DB - I think I'd wait for the mewling to stop.
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DB - I think I'd wait for the mewling to stop.
Rmb"lucky" rides again!
I have put in an order for 2000 MHI @ 6.95 ...
... And have secured 1511 so far.
Will Rmb"lucky"'s luck hold?
We'll see ...
Dead cat bounce.
Exactly!Quote:
quote:Originally posted by k1w1
Dead cat bounce.
I'm hoping to sell soon for a small profit
MHI has proved their quality in a tough operating environment. But for an accounting change which transfers $700,000 in costs from the 2nd half to the 1st, their profit would be unchanged from the same period last year. The 6% rise in revenue compared favourably with ANC's 6.6% sales decline. Sales were assisted by a steady increase in Australian store numbers (but per store sales were down 2.4% in a softer trading environment) and a continued roll out of Canadian units. Canada scored a maiden operating profit at a modest $200,000. The rapid increase in scale and improvement in profitability bodes well for future years. I wouldn't be surprised if we saw MHI open in a 4th market within 3, maybe even 2 years.
By my metrics it's currently priced for 5% growth (EPS 39c, Growth 5% falling to to 3% after 10 years, Discount Rate 10%). At a historical 14% growth rate NPV is around $13. So in the mid six $s MHI is a bargain but I'll be awaiting a clear up-trend signal before buying.
I wonder what the US market would be like for MHI. It shouldn't be too hard for them to pop over the border if they want to. It might even be easier to keep their business on the west coast of Can/US than it would be to open shops on the east coast of Canada.
I agree although moving across Canada could be useful in the long term because it would prod them to develop French speaking systems and processes. This could facilitate them entering France.
That's some bounce - right up to 7.60.Quote:
quote:Originally posted by k1w1
Dead cat bounce.
... I never sold the 2000 I bought in the middle of Jan and now they're up to 7.60.Quote:
quote:Originally posted by rmbbrave
Rmb"lucky" rides again!
I have put in an order for 2000 MHI @ 6.95 ...
... And have secured 1511 so far.
Will Rmb"lucky"'s luck hold?
We'll see ...
Still lucky.
Yes, I'm regretting not buying around $7 but I hadn't the spare cash, and couldn't decide what I would rather sell to fund it.
Strange how MHI always lags behind the NZX. Then it plays catch up.
In a very strangely worded announcement, Australian listed Jeweller Angus & Cootes (Holdings) Ltd announced they wouldn't be making any money for the year. (Actually they said the profit would be "below breakeven").
First half profits were soft, down 37% to $6.1m. This implies a horrific 2nd half result.
Awaiting the next MHI trading update with interest.
MHI has dropped down to 7.15.
Has a half year result been released.
I have had good result trading MHI every 6 months or so.
Is it time for another trade?
Spose no regrets now StephQuote:
quote:Originally posted by stephen
Yes, I'm regretting not buying around $7 but I hadn't the spare cash, and couldn't decide what I would rather sell to fund it.
What do you think of the result Belg ... bit disapoointing ... even though expected
Great company and all that and knows about what it is on about
But not a good investment over the last two years .... share price gone nowhere .... as the highly inflated pe ratio back late 2004 gats unwound to more respectable levels
On this earnings still a pe of 17 so shareprice unlikely to go anywhere for a while yet ... in this cycle anyway
Looks like MHI stays on the watchlist ... and review in a years time.
Can't you see W69...Belgs Laughing...all the way to the funny farm.Quote:
quote:Originally posted by belgarion
Those who didn't pick up below $7 - Why not?
Those who still didn't pick up between $7 and $7.50 - Why not?
Those still not looking for a few more - Why not?
Those who haven't got a clue what Im talking about should whack current fx-rates into their spreadsheets.
discl: laughing ;)
BTW...love the line on the "spreadsheet" Belg.
Looking forwards to seeing the full results in detail. It was reasonably apparant results would be flat'ish. Secretly I thought they might sqeak an increase but hadn't factored a "same sized" loss from the Canadian operation. Despite the flat numbers the qualitative differences between MHI and ANC are highly apparent. Wonder how the privately owned Prouds are doing?
Last time MHI delivered a flat result a few years back the market got morose about them and the share price suffered for a year or so. I'd expect the same this time round and like W69 will keep them on the medium term radar. Canada still seems on track and I'm reminded how long it took Australia to really start firing. Quite a few store openings in OZ this soft trading year, probably didn't help the short term bottom line.
On a logarithmic scale it does!
What does a 15 year graph with an ordinary scale look like?
Pheadrus,
good work and $6 here we come !?