MHJ - Michael Hill International.

[Lease]

Think that story needs rewriting

The transformation stuff at Specialty had already been done when Bracken started ...and he only stayed 9 months ...hmm

Specialty is now City Chic (CCX)

Surely we can't give all credits to Bracken for Specialty's recovery. But as per the article: ""The board gave me almost a white piece of paper and said 'do whatever you think is necessary to deliver the best possible outcome for our shareholders". It showed it was his decision to sell off $31M non-performing brands to make Specialty turnaround.

https://www.ragtrader.com.au/people/...llion-sell-off

[clearasmud]

Big interest in MHJ today.
Getting close to break even now, ha ha.
Someone believes MHJ has nailed it?

[Lease]

Xmas Trading must be going very well.

[MauroNZ]

Closest day with similar volume was on 04/12.

[winner69]

Things heading in right direction

Even giving $100,000 to bushfire fund

http://nzx-prod-s7fsd7f98s.s3-websit...135/315278.pdf

[percy]

Things heading in right direction

Even giving $100,000 to bushfire fund

http://nzx-prod-s7fsd7f98s.s3-websit...135/315278.pdf

Online sales still very modest at 3% of total sales.
Right direction? Perhaps,however more treading water to me,as margin and business model issues remain challenging.
Landlords are never easy to talk to.Only time they seem to listen is when negotiating new leases.
Interesting noting the NZ stores seem to be trading the best.
Do not know which country is giving them the online growth.
HLG are getting their's from Australia.

[Lease]

Well, at least they are progressing. Impressed.

Margin issue is not only for MHJ but for the entire industry. It's tough for retailers in this world but MHJ are going to take high-end market. I went to Westfield newmarket during the holiday and paid a visit to MHJ store there. The products are very sharp and surely expensive. Everyday the store only need one or two transactions then sales will easily go over $30k p.w.

[MauroNZ]

I like the brand, but as a shareholder I'm a bit disappointed on how it turned down in the last few years with even decreasing dividends. My holding is not that big so I still can live without worrying it but thinking of being down from $1.28 makes me think if I'm better off it.

Percy I agree with you, 3% of sales is just the online makes me think. Many other retailers have a better online sale. Though I have to say I bought a pair of earrings for my wife near Xmas and she wanted to see in-store how they look on her, hence maybe online sales are not strong. I have to say she didn't want to go to MHJ knowing I'm a shareholder . Pascoes was busier than MHJ that day in Lambtom Quay.

[percy]

Well, at least they are progressing. Impressed.

Everyday the store only need one or two transactions then sales will easily go over $30k p.w.

Cant help thinking should they everyday have one or two fewer transactions then sales will be $30k p.w.less...!!!

[winner69]

Wonder how good their man made diamonds are?

Sorry - grown in the lab ...but still synthetic to me