Their performance actually has improved. The Q4 same store sales up 0.1%, reverse the last three quarters downward trend.
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Well, you view everything on MHJ is negative. That's fine. I agree MHJ is not good. But we buy/sell shares for the purpose of making money. At current level of SP, I think the majority of negative matters, if not all, have already been reflected. I don't think there are huge room for SP drop. Buy now and most likely can make profit.
Very negative.
Was very negative on Postie Plus years before they fell over and were brought out of admistration.Shareholders lost everything.
Been very negative on Smiths City for years.
Been negative on MHJ for awhile now.
Sitting on the fence with Briscoes and Hallensteins.
Never liked KMD's business model.
Still like Lovisa,but currently am avoiding retail ,building, and retirement sectors.
Live in hope my Turners will turn around.
Buy MHJ now ?...No.
ps If you search Sharetrader threads you will see my posts on retail stocks.Every year or so a guy used to post a new thread."The King buys Postie."No sure which one you will find,but they all ended in sadness.
This has to be very good news for MHJ. Same store sales up 11.9% per previous quarter. and positive sales across the board with Canada up 16%.
http://nzx-prod-s7fsd7f98s.s3-websit...456/309533.pdf
Canada is proving the be very successful.
The 40 year promotion has been very successful too.
However,margin compression continues,as does competition.
Also I take it as a warning,[sensible] .;"Negotiations of existing leases,renewals and refurbishments remain a key priority for the business."
I feel this year's Christmas trading will be the test of whether MHI will survive, or manage to put the fizz back into the bottle.