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Thread: MHI Chart

  1. #601
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    Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.

  2. #602
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    Quote Originally Posted by James108 View Post
    Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
    From a watchers perspective will be intriguing to see how bad this gets ...or maybe they’ll stabilise the ship (train wreck)

    Michael Hill Jeweller and Tiffany in the same sentence .....that’s a bit of a stretch of the imagination.

    One never knows one day this might be worth a punt ....maybe 40 cents
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  3. #603
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    bigger lines of shares being dumped today, some one agrees with me, could we be sub .70 before todays day end ?

  4. #604
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    The disclaimers at the bottom of today’s announcement may be close to the truth and an indication of the how the year going to play out
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  5. #605
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    Quote Originally Posted by whatsup View Post
    Approx $404 K turn over per store, high over heads and discounting could be a death sentence here , watch the next numbers closely for and worsening situation, if no up turn could be that a total restructuring is needed imo.
    Bit better than that ...average store turnover about A$1.9m

    Not that high really and your comments re overheads are relevant
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #606
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    Really UGLY and going to get a LOT UGLIER in my opinion. Product offer and business case is fundamentally flawed. 3% sales by ecommerce platforms is really pathetic.
    The next Pumpkin Patch ? Not at any price for me Winner because I don't punt on mutts. I like watching train wrecks however because they teach you what NOT to do in business.
    Last edited by Beagle; 15-10-2018 at 05:06 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  7. #607
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    http://www.sharechat.co.nz/article/7...weak-saleshtml

    Forward PE is 9 on FNZC forecast but I reckon their forecast is "brave"
    No butts, hold no mutts, (unless they're the furry variety).

  8. #608
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    Looks like .74 is the bottom for now, late flurry of buying atm.

  9. #609
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    Retail expert says it’s good to see a retailer cutting back on discount ...good being an expert who knows everything eh

    The comments under the article probably a better indicator of the uphill battle Michael Hill has

    https://www.stuff.co.nz/business/107...paying-off-yet
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #610
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    Why would one pay a forward PE of 9 for a retailer that's swiftly contracting and there are real questions over the validity of their business model when one can buy a highly successful retailer on a pathway of solid growth with excellent stock turn like HLG for a forward PE of about 11 ?
    No butts, hold no mutts, (unless they're the furry variety).

  11. #611
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    Well an argument could be made for taking more than last years earnings into consideration. In which case the 'average' p/e of HLG is considerably higher.

    In any case I hold more HLG than MHJ.

  12. #612
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    Quote Originally Posted by winner69 View Post
    Hard to fix when you try to turn a slow moving train wreck around

    I blame Rob Fyfe influence

    Rob must have been upset with my comment

    Bought 700,000 shares

    BUY WHEN DIRECTORS BUY
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  13. #613
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    Quote Originally Posted by winner69 View Post
    Rob must have been upset with my comment

    Bought 700,000 shares

    BUY WHEN DIRECTORS BUY
    I think the other director bought some as well, but not as many as Rob. Yeah a buy signal if I ever saw one.

  14. #614
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    Quote Originally Posted by winner69 View Post
    Rob must have been upset with my comment

    Bought 700,000 shares

    BUY WHEN DIRECTORS BUY

    any idea at what price ?

  15. #615
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    Quote Originally Posted by whatsup View Post
    any idea at what price ?
    72 cents.

    Well, gotto to say that 700,000 shares buy a lot of credibility so time to have a close look at this one!

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