Lost interest in MHJ after a gold chain comparison at New Lynn 30yrs ago
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LEK your a no panic merchant..with all the info going round in the next few weeks with OMI numbers reported as 4 times higher than reported the market might just get spooked and some good prices turn up..
Indeed - I have been waiting for peak CV panic to finally hit - I was also expecting much more widespread store closures due to staffing isolation issues (but todays move to phase 3 and it’s change to isolation requirements may prevent that). Although combined with tonight’s WAR selloff, who knows how low we go tomorrow.
as NASA says
Go Kiwi in the Blind...
light will emerge ... sometimes its a dark winter first ..
wait its still a fabulous Autumn about to dawn...
Nothing better than some Celtic ART...
of course MHJ does not have any craftsmen and women knocking out this style..
DOW hardly moved in the end over night.
Yesterday might have been the day for NZX stocks after AUSSI sell off.
Tech NAS up!!
So Michael Hill ha $100m in the bank and spent heaps of time the other day discussing what to do with it
Growth and more growth seems an exciting prospect....new markets, new channels and new service propositions blah blah and not forgetting the digital eco-system and best of all let's spend $50m on acquiring something.
Growth and even more doesn't seem to be part of the Michael Hill DNA if 1% pa growth over the last 8 years is anything to go by
Just give most of the $100m back to shareholders might be best bet -- the old saying 'cash burns a hole in your pocket' might be a good thing to take on board.
100% agree Winner. Give it back and then give 90% of earnings back here on out and just dominate Aus/Can/NZ where the brand is strong.
Big special DIV has to be then! And a share buy back..
Had to have a little nibble today with this sell off - picked some up at $1.32.
Attachment 13616
According to ASB, not that much buying volume.
Probably fair value around these levels.
Waltz said it was BUY at $1.30
with inflation hitting harder than expected around the world and petrol going sky high these are not really defensive and you see the likes of MR B stocked up on cash.
one dollar 10 if real weakness comes into the market.
This was only a speculative stock buy not something you could look at the balance sheet and say this is technology going to replace everything old.
in fact the speculative stocks where orders will be flowing in are defence stocks.
the new bling...
Air Canada coming to NZ
That should be good for MHJ
Is that an official BUY recommendation? Are their air crew better looking.
I knew 2 blondes who would have got jobs instantly for European airlines both intelligent both turned down by AIR.
In winter they just wear furs?
well it was a winner today up 5%!
the market still has faith!
In the US Signet made it numbers.
MHJ (a favorite of mine), could be very close to a buy in the coming weeks
It has showed great strength. Just like the blues tonight v chiefs
Since most of the increase in profits or getting back to profit comes from canada the fortunes of the company might be more closely tied to how happy they are with ICE hockey teams..
https://www.nhl.com/canucks
looking for sub 1.20 here . 1.10 a re entry point.
inflation stifling all the retail stocks at the moment.
Will be interesting to see what happens this cycle. Inflation is generally ok for retailers (they increase operating leverage as they increase prices faster than other operating costs like lease, utilities and wage costs can rise), but in combination with the Covid impacted high shipping costs thst advantage may be muted.
retail property holders Kiwi & Stride will be salivating at the prospect of being able to increase rents faster than expected - and still potentially be a falling percentage of their tenants turnover.