Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
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Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
From a watchers perspective will be intriguing to see how bad this gets ...or maybe they’ll stabilise the ship (train wreck)
Michael Hill Jeweller and Tiffany in the same sentence .....that’s a bit of a stretch of the imagination.
One never knows one day this might be worth a punt ....maybe 40 cents
bigger lines of shares being dumped today, some one agrees with me, could we be sub .70 before todays day end ?
The disclaimers at the bottom of today’s announcement may be close to the truth and an indication of the how the year going to play out
Really UGLY and going to get a LOT UGLIER in my opinion. Product offer and business case is fundamentally flawed. 3% sales by ecommerce platforms is really pathetic.
The next Pumpkin Patch ? Not at any price for me Winner because I don't punt on mutts. I like watching train wrecks however because they teach you what NOT to do in business.
http://www.sharechat.co.nz/article/7...weak-saleshtml
Forward PE is 9 on FNZC forecast but I reckon their forecast is "brave"
Looks like .74 is the bottom for now, late flurry of buying atm.
Retail expert says it’s good to see a retailer cutting back on discount ...good being an expert who knows everything eh
The comments under the article probably a better indicator of the uphill battle Michael Hill has
https://www.stuff.co.nz/business/107...paying-off-yet
Why would one pay a forward PE of 9 for a retailer that's swiftly contracting and there are real questions over the validity of their business model when one can buy a highly successful retailer on a pathway of solid growth with excellent stock turn like HLG for a forward PE of about 11 ?
Well an argument could be made for taking more than last years earnings into consideration. In which case the 'average' p/e of HLG is considerably higher.
In any case I hold more HLG than MHJ.