Ouch, that's bit harsh towards MHJ :scared:
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Percy will often pop onto the joyous MHJ thread and throw mud at poor ole MHJ, Last post if I recall was that he didnt think much of master Rob Fyfe.
Perhaps just doesnt like the old MHJ... when they were wasting money in USA expansion, tax issues, declining margins etc.
New MHJ is reborn with better management, better online offering, higher branded sales, making more by selling less etc
Ah well, turnaround stories not for everyone I guess.
LOV has a very good underlying trend line over the last 12 months and an outstanding performance.
Its now an expensive stock and has to keep that performance up.
The companies may be in the same sector but their balance sheets are quite different and i mean VERY.
The ratios are also very different which makes MHJ.
For a cheaper price a Play.
The metrics as they stand for MHJ in relation to SP price good value for money.
RF is an outstanding director to have on any board.
M Hill has excellent taste in music.
All au.$
5 years ago $16,300 would have bought 10,000 MHJ shares @ $1.63 a share.but only 4,836 LOV at $3.37.
Today the MHJ holding is worth $9,600...A loss of 41%
Today the LOV holding is worth $91,738. A gain of 562%
Its different this time....Yeah right...lol
Yes LOV performance is outstanding.
After 7 weeks of Q1 same stores were +17% up
Full quarter same store sales up an impressive 15%
The last 6 weeks of the must have been less than impressive ….things slowing down ....maybe only 13% in last 6 weeks
Working in These types of industries can be very demanding.
Heres a comment from a competitor of MHJ. Might be fake who knows.
"Regional managers are horrible, cried twice because of them, so much pressure out on you to basically pressure customers into buying cheap and easily broken jewellery and to getting piercings."
so no fake or deferred dividends this time huh ? ;)
I think I'll stay put with what the hounds like :)
Happen to remember when MHJ were sub 50 cps & huge div yield at the time
then the balloon went up and an earlier pre Covid storm blew through the door ;)
the rest isn't worthwhile the mention ;)
Numbers are just numbers.
Its a percentage game. If you bought Lov at 4 and you sold at 4nx then you are going to LOVE IT.
it may pull back and move even higher but at 80 its likely to bounce around for a while till the next set of numbers are released.
If MHJ are in profit for all its regions its SP will move higher.
Results are just results.
MHJ has some history.
That is what markets are and its called Risk.
It also pays to have contacts inside industries.
LOV and MHJ are simple different companies. No point in comparing.
LOV is a fashion company. Should compare it to zara or H&M in my opinion.
Cant seriously call it a Jeweller.
LOV has big growth priced in. Miss those targets and it be back to $4. Hit em and percy probably going to turn the $90k into $450k.
Mr P is a legend.
SKL not withstanding.
Yep LOVISA and MHJ are different but are both retailers.
Profit is only profit when you bank it.
I shop H&M in sweden and its a general fashion retailer with terrible cheap glasses. I always bring them back as presents! Usually use their big bags for stuffing gear in big bike wheelie bags.
LOVISA...
Attachment 13096
After 7 weeks they said total sales down 2% with EBIT impact of $5m
Full quarter sales down 10% …I assume EBIT impact a lot more than $5m …..maybe $15m?
I’m starting to get concerned
W69 remember the subsidies thou.
Let’s see what Aussie do coming out of lockdown. Canada bounced back 18-19%
Whole retail sector will surely take a hit.
this stock will attract the SHAZ buyer and thats what you want.
They will BUY AIR and they will buy MHJ.
Think of yourself as their wholesaler and you will sell to them when the news is really good.
Or you will dump if it all goes tits up.
A lot of retail stock patterns oscillate.
MHJ is or was a distressed assets.
Retail can be very cyclical.
Yeah forgot those
F21 sales went up 64m (the great pent up demand story) but they still collected 20m odd in wage subsidies and rent relief
Some would say instead of making 45m ‘look through’ profit was only 30m
That would put them on a PE of 13 …maybe that’s how market thinks …market switched on eh.
Never mind all that …they tell a great story with big %age increases mentioned and use all the right words (often) …..and the chart is looking good ……so no worries as 130 share price by Christmas