Nearly back to where they were 5 years ago. Some people may be impressed by that, I'm certainly not.
Suppose holders will tell me this time its different and we're not at a peak of shiny stuff consumption...hmmm, I'm deeply skeptical.
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Nearly back to where they were 5 years ago. Some people may be impressed by that, I'm certainly not.
Suppose holders will tell me this time its different and we're not at a peak of shiny stuff consumption...hmmm, I'm deeply skeptical.
Yes it been a good short term speculative investment. Long term holders will have been anything but happy. HLG has also had cyclical swings which has been wonderful for trading but has been a far more consistent performer!
This stock never fitted some investor's rules.
The funny thing is Beagle, MHJ aren’t even selling much more than they have historically. They are selling much more on a per store basis but as a total sum of jewelry out the gate it is within cooey of previous years bar 2020.
Margins have expanded heaps thanks to a sharp online offering and reposition away from heavy discounting, but again- MHJ are not even hitting peak GP margins previously experienced.
So not sure about frivolous spending, maybe this is just normal?
COVID subsidies could be swinging the numbers but I checked nz wage subsidy (didn’t bother try checking Aus or Canada) and MHJ have claimed less this FY compared to last. And this half year is going to be “well above” last, so even the govt subsidy boosting profits argument is starting the fall away.
SB9 says 2 bucks within a few months… hard to argue against that when it’s trading on such low multiples right now
Its certainly been a great performance by a focused team and having a good team at the helm seems to have steadied the boat. Also having a good culture is important when supporting your sales team in the stores. The marketing on channels over the xmas period was also carefully crafted at a more educated market and not street.
Omi comin Homie to a town and country near you will cause short term disruptions and local forced venue closures like in NSW.
Another 6 to 12 months of business disruptions is on the cards.
Hey rawz ….taking some profits on EBO as share price heads to 60 bucks….but nothing wrong with taking profits
Not going to do the same MHJ are you.? Or EBO profits going into MHJ?
To be honest I don't understand the drivers behind consumer behavior in regard to jewelry, (for me a decent watch is all you ever need and that's maybe a once in 20-30 year purchase), so what would I know about jewelry stores lol... but I do suspect there are a lot of people buying as a way to make themselves feel better. Its been brutally tough in the Auckland region. I think if I was a holder, I'd be watching the chart very very carefully and when the worm starts to turn...
Jewellery is an extension of the ART world. Some of the most extravagant of course be the worlds elite putting wealth into Jewellery as a store of wealth.
There is a way of passing wealth from one generation to another. It never going to stop and its a been going on since man hung a tiger tooth from his neck...
https://artincontext.org/celtic-art/
The dog understands Art...especially this sort of Art https://ivanclarkeartist.com/
Visited there last time I was in Queenstown with Couta1. Turns out one of my cousins is the manager there and I didn't even know it lol
Coutts bought some pieces quite a few years ago and I think from memory he's done extremely well out of it. Well worth a visit if you're in Queenstown.
https://hellogiggles.com/fashion/pri...ably-stun-you/
No store of wealth here.
More likely a destroyer of wealth....lol.
And what a collection ... 3 Bow wow's in a Boat!
Classic....:t_up:
Michael Hill jewellery as a store of wealth ….hmmm
Got wifes jewellery valued last year for insurance purposes.
Jeweller said ‘wow, a Van Cleef & Arpels necklace. That’s a magnificent piece’ and then he drooled over a Van Cleef Arpels gold bracelet with some diamonds in it -never seen one of those before.
Went through the other stuff ….she has a lot accumulated from around the world ….and then came to gold pendant with a stone in it …..’oh Michael Hill ….only worth what the gold content and a bit for the stone ..prob less than what you paid for it’
Insurance premium went through the roof
Bought a Gold and green stone pendant last week for the other waltzer, but from a german dealer of antiques... custom local designer..
you never know in a hundred years time it might be like 1950's NZ kitchen pottery..but unlikely..
Not buying the jewellery, just buying the business that sells the jewellery! Have to believe in their business and model - plenty of punters out there like a bit of bling and buy something semi-regularly, so MGJ fits the bill.
Hopefully you have a few MHJ Winner, and out of the profit can get Mrs Winner some more of the good stuff!!
if it pops down sub 1.30 its a buy... the result sounds fantostic...slim chance...
Shiny things...I've had a few but you'd struggle to beat the wealth destruction of a high end Bentley
Interesting lesson in residual values here Brand New $595K https://www.trademe.co.nz/a/motors/c...5?bof=WvknSnnb
and 4 years later if you use it very sparingly and maintain it impeccably it has a retail value of just $195K, (which means about $150K in your hand to trade it in if you're really lucky, more likely about $120K).
https://www.trademe.co.nz/a/motors/c...1?bof=WvknSnnb
Yeap, just 25% residual value after just 8000 km's so the original owner burned about $450,000 peacocking around showing off...just a lazy little $56 in depreciation for each kilometre travelled lol. I doubt they cared...probably old money. I think that "just" tops any wealth destruction Michael hill jewellery will do to you lol
Sorry for off topic post...just a bit of amusement for you guys on how the upper class tear up money.
Buy the second hand one beagle.... much better value to suit your well tuned senses. High inflation in 2022 could well see the 2017 model hold its value, then do a private sale and keep the retailer commission.
On MHJ I reluctantly sold half my holding in sept/oct to help a family member with a first home. House bought in may on longterm settlement deal, just quietly. Pleased to still have the remaining half but am starting to feel the stock will take a breather
"high end Bentley"
chap down the road has 2 and offered one for a drive last month... fabulous !
MHJ should drop back a bit . Its not too late for the last of the summer highs and start of the summer wines.
the upper classes invested there horse gains 20 years ago in commercial property.. the wealth increase now is staggering!!!
Now honestly your all just jealous you dont have more MHJ!
Its not too late!