I'm seeing potentially 40 million a year profit, 10c/share and 8c dividend. Agree?
Only done a quick study.
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I might need to re look at my model, when looking at previous years results it does depend on what you add back. All the past store closures and resulting impairments.. i added back $8m last year for example. No store closures this year, maybe..
Anyways, I'm potentially seeing a FY21; $31m NPAT, 8c eps, 7 cent dividend (9% gross yield). P/E 9.9. DCF comes out at $1.03 for me.
Management are hitting their cost saving targets with another $5m to be realized They are pivoting to a more modern retailer with an omni-channel customer offering- way ahead of the other jewelry chains. If we see continued margin improvement and continued same store sales growth shareholders are going to be receiving some impressive dividends in the years to come. And don't forget the super strong balance sheet.
I'm a happy holder. Average buy in is low 40cents so easier for me I guess.
Yea I'm mid 40's, been buying in the way up.
Appreciate your comments.
I completely forgot about the dividend paid today :).
Yes buy something nice. Like some more MHJ shares :)
Good bounce off the weekly 12ema which has been acting as support. Looks like the larger money is back buying on market. Expecting potential for 10% dividends at current price.
The cats out of the bag, share price up 6.8% today.
Results out in 2 days.
It seems a lot of excitement before the results. Hopefully is something promising.
Hopefully Wednesday morning we see a $30m+ profit
Intentions to return to dividends of what would be ~10% gross at current prices once risk of shutdowns is over.
Figures do not make sense to me.
Operating revenue ie sales $319,884
Employee benefits $80,562 ...25.18% of sales..I would think they should be approx 15%
Occupancy costs $11,374 or just 3.55%.I would think they also should be about 15%plus of revenue.