sharetrader
Page 45 of 46 FirstFirst ... 35414243444546 LastLast
Results 661 to 675 of 678

Thread: MHI Chart

  1. #661
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    9,917

    Default

    Quote Originally Posted by percy View Post
    The pain continues.
    Sigh - tough space to be in - bricks & mortar retailing of a semi-luxury discretionary product in today's retailing environment.

    Very painful indeed.
    Last edited by Balance; 11-07-2019 at 12:15 PM.

  2. #662
    Member
    Join Date
    Mar 2013
    Posts
    89

    Default

    Quote Originally Posted by winner69 View Post
    Yes percy they did mention margins - a full year gross margin of 61.1%, compared against 62.8% for the prior year.

    That’s 1.7% points gross margin drop

    On $560m that’s nearly a $10m margin hit ...aussie dollars ...straight through to bottom line.

    Once a trend starts (during transformations) it usually continues or at best it’s hard to arrest a down trend
    Every quarter they mention gross profit margin. It's not news.

  3. #663
    Member
    Join Date
    Feb 2004
    Location
    Wellington, , New Zealand.
    Posts
    335

    Default

    They said the margin drop was due to getting rid of old stock.
    They also previously said that they were targeting up to $10m in overhead savings.

  4. #664
    Member
    Join Date
    Feb 2004
    Location
    Wellington, , New Zealand.
    Posts
    335

    Default

    This $10-25 million back pay issue better not affect our dividends or well see below 40c

  5. #665
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,327

    Default

    Quote Originally Posted by percy View Post
    The fizz is out of the bottle.
    Their business model was based on discounting? Discounting bringing the price back to what I would call the normal retail price.
    As is in the case of most failed retail models rebranding costs a great deal and more often than not fails.
    Same store sales are flat or negative while overheads are increasing.
    Finally waking up years too late to online sales ,means that they are behind the pack here too.
    My own view is LOV have taken the low end of the market leaving either the middle or upper end to MHJ,and I doubt they will survive in either of those.
    A lot of clever people have lost a great deal of capital in the changing retail market.
    Different this time.?
    Above posted 23/10/2018.
    About right too.

  6. #666
    Member
    Join Date
    Feb 2004
    Location
    Wellington, , New Zealand.
    Posts
    335

    Default

    The Hill family must have most of their wealth invested in this business.
    They won't want to see that destroyed.

  7. #667
    Member
    Join Date
    Aug 2000
    Location
    Lower Hutt,NZ
    Posts
    180

    Default

    Quote Originally Posted by clearasmud View Post
    The Hill family must have most of their wealth invested in this business.
    They won't want to see that destroyed.

    The Hill family own nearly 50% of MHI

  8. #668
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,327

    Default

    Quote Originally Posted by clearasmud View Post
    The Hill family must have most of their wealth invested in this business.
    They won't want to see that destroyed.
    Share price has halved in the past year.
    So like us. they can see it being destroyed on a daily basis.
    Not good for any shareholder,large or small.
    Last edited by percy; 11-07-2019 at 06:10 PM.

  9. #669
    Member
    Join Date
    Mar 2013
    Posts
    89

    Default

    No doubt MHJ operate in a tough industry, and they haven't done well in the past a few years. But the Company have no going concern issues. For half year ended 31/12/2018, the company have $7.7m cash on hand and over $220m inventory, with only $28m bank loans. Assets very easily cover liabilities. With net tangible asset backing of 0.49 AUD per share. The Company is extremely safe and largely undervalued. Shareholders only need patience to wait share price rise from current level.

  10. #670
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,327

    Default

    Quote Originally Posted by Lease View Post
    No doubt MHJ operate in a tough industry, and they haven't done well in the past a few years. But the Company have no going concern issues. For half year ended 31/12/2018, the company have $7.7m cash on hand and over $220m inventory, with only $28m bank loans. Assets very easily cover liabilities. With net tangible asset backing of 0.49 AUD per share. The Company is extremely safe and largely undervalued. Shareholders only need patience to wait share price rise from current level.
    Consider their huge ongoing lease commitments.They are liabilities.
    Mall rentals are savage.Only way out is at renewal, or at the end of the lease.
    So huge liabilties to be funded from a broken business model.?
    Stock valuations .Take extreme care. Depends on a lot of variables.
    When a business is under pressure, stock loses value very quickly.
    Fixtures and fiitings become near worthless.

  11. #671
    Member
    Join Date
    Mar 2013
    Posts
    89

    Default

    Quote Originally Posted by percy View Post
    Consider their huge ongoing lease commitments.They are liabilities.
    Mall rentals are savage.Only way out is at renewal, or at the end of the lease.
    So huge liabilties to be funded from a broken business model.?
    Stock valuations .Take extreme care. Depends on a lot of variables.
    When a business is under pressure, stock loses value very quickly.
    Fixtures and fiitings become near worthless.
    Their performance actually has improved. The Q4 same store sales up 0.1%, reverse the last three quarters downward trend.

  12. #672
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,327

    Default

    Quote Originally Posted by Lease View Post
    Their performance actually has improved. The Q4 same store sales up 0.1%, reverse the last three quarters downward trend.
    Good effort,but too little too late.Lower margin means they are still behind.


    ps Have to go to the dentist at Papanui tomorrow.Will try and find time to check out the Lovisa [new store ] and MHJ stores at Northlands Mall.
    Last edited by percy; 11-07-2019 at 06:47 PM.

  13. #673
    Member
    Join Date
    Mar 2013
    Posts
    89

    Default

    Quote Originally Posted by percy View Post
    Good effort,but too little too late.Lower margin means they are still behind.


    ps Have to go to the dentist at Papanui tomorrow.Will try and find time to check out the Lovisa [new store ] and MHJ stores at Northlands Mall.
    Well, you view everything on MHJ is negative. That's fine. I agree MHJ is not good. But we buy/sell shares for the purpose of making money. At current level of SP, I think the majority of negative matters, if not all, have already been reflected. I don't think there are huge room for SP drop. Buy now and most likely can make profit.

  14. #674
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,327

    Default

    Quote Originally Posted by Lease View Post
    Well, you view everything on MHJ is negative. That's fine. I agree MHJ is not good. But we buy/sell shares for the purpose of making money. At current level of SP, I think the majority of negative matters, if not all, have already been reflected. I don't think there are huge room for SP drop. Buy now and most likely can make profit.
    Very negative.
    Was very negative on Postie Plus years before they fell over and were brought out of admistration.Shareholders lost everything.
    Been very negative on Smiths City for years.
    Been negative on MHJ for awhile now.
    Sitting on the fence with Briscoes and Hallensteins.
    Never liked KMD's business model.
    Still like Lovisa,but currently am avoiding retail ,building, and retirement sectors.
    Live in hope my Turners will turn around.
    Buy MHJ now ?...No.

    ps If you search Sharetrader threads you will see my posts on retail stocks.Every year or so a guy used to post a new thread."The King buys Postie."No sure which one you will find,but they all ended in sadness.
    Last edited by percy; 11-07-2019 at 07:11 PM.

  15. #675
    Member
    Join Date
    Mar 2013
    Posts
    89

    Default

    Quote Originally Posted by percy View Post
    Very negative.
    Was very negative on Postie Plus years before they fell over and were brought out of admistration.Shareholders lost everything.
    Been very negative on Smiths City for years.
    Been negative on MHJ for awhile now.
    Sitting on the fence with Briscoes and Hallensteins.
    Never liked KMD's business model.
    Still like Lovisa,but currently am avoiding retail ,building, and retirement sectors.
    Live in hope my Turners will turn around.
    Buy MHJ now ?...No.
    I'm just doing the opposite. I'm jumping into retail ,building, and retirement sectors.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •