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  1. #1
    Member
    Join Date
    Jun 2019
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    292

    Default Shriro holding limited (shm.asx)

    Hi all, any of you had a crack at this one? Pretty solid/consistent div. revenue ticking along year on year... retail picking up around the place... thoughts?

  2. #2
    Member
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    Jun 2019
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    Default

    So bought in and seems to be ticking along... up to $104.5 today. Results should be out soonish

  3. #3
    Junior Member
    Join Date
    Jan 2021
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    9

    Default

    Thanks for bringing attention to this company by making this thread. This seems like a solid company with a consistent revenue stream from their exclusive rights to the Casio brand products (school calculators, projectors, POS, watches). They also hold rights to Heston Blumenthal branded Everdure barbecues which are wildly popular and decent products all things considered. With a P/E ratio of only 11.9 there is still plenty of room for the sp to move, especially in the current overpriced market. If the report is favourable this very well will continue to tick along nicely

  4. #4
    Senior Member
    Join Date
    Sep 2013
    Posts
    525

    Default

    I came within a whisker of buying a few months ago at about 65c - doh! They are quite cyclical (people don't buy a fancy BBQ etc every day)and big beneficiaries of the covid-inspired home upgrade focus which is putting a lot of such retailers on a low PE atm, so I'd be cautious now they've rerated. (Sour grapes perhaps!^^). The likes of Dusk offer more sustainable growth at a similar multiples imo.
    Last edited by DarkHorse; 18-02-2021 at 09:28 PM.

  5. #5
    Member
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    Jun 2019
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    Default

    Results are out and they are pretty good. Actually better than I thought... positive on all fronts and seem to have good game plans to continue on this path. Had a quick look through the presentation and thought it looked pretty slick! Also like the fact they are making up for the wages deducted in the heat of the battle with COVID. Well let’s see how mr market responds!?

  6. #6
    Member
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    Jun 2019
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    Default

    Results are out. Down a bit on all fronts, But div is up! Haven’t had a chance to have a good read through yet. But looks like revenue has recovered slightly from what was earlier communicated. Outlook is positive whilst also being conservative with talk of chasing opportunities and growth (always nice to see). Anyone else holding? Thoughts?

  7. #7
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by Ricky-bobby View Post
    Results are out. Down a bit on all fronts, But div is up! Haven’t had a chance to have a good read through yet. But looks like revenue has recovered slightly from what was earlier communicated. Outlook is positive whilst also being conservative with talk of chasing opportunities and growth (always nice to see). Anyone else holding? Thoughts?
    Yes I hold.Happy with the higher divie.
    International revenue continued to grow up 29.4% pcp, however timing
    differences relating to supply chain resulted in some revenue falling in to
    the second half. US revenue continued to grow by 115.0%.
    Strong balance sheet with $69.5M net assets, zero debt, cash of $7.2M.
    Shriro intends investigating deployment of this capital to fund its future
    strategic initiatives.
    Last edited by percy; 01-03-2022 at 06:56 AM.

  8. #8
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,924

    Default

    Thanks Percy - onboard here too

  9. #9
    Member
    Join Date
    Jun 2019
    Posts
    292

    Default

    Some big movement at board level… making me a little nervous.

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