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20-03-2019, 11:28 AM
#641
Originally Posted by sb9
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 11:30 AM.
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20-03-2019, 11:29 AM
#642
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20-03-2019, 11:52 AM
#643
Originally Posted by blackcap
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.
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21-03-2019, 02:19 PM
#644
Originally Posted by Balance
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.
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21-03-2019, 02:55 PM
#645
Originally Posted by sb9
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!
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25-03-2019, 02:33 PM
#646
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31-05-2019, 05:33 PM
#647
Member
Originally Posted by blackcap
Time to load up
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01-06-2019, 09:16 PM
#648
Member
I've been thinking of topping up given the low current price is.
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02-06-2019, 11:17 AM
#649
Originally Posted by percy
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.
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03-06-2019, 09:54 AM
#650
Originally Posted by blackcap
Plenty underwater to date
Might need to get heaps more to average down
”When investors are euphoric, they are incapable of recognising euphoria itself “
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