MHJ - Michael Hill International.

[Rawz]

The share price is just returning to a semi reasonable level in my opinion. There was plenty of buying opportunities during march around and under 70cents, hope MHJ supporters topped up- I sure did To be fair anything under 80 cents is a gift

The next trading update for Q3 will be interesting and perhaps word has gotten out that it is going to be a goodie, hence the recent 10% SP increase.

Market screener has 3 analysts saying $40m np this year. 10 cents EPS. Forward P/E of 7.5! We could get a big divvy later this year, 5 cents would be a huge jump from the last few years but given how much cash they will be making + the squeaky clean balance sheet it wouldn't be unreasonable. Would give a total dividend of 6.5cents including the interim.

We are heading to $1 per share which would get us almost to a 10 P/E. Enjoy the ride and GLTAH

[Habits]

I was stupid and bought at a recent peak but did buy some more at 71.... thanks for the info Rawz

[sb9]

78.5

2,780,000

11:41

SP

ACC might be off-loading more at slightly higher price.

[Rawz]

78.5

2,780,000

11:41

SP

ACC might be off-loading more at slightly higher price.

ACC giving away golden tickets? Get in while you can before Spheria takes them all

[JohnnyTheHorse]

This is very unusual trading.

[sb9]

This is very unusual trading.

Looks as though some fund (may be Spheria) is happy to pay up bit more to get their stake...

[JohnnyTheHorse]

Looks as though some fund (may be Spheria) is happy to pay up bit more to get their stake...

It just doesn’t really make sense that they would be chasing it so hard and so fast, especially because it traded at volume around 70 for so long. Wouldn’t be surprised to see a speeding ticket if this keeps up.

[Rawz]

It just doesn’t really make sense that they would be chasing it so hard and so fast, especially because it traded at volume around 70 for so long. Wouldn’t be surprised to see a speeding ticket if this keeps up.

But the volume around 70 was nothing. If somebody wants a big stake its only natural that the price will be forced up. 52 week high previously was 82 cents so we have only just hit that. Time for another run up to 90cents and then we will be one more jump to the no growth p/e of 10 at $1

[Habits]

But the volume around 70 was nothing. If somebody wants a big stake its only natural that the price will be forced up. 52 week high previously was 82 cents so we have only just hit that. Time for another run up to 90cents and then we will be one more jump to the no growth p/e of 10 at $1

F/y ends 30 June so Im expecting another profit upgrade before then

[JohnnyTheHorse]

Closed at the equivalent of NZ85c on ASX. Was there a large broker upgrade?