Someone might know something material that's not out in public domain yet, may not be leaky ship but could well be insightful research. Or simply taking a big punt...
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Sales going gangbusters
AUD movement seems to impact total results on consolidated basis
http://nzx-prod-s7fsd7f98s.s3-websit...679/344176.pdf
Thanks Winner.
I can't remember double-digit sales growth in the last 5 years.
After we came out from lockdown last year I was feeling like eating out more frequently. So I wonder if around the world people coming out of lockdown or coming back into it make them spend more "to feel better". The 93.3% year to date increase in online sales is very interesting and likely to happen according to the covid-19 effect of online shopping.
We going to get my $1 per share sooner than I thought 😃
Best htin about the Q3 is it showed greater growth than previous quarter - unlike Q2 growth being less than Q1 (in %age terms)
Good momentum
More volume being transacted at higher highs, looks like clean run into a buck very soon..
September 2018 last time closing at 0.90, interesting!.
I reckon MHJ is going to do a WHS ..everything sorted and increased sales and margin flow through to the bottom ...and share price booms
Rawz - that means 2 bucks mid year
As expected ACC been doing selling. Now that they're under 5% threshold and don't need to report transactions any more. They still have about 18mln odd shares under their fold, expect price to be subdued until they sell out completely.
I agree W69. The retailers that will be successful in this day n age are those that shrink their store numbers but balance it with excellent click n collect systems, destination stores AND an awesome website!
Got to give MHJ management credit as they were ahead of the curve ball shrinking the store numbers before covid hit. Covid just sped up the process. Last qrt only 1 'non performing' store closed and prior to that none by memory. Looks like we are at the end of that road or very close to it. The one off write offs will be coming to an end. The sales from the closed stores have been transferring to the remaining stores or going through the website with same store sales constantly growing yoy and online sales growing 100% yoy for a number of reporting periods. And with less rents, store mangers, sales staff, inventory etc etc GP margins have gone from 60% to 63% and will get close to 65% imo.
The retailers that don't adjust will get eaten alive by Amazon, Alibaba etc.
ACC sell down - Do not worry about that as they purchased 4.1m shares last year for around 35 cents taking their stake at the time from 24.6m to 28.7m so are just selling their 100%+ gains and rebalancing their holding. Poor suckers are probably forced to sell the hottest stock in town (:p:t_up:) because of some internal limit guidelines/mandate
As per Forsythbarr as at 16.04.2021
Earnings: We make limited changes to our FY21 forecasts. Recent performance provides further confidence in management's ability to grow earnings, we lift FY22 and FY23 NPAT estimates +8.0% and +9.8% respectively.
Target price: Our target price increases +15cps to NZ$1.02 on the back of earnings changes and higher peer multiples.