Still grinding it out at that resistance zone. Depth looks like the bulls are making headway, but lets see if we can get that solid break to push to $1.00.
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Another hold up / burglary
Seems a common occurrence
Probably reflects Michael Hills huge market presence
https://www.stuff.co.nz/national/cri...ry-and-watches
https://www.nzherald.co.nz/nz/michae...W56XGWKDWOXRQ/
Looks like they got very clear images of the robbers.
92c proving to be big resistance currently. Hopefully upcoming trading update should break that through.
Q4 update should be out in the next day or two. Given spending figures over previous months I am expecting a strong result. Covid situation in Australia may start slowing things down though, but probably offset by Canada opening back up. Tightening on the chart continues so is well positioned for a move once the announcement is released (I can't tell you whether that'll be up or down though).
I'm Quietly confident JTH, fingers crossed
At first glance a really solid result given the number of store closures. Net cash position of ~$70m so should enable healthy ongoing dividends. Spheria will be quite happy I'm picking. Let's see if this breaks the consolidation for a push to the $1 psychological level.
http://nzx-prod-s7fsd7f98s.s3-websit...746/350440.pdfQuote:
“I’m very pleased with our Q4 results – sales growth in all markets, increased margins, and an outstanding performancefrom our bricks and mortar stores delivering almost 20% same store sales growth for the quarter. Setting aside the globalstore network closure in 2020, Michael Hill has now delivered eight consecutive quarters of positive comp sales growth,together with sustained margin expansion.
This performance provides further evidence that our strategic transformation agenda is on track and delivering. We’veseen record digital sales, our loyalty program going from strength to strength, further deployment of omni-channelinitiatives, and continued evolution of our product offering, go-to-market campaigns and retail fundamentals."