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  1. #1
    Senior Member
    Join Date
    May 2018
    Posts
    566

    Default MHJ - Michael Hill International

    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?

  2. #2
    Member
    Join Date
    Aug 2015
    Posts
    251

    Default

    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.

  3. #3
    Senior Member
    Join Date
    May 2018
    Posts
    566

    Default

    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.

  4. #4
    Investor
    Join Date
    Jul 2014
    Posts
    3,841

    Default

    https://www.sharetrader.co.nz/showth...?638-MHI-Chart

    Current thread already in place....

  5. #5
    Senior Member
    Join Date
    May 2018
    Posts
    566

    Default

    Quote Originally Posted by sb9 View Post
    https://www.sharetrader.co.nz/showth...?638-MHI-Chart

    Current thread already in place....
    Thanks .. it didn't come up when I searched the MHJ label.

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