Shave a buck off the SP and The Hawk may start to feel interested again :)
MHJ seems to be well overpriced now IMO
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Shave a buck off the SP and The Hawk may start to feel interested again :)
MHJ seems to be well overpriced now IMO
Unless they record severe losses the SP wont move down a dollar.
Is fairly priced right here.
Is it ?
or just in a low yield goldfish bowl ?
Just one HY less favourable report ahead could change that too :)
What's changed since early 2019 with MHJ ? ;)
The hawk's general gut feeling is there could be a fair bit of slip sliding backwards
to come in many areas of the NZX Board sectors. No further major artificial economy
bicycle pump action expected from the Hill ahead, a bit of inflation thrown in instead ..
and that's before Robertson & mates even consider pulling the chain to suck a bit back in
from the bloated economic bowl overflowing with readies, now worth a fraction of what
they were when poured into the bowl..
Specific to MHJ.
MHJ is AUD dollar dominated and may increase its Canuck exposure we dont know yet.
Add the great new influence in RF and the current results speak for themselves.
You may well have many good points and many that can be added related to NZ economy.
But so far it looks like demand for NZ exports is underpinning the markets and hard work of everyone milking cows to growing grapes in many areas of New Zealand outside its cities and outside wellington.
What's Covid doing in Omacronville across the ditch & elsewhere ?
Peak stats if I'm not mistaken..
Economies stacked to the brim with artificially created inflationary funny money.
Did MHJ sales, prices & margins grow by the same invisible inflationary rate, or not so ? :)
Why not ?
And as for when it evaporates & the money creation stops / gets sucked back in ?
Not a risk I'd take here on current SP levels and certainly not on current Div rates IMO
Points for a general discussion on Macro economics, deficits and QE.
Humans have worn art work since and before the celts.
Dont expect them to stop anytime soon.
So MHJ sales, prices & margins can't have grown by the same invisible inflationary rate, I assume ? ;)
Now they must be heading back to stumping up 100% of staffing etc costs out of margin ..
What will that do to the bottomline, if the economic bicycle pump action stops ? ;)
What will happen to SP, if the Div returns to 1.5 cps a half year sitting ? ;)
Probably a good topic for a thread on the effects off QE , supportive Macro economics policies, rising interest rates on the retail sector.
"Might walk away from Canada just like they did with the States"
short the stock winner.. go on!!
the stats going back 5 years dont seem to indicate they are sledding away..from Canuck land.
really winner... by now unless your under a dollar you should sell now.
Where's the upside with MHJ - Waltzing ? ;)
As far as I can see - if SP slides 3.0 c there's half year div gone
Make it 5.0c or 6.0 c slide - there's the div for a year at 6.0 c gone (assuming that's the case)
I have difficulty seeing MHJ as a $2 buck share or even fair value at current levels
based on recent past performance & the economic conditions looking forward ..
Investors have the option to short the stock.
Its a gamble what happens in the retail sectors now.
Not even considering selling anymore at the moment.
What will a normalised 6 months do Waltzing ?
Let's face it periods closed, followed by periods with bumper windfall sales in various locations ;)
What are you guys using for a dartboard ? ;)
Who knows nztx? what's your dartboard like?
Since new CEO and CFO came in margins have increased 250bp. Debt has gone from -$24m to $70m. SP has increased 110% Its not all bad.
HLG and WHS sales down at half year. MHJ sales up. Common... its not all bad. ;)
You are completely writing MHJ off. Fair enough- thats your call. Could do the opposite of what you say. Not saying I am buying at these levels.. not selling.. happy to see another few reporting periods.
The balance sheets of consumers in each country are not equal and nor are the currencies or the economies.
As stated open a thread of that complex subject. Dont forget each RB runs a ratio for T1 for banks and NZ has a new one coming.
Have clearly stated its a speculative investment for us based on long term thousands of years of business in humans wearing art.
Until more ECO information comes to light about the consumers balance sheets across all 3 ECO's not throwing darts anywhere.
Retail has always been a cyclical investment. You can fill your DASHBOARD of data from the countries published economic stats.
Here the one for the US, lots of reading here and who hasnt been reading this site.
https://www.bea.gov/
AUS has one also and thats where Winner goes to fill his DASHBOARD.