Pretty rousing speech by Emma
http://nzx-prod-s7fsd7f98s.s3-websit...708/289088.pdf
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Pretty rousing speech by Emma
http://nzx-prod-s7fsd7f98s.s3-websit...708/289088.pdf
Fell flat with me.
Not convinced at all.
Imagen Rod Duke at Briscoes coming out and saying no more sales,however, we intend to engage more with our customers.Utter drivel.
I was seduced by the aspirational words and ra ra etc and didn’t concentrate on the content / detail
Percy, sounds like they going back to discounting and lots of promotions. From the CEO speech (from sharechat)
"We have now moved to adjust our promotional activity for the balance of the financial year," he said. Hill said that management has implemented a "range of initiatives" to ensure strong performance during the key Christmas trading period.
"We are in the mid-market and are up against strong discounting in all markets," Taylor said. "As such we will continue to have great offers and competitive pricing so our stores can continue to compete on a day to day basis,"
http://www.sharechat.co.nz/article/9...st-of-yearhtml
[QUOTE=winner69;734914]l
Percy, sounds like they going back to discounting and lots of promotions. From the CEO speech (from sharechat)
It is that or die.
And it must be great product at a GENUINE discounted price.
Challenging,in a very tough retail market.
This is some serious insider buying...
https://www.asx.com.au/asxpdf/201811...63bnv9nhhv.pdf
Indeed - not often a director spends $245K to more than triple her holding.
Looking at the MHJ chart, it looks like someone shock the bottle mid Oct before it was opened, but I'm sure Rob knows what he's doing. After all I remember when he was on the Trilogy (Ecoya) board, he got his directors fee paid in shares (mostly between $0.5- $1 ).
Too bad he left the company before we could see when he sold :D
New exec
Suppose being ‘globally relevant’ actually means something in the context of jewellery retailing
http://nzx-prod-s7fsd7f98s.s3-websit...289/293462.pdf
Things looking good (or encouraging) at Michael Hill with good Xmas period sales
http://nzx-prod-s7fsd7f98s.s3-websit...482/293672.pdf
Sp at 81c - 42% increase from low of 57c reached before results announced.
Always right to follow when insiders (directors) buy in volume - especially when you can buy in even cheaper than them!!!!
https://www.nzx.com/announcements/325606
700,000 shares bought at 72c
https://www.asx.com.au/asxpdf/201811...63bnv9nhhv.pdf
363,815 bought at 67c
Nice increase eh.
Now if it can only get back to my average :90c
They used to be a good long term hold until they entered the USA market.
311 stores producing a revenue of $315 mil,or just over $1mil revenue per store.NZ stores are well over $1mil while Canadian stores are well under $1mil per store.That figure reduces when we take off the $9.5mil generated from online sales.On line sales at 3% of total sales have a lot of ground to make up.
Net profit after tax is $19.5mil or $62,700 per store,or $1,200 per store per week.
Still very early days repositioning the brand from discounter to good value store.
Their store fit out is a lot more expensive than Lovisa's which means their pay back time is in years rather than months.
Looking at Lovisa store compared to a Michael Hill store, it is easy to note which is busy and which is not.
So I remain of the opinion LOV is the better company to invest with.LOV has a proven model that works worldwide.
10% company traded?