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12-10-2018, 07:46 PM
#591
Wow some really sh it numbers that they put out after market on a Friday. Wonder what the price will be on Monday....
https://www.asx.com.au/asxpdf/201810...q4q3kryhpb.pdf
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12-10-2018, 07:59 PM
#592
Originally Posted by blackcap
Just when you thought things could not get worse for Michael Hill,they just did.
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15-10-2018, 09:19 AM
#593
Originally Posted by blackcap
Double digit decline in same stores sales some effort
Seems unless they discount/have sales they are dead in the water ......is market saying the product not really that special?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 10:09 AM
#594
Seems like they shot themselves in the foot big time. Hopefully they fix this, sold half my holding this morning.
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15-10-2018, 11:16 AM
#595
Originally Posted by James108
Seems like they shot themselves in the foot big time. Hopefully they fix this, sold half my holding this morning.
Hard to fix when you try to turn a slow moving train wreck around
I blame Rob Fyfe influence
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 11:39 AM
#596
I don't buy that michael hill are a slow moving train wreck. Seems like they had 1 average to poor year in their core NZ/AUS/CAN operations now they are changing strategy.
I imagine they want to be more like Tiffany and Co. i.e. premium/desirable brand, no need to discount. I read tiffany and co suprisingly have a lower gross margin (havent looked at their statements myself) but much higher revenue/store (their assets and fixed costs work MUCH harder, they have only 1 busy store in Auckland). Unfortunately Michael Hill have 30 years of being a middle of the road brand and you are right, you cannot turn that around easily. I feel their stores look better than competition in malls (but hey, I'm no female and definitely no expert), so maybe they can do it. I am not holding my breath which is why I sold half this morning.
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15-10-2018, 12:45 PM
#597
Originally Posted by James108
.....
Unfortunately Michael Hill have 30 years of being a middle of the road brand and you are right, you cannot turn that around easily....
That’s the big problem for them .....esp the 30 years bit
Consumers will see through the changes they are making and vote with their wallet
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 03:32 PM
#598
PE still pretty HIGH @ 57 which indicated growth premium so with todays sobering sales ann where will they come from, imho PE for a retail share in this environment should be in the mid 20's , so what would that indicate as a share price for MHJ ?
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15-10-2018, 03:46 PM
#599
Originally Posted by whatsup
PE still pretty HIGH @ 57 which indicated growth premium so with todays sobering sales ann where will they come from, imho PE for a retail share in this environment should be in the mid 20's , so what would that indicate as a share price for MHJ ?
The p/e on continuing operations was closer to 10. Who knows what it is now, could be negative if they keep this up.
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15-10-2018, 03:47 PM
#600
Originally Posted by James108
The p/e on continuing operations was closer to 10. Who knows what it is now, could be negative if they keep this up.
Negative assumes making a loss ......lol
”When investors are euphoric, they are incapable of recognising euphoria itself “
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