A Private trading company i hold shares in Bought. Not me personally. Personally i bought at .90 some time ago.
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A Private trading company i hold shares in Bought. Not me personally. Personally i bought at .90 some time ago.
And when Waltz says he bought at .90 some time ago, he doesnt mean Oct 2021... I think he means Oct 2018 right before it trended all the way down to 20cent :ohmy:
Looking forward to that half year result announcement. I bet it will be a biggie.
"Oct 2018 " was mountain biking in the snows of sweden at the time i think...
No at that point i think one of portfolios had HLG as in fact one portfolio first owned HLG back well before the GFC.
MHJ is a recent buy, really not even serious until .90 showed the possibility of an O Neil upward trend...
Some time ago ... few months...
Ages ago a few years...Cant remember unless viewed in the databases pre Convid...
Yonks , pre GFC.
MHJ has really been just a bit of fun... add a bit of a gamble into the mix...
108! its either a wonderful trading stock or an investment stock... take your pick...
Retail stocks may be past their best trading days but nobody can deny MHJ is still cheap. Trading on a 9.44 P/E historical. Even if they turn in 41m npat next year its a forward p/e of 10.40. Lots of cash in the bank and we'll see at least 8 cents in dividends each year.
Thought they would have announced the foray into a 4th market (digitally) by now. Maybe early next year.
Pretty solid hold imo. Could be surprised with higher profit, maybe do another $45m since MHJ keep the subsidies.
"Hope you got hit at $1.08 "
looking at something lower!!! as all NZ portfolios currently have some... Not overweight. Would load up if for some reasons markets sold off... a quick war in the Donbas should do it Putin losses his mind...
or unvaccinated zombie's took over parliament...
China decided to invade India....
anything else? The Palestinians raise the dead and walk across GAZA climbing the concert walls and all get shot by IRON DOME.
Jacinda admits they all whatch every episode of Cathine the Great and have decided that a planned Bolshevick revolution lead by Maori activists is the only solution after there TIK TOK government fails farther in the poles.
This crashes the stock market for a whole afternoon until KFC, Mack's and Piz Hut run the biggest ever discounts on december the 15th nation wide.
The activist's all throw down their placards and decide the prices are to good to miss.
Resulting in the most profitable day ever for fast food in NZ.
oh no the market is believing the story... its staying up again...
Fan club... what an investment... unbelievable ...
boom...over 1.20..again!!
https://www.youtube.com/watch?v=sfCLt0kTd5E
Percy put this on the Lovista thread - same could be said about Michael Hill couldn't it? ... except for the 'creating great excitment in store' bit
From Livewire's Jun Bel Llu.:.
I would call it a big year next year, it's because it's got a new CEO. And also, its earnings are going through a transition - a transition as in this business was impacted significantly by COVID-19. All the shops were shut, even though you can buy trinkets online, but Lovisa's is very much tailored towards events. There were no weddings, no events, pretty much.
In 2022, when the world reopens, this company will have very, very strong earnings. In the first quarter of the year, they have already said that the first 20 weeks of the year, it will be doing over 25%, like for like. And over 40% total sales growth. That's just an incredible amount of growth. With the new CEO, he's brought with him very significant experience across Emerging Asia, China and India.
So, we think there'll be a lot of focus on those markets and that will continue to grow. The company has such a unique business model and it creates such excitement within its store. It really brings customers to itself. If it can replicate that around the world, their addressable market's enormous. So, Lovisa is the one that I think will do great in 2022.
both retailers, but from a purely investor point of view one has a global model that works in every country. One is more likely to shift its market listing to a bigger exchange one day where as MHJ wont.
One is a more cultured company with a completely different market demographic and not perhaps suited to every market across the globe.
Looks like positive trading update.
29 December 2021
Michael Hill International Limited (ASX/NZX: MHJ) today provides an update following the key Christmas trading period
and an early indication of performance for the half year ended 26 December 2021.
Having successfully navigated extended periods of closures from July to November across Australia and New Zealand,
the Company was delighted to have all stores open globally for the critical Christmas trading period. Even with the
uncertain trading conditions stemming from the Delta and more recent Omicron COVID variant, Michael Hill delivered
both sales growth and sustained margin expansion throughout November and December. Following this strong
performance, the Company now believes it will deliver a first half year result well above the prior year FY21H1
comparable EBIT result of $44.6m1
.
Release Dates
The Company anticipates it will release the usual market announcements as set out below:
Announcement Release Date
FY22 Second Quarter Trading Update Friday 14 January 2022
FY22H1 Financial Results Wednesday 23 February 2022
29.1m in H119 to 31.6m H120 to 44.6m in H121 to more than 44.6m in H122 is pretty good …not staggering though
What is Comparable EBIT ……do they leave a few nasty things out or something
Go MHJ …..so rawz can retire earlier than anticipated
It's staggering when the store count went from 306 (2019) to 290 (2020) to 285 (2021).
Earning more with less is always good.
I reckon $42m HF npat.
$50m FY22 npat.
Forward p/e 9.85 based on todays $1.29. Or has it already gone over $1.30? :eek2:
Where is waltzingman?
Winner also the context to remember is we were half expecting a pull back in sales like HLG. You know- a reversion to the mean type thing.
This is a big upgrade in my mind and expect to see $1.50 sp soon enough
Just have a look at the chart. The MAs a very strong line up.
Gee even Beagle might be getting interested after this update
what happened? oh dear should have sold everything when the market was up and put it all on Diamond...
gosh.... gosh...
what will the rest of the retailers have for the market come April...
could it really be an Indian summer.
could HLG get a lift from no lock downs in AUS going forward?
its an edge of your deck chair summer!
its as exciting as whatching the black cap's playing India! Who are they playing anyway?
"Phillips Curve "
obviously something more powerful going on here than a silly water machine that doesnt really work....
.. it was obvious wasnt it... obvious... :eek2:
Jewellers have been a beneficiary of Covid - substitution spending due to restricted entertainment and travel options. The elevated sales and margins will no doubt pare back when we get to something closer to an old normal but this likely has a couple more years to play out.
The interesting thing for me is that MHJ normally operate with around $5-10m cash and $35m Debt at year end vs $72m Cash and no debt at last balance date. So they are operating with around $100m in surplus capital or almost 26 cents per share. A stronger half year would further augment this. Caution and first lock down near death experiences no doubt prompt this liquidity conservatism but suspect a combination of higher dividends, capital returns, buy backs or acquisitions in MHJs future.