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  1. #641
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    Quote Originally Posted by sb9 View Post
    All at $0.70c a piece....something up?
    Either the number one share holder selling a piece, or otherwise its a portion of NZCS whoever that may be....

    Hoglett Hamlett Limited* 148,330,600 38.28
    New Zealand Central Securities Depository Ltd 60,370,705 15.58

    http://investor.michaelhill.com/stat...8-ade3d088276a from the annual report.

    We will find out soon enough who the seller is and potentially who the buyer is if it is one parcel.
    Last edited by blackcap; 20-03-2019 at 10:30 AM.

  2. #642
    percy
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    Paying for the boat?

  3. #643
    Legend Balance's Avatar
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    Quote Originally Posted by blackcap View Post
    Either the number one share holder selling a piece, or otherwise its a portion of NZCS whoever that may be....

    Hoglett Hamlett Limited* 148,330,600 38.28
    New Zealand Central Securities Depository Ltd 60,370,705 15.58

    http://investor.michaelhill.com/stat...8-ade3d088276a from the annual report.

    We will find out soon enough who the seller is and potentially who the buyer is if it is one parcel.
    Looks like Fisher Fund exiting their whole stake to me.

    Right way to do it - in fact, only way to do it.

  4. #644
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    Quote Originally Posted by Balance View Post
    Looks like Fisher Fund exiting their whole stake to me.

    Right way to do it - in fact, only way to do it.
    Correct, its Fisher Funds who sold down...

    https://www.nzx.com/announcements/332291

    Wonder who bought them though.

  5. #645
    Legend Balance's Avatar
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    Quote Originally Posted by sb9 View Post
    Correct, its Fisher Funds who sold down...

    https://www.nzx.com/announcements/332291

    Wonder who bought them though.
    Simple rule I have followed over the years - buy when they first disclose and then, sell when Fisher Fund buys, and buy when Fisher Fund sells. Watch your exit though - they will buy and keep on buying so sell close to the top to them.

    As close as I can get to a sure fire 'win win' you will ever get!

  6. #646
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  7. #647
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    Lower Hutt,NZ
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    Quote Originally Posted by blackcap View Post
    Time to load up

  8. #648
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    I've been thinking of topping up given the low current price is.

  9. #649
    percy
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    Quote Originally Posted by percy View Post
    311 stores producing a revenue of $315 mil,or just over $1mil revenue per store.NZ stores are well over $1mil while Canadian stores are well under $1mil per store.That figure reduces when we take off the $9.5mil generated from online sales.On line sales at 3% of total sales have a lot of ground to make up.
    Net profit after tax is $19.5mil or $62,700 per store,or $1,200 per store per week.
    Still very early days repositioning the brand from discounter to good value store.
    Their store fit out is a lot more expensive than Lovisa's which means their pay back time is in years rather than months.
    Looking at Lovisa store compared to a Michael Hill store, it is easy to note which is busy and which is not.
    So I remain of the opinion LOV is the better company to invest with.LOV has a proven model that works worldwide.
    Above post on 12th March 2019.
    At that time MHJ share price was 78 cents.................Today 58 cents,down 25.5%
    while LOV's share price was $9.62.............................Today $11.40 up 18.5%.
    I expect both copmpany's share price trend to continue.

  10. #650
    Speedy Az winner69's Avatar
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    Quote Originally Posted by blackcap View Post
    Plenty underwater to date

    Might need to get heaps more to average down
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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