MHJ - Michael Hill International

**Timesurfer** · 15-05-2020, 09:58 AM

Good report from MHJ with online sales breaking records during COVID lock down.
Are they finally at the bottom of the slide and about to rebound?

**allfromacell** · 15-05-2020, 10:08 AM

I would much prefer it if they said how online sales have tracked yoy like other retailers have, makes it easier to work out how badly total sales have fallen. MHJ traditionally does very little online sales (less than 3%) so this comes across as window dressing to me, stores opening again is good.

I picked up some shares in the mid 20s where the real value laid. Not keen to add more in the high 30s as it's a highly discretionary product going into a very difficult period but happy to hold for now.

**Timesurfer** · 15-05-2020, 10:18 AM

Good points. I like the direction their online services have gone though, shows they have some talent working in that space. Most retailers are really deficient in this area.

I picked up a handful just to see where they go.