And what a collection ... 3 Bow wow's in a Boat!
Classic....:t_up:
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And what a collection ... 3 Bow wow's in a Boat!
Classic....:t_up:
Michael Hill jewellery as a store of wealth ….hmmm
Got wifes jewellery valued last year for insurance purposes.
Jeweller said ‘wow, a Van Cleef & Arpels necklace. That’s a magnificent piece’ and then he drooled over a Van Cleef Arpels gold bracelet with some diamonds in it -never seen one of those before.
Went through the other stuff ….she has a lot accumulated from around the world ….and then came to gold pendant with a stone in it …..’oh Michael Hill ….only worth what the gold content and a bit for the stone ..prob less than what you paid for it’
Insurance premium went through the roof
Bought a Gold and green stone pendant last week for the other waltzer, but from a german dealer of antiques... custom local designer..
you never know in a hundred years time it might be like 1950's NZ kitchen pottery..but unlikely..
Not buying the jewellery, just buying the business that sells the jewellery! Have to believe in their business and model - plenty of punters out there like a bit of bling and buy something semi-regularly, so MGJ fits the bill.
Hopefully you have a few MHJ Winner, and out of the profit can get Mrs Winner some more of the good stuff!!
if it pops down sub 1.30 its a buy... the result sounds fantostic...slim chance...
Shiny things...I've had a few but you'd struggle to beat the wealth destruction of a high end Bentley
Interesting lesson in residual values here Brand New $595K https://www.trademe.co.nz/a/motors/c...5?bof=WvknSnnb
and 4 years later if you use it very sparingly and maintain it impeccably it has a retail value of just $195K, (which means about $150K in your hand to trade it in if you're really lucky, more likely about $120K).
https://www.trademe.co.nz/a/motors/c...1?bof=WvknSnnb
Yeap, just 25% residual value after just 8000 km's so the original owner burned about $450,000 peacocking around showing off...just a lazy little $56 in depreciation for each kilometre travelled lol. I doubt they cared...probably old money. I think that "just" tops any wealth destruction Michael hill jewellery will do to you lol
Sorry for off topic post...just a bit of amusement for you guys on how the upper class tear up money.
Buy the second hand one beagle.... much better value to suit your well tuned senses. High inflation in 2022 could well see the 2017 model hold its value, then do a private sale and keep the retailer commission.
On MHJ I reluctantly sold half my holding in sept/oct to help a family member with a first home. House bought in may on longterm settlement deal, just quietly. Pleased to still have the remaining half but am starting to feel the stock will take a breather
"high end Bentley"
chap down the road has 2 and offered one for a drive last month... fabulous !
MHJ should drop back a bit . Its not too late for the last of the summer highs and start of the summer wines.
the upper classes invested there horse gains 20 years ago in commercial property.. the wealth increase now is staggering!!!
Now honestly your all just jealous you dont have more MHJ!
Its not too late!
"commercial property "
private commercial property was bought by these well healed horse people and placed in Trusts..in the late 1990's.
But back to MHJ... it not too late if it drop back to under 1.30... gosh what happened to .80....:scared:... ...dont under estimate the power of Celtic Art..and it made a come back in ireland and the UK in the late 19th century..
this stock has been an outstanding performer in the last 12 months and Rob has gotten the sales mix perfectly balanced.
The performance has seen some big hits into the stands and you cant take those boundaries back and use the Video ref to say "NO BALL".
Its game over for these accounting periods and the numbers are in and thats that..The runs are on the Board!
As they say in sport its Game over and Robs team were Winners and Grinners.
The official result will be signed off by the refs and posted on the score board.
Next seasons performance is another matter.
Well done with the CP which we also tried and did well out of. It has its downfalls in a pandemic but we had already exited to try rural property.
Re MHJ... buy the rumour and buy more after the fact maybe
I thought MHJ were supposed to have announced it’s foray into a 4th digital market by now? Maybe early next year, lots to look forward to. Like what on earth are they going to do with all the cash they are producing (and hoarding)
Currently we are sitting on a no growth p/e of 10. That’s nuts! Profits are clearly growing much to the markets surprise.
Should be a very good year for MHJ in 2022. We are heading to $50m npat and likely to see a slow re-rate to 13 p/e which will better reflect the growth we are starting to see.
The non believers are saying the same stuff they were this time last year. Missed the boat and the gains. I can understand it thou. Was a dog stock for so long, maybe a few hands were bitten? Go on, put the hand out again- no bite, only diamonds
The Commercial property investment themes in the early 1990's was thought up by the Accountants generation educated during the 2 World War and implemented in Trust into the 1980's, not my generation. That was a very smart generation and it is only now that the long term insights of that generation can be seen in all its grandeur.
MHJ may well have anther good Indian summer, you never know.