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15-10-2018, 03:55 PM
#601
Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
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15-10-2018, 04:07 PM
#602
Originally Posted by James108
Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
From a watchers perspective will be intriguing to see how bad this gets ...or maybe they’ll stabilise the ship (train wreck)
Michael Hill Jeweller and Tiffany in the same sentence .....that’s a bit of a stretch of the imagination.
One never knows one day this might be worth a punt ....maybe 40 cents
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 04:11 PM
#603
bigger lines of shares being dumped today, some one agrees with me, could we be sub .70 before todays day end ?
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15-10-2018, 04:19 PM
#604
The disclaimers at the bottom of today’s announcement may be close to the truth and an indication of the how the year going to play out
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 05:36 PM
#605
Originally Posted by whatsup
Approx $404 K turn over per store, high over heads and discounting could be a death sentence here , watch the next numbers closely for and worsening situation, if no up turn could be that a total restructuring is needed imo.
Bit better than that ...average store turnover about A$1.9m
Not that high really and your comments re overheads are relevant
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-10-2018, 06:05 PM
#606
Really UGLY and going to get a LOT UGLIER in my opinion. Product offer and business case is fundamentally flawed. 3% sales by ecommerce platforms is really pathetic.
The next Pumpkin Patch ? Not at any price for me Winner because I don't punt on mutts. I like watching train wrecks however because they teach you what NOT to do in business.
Last edited by Beagle; 15-10-2018 at 06:06 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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16-10-2018, 02:37 PM
#607
http://www.sharechat.co.nz/article/7...weak-saleshtml
Forward PE is 9 on FNZC forecast but I reckon their forecast is "brave"
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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16-10-2018, 04:40 PM
#608
Looks like .74 is the bottom for now, late flurry of buying atm.
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16-10-2018, 07:15 PM
#609
Retail expert says it’s good to see a retailer cutting back on discount ...good being an expert who knows everything eh
The comments under the article probably a better indicator of the uphill battle Michael Hill has
https://www.stuff.co.nz/business/107...paying-off-yet
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-10-2018, 11:23 AM
#610
Why would one pay a forward PE of 9 for a retailer that's swiftly contracting and there are real questions over the validity of their business model when one can buy a highly successful retailer on a pathway of solid growth with excellent stock turn like HLG for a forward PE of about 11 ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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