challenges, leading to greater promotional activityacross all retail categories and markets."
I would concur with that. I spoke with Daniel a few days ago. He certainly is charming. I hope as a shareholder that he would be motivated to move the company in the right direction and get the SP up. That said, retail is tough at the moment. Not sure how he is achieving Long term hurdles (to get the shares) with where the SP is tracking.
Summary of first 19 weeks after taking out the glowing bits …….
Group sales (including Bevilles) are up 2% on prior year, …… For the core Michael Hill brand, sales have continued the recent trend and are down on FY23,….and margins remain under pressure
Where is the bottom here?
85 cents too good to be true?
MHJ has always been good to me. Keen buy back in but the chart looks terrible. Jarden says div yield is 11%