sharetrader
Page 41 of 242 FirstFirst ... 313738394041424344455191141 ... LastLast
Results 401 to 410 of 2416
  1. #401
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Another stellar 3 month performance? Same store sales up 3.8% whilst all stores up 8.7%. Good growth in Canada and the US.

    MHI
    11/10/2013 12:41
    QUARTER

    REL: 1241 HRS Michael Hill International Limited

    QUARTER: MHI: 3 months trading update to 30 September 2013

    3 months trading update to 30 September 2013

    The below figures represent 2 months accounting adjusted sales results plus
    September preliminary sales figures prior to final accounting adjustments and
    are unaudited. Same stores and all stores revenue figures stated below
    include the Professional Care Plan (PCP) revenues brought to income during
    the period. The PCP income recognition pattern is based on existing
    estimates and subject to ongoing management reviews and accordingly may be
    adjusted at half year and year end. The prior period PCP revenue stated below
    is included at the estimated amounts under the income recognition pattern
    used and reported on at the time.

    In line with the market announcement on 3 October 2013, the Group numbers
    below are reported in Australian dollars.

    Revenue from the sale of goods and services for the 3 months to 30 September
    2013:

    The following figures are in Australian dollars Last Year
    This Year % Var
    Australia same stores 59,543,829 60,183,650 1.1%
    New Zealand same stores 17,628,665 18,517,320 5.0%
    Canada same stores 9,399,281 10,818,542 15.1%
    United States same stores 1,775,706 2,155,811 21.4%
    Total same stores $88,347,481 $91,675,323
    3.8%

    Australia all stores
    61,369,042 64,718,588 5.5%
    New Zealand all stores 17,661,287 18,559,669
    5.1%
    Canada all stores 9,580,949 13,049,267
    36.2%
    United States all stores
    1,983,014 2,152,814 8.6%
    Total all stores $90,594,292 $98,480,338 8.7%

    Exchange rates used for the 3 months:
    New Zealand 1.28 1.15
    Canada 1.03 0.95
    United States 1.04 0.92

    The following figures are in local currency Last Year
    This Year % Var
    Australia same stores AUD 59,543,829 60,183,650 1.1%
    New Zealand same stores NZD 22,623,440 21,228,962
    (6.2%)
    Canada same stores CAD 9,710,436 10,284,027 5.9%
    United States same stores USD 1,841,461 1,973,756 7.2%

    Australia all stores
    AUD 61,369,042 64,718,588 5.5%
    New Zealand all stores NZD 22,665,410 21,277,326 (6.1%)
    Canada all stores CAD 9,895,766
    12,406,901 25.4%
    United States all stores USD 2,056,816 1,971,011 (4.2%)
    *
    * One store was closed in June 2013 hence the fall in revenue for "all
    stores"

    Revenue from sale of Professional Care Plans for the 3 months to 30 September
    2013:

    The following figures are in Australian dollars Last Year
    This Year % Var
    PCP revenue collected $5,069,333 $6,676,219
    31.7%
    PCP revenue brought to income $1,800,150 $3,929,059
    118.3%

    The Group achieved solid growth for the quarter finishing 3.8% up on last
    year for the same stores. Australia traded slightly up on the same quarter
    last year while Canada and the US continue to show good growth on a same
    store basis. Our New Zealand stores were unable to maintain the momentum
    shown in prior quarters and ended the period 6.2% down on the prior period.

    Cash flow remains strong and our Professional Care Plan product continues to
    deliver good cash flow to the business and is now also contributing solidly
    to the Group's overall results. The revenue from these plans is carried on
    the balance sheet as deferred revenue and is then brought to income over the
    life of the plans (3 year plans, and lifetime plans which are assigned 10
    year notional life for income recognition purposes).

    Sir Michael Hill 11 October 2013
    Chairman

    All enquiries should be made to Mike Parsell CEO phone +61 403 246655
    End CA:00242272 For:MHI Type:QUARTER Time:2013-10-11 12:41:28

  2. #402
    Member
    Join Date
    May 2013
    Posts
    59

    Default

    can someone from the black arts of technical trading explian todays 10% drop....anyone know something I dont?

  3. #403
    Senior Member
    Join Date
    Mar 2010
    Posts
    962

    Default

    yeah, weird. I jumped in and took out the rest at 1.39 before the bot could finish taking them all. Fall seemed to follow Dir selling a small lot from fam trust but hardly justifable.. Will see I guess. Tax issue?

  4. #404
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by boofters View Post
    can someone from the black arts of technical trading explian todays 10% drop....anyone know something I dont?
    I have no idea. Nibbled at 1.39 but only for a trade. But it seems weird considering no news out. Retail in NZ may be slow but most of MHI revenues come from off shore anyway. Do not often see bot trading in MHI so this is a bit of a surprise.

  5. #405
    Senior Member
    Join Date
    Mar 2010
    Posts
    962

    Default

    Think of all those lovely trinklets being bought for xmas by the xero and peb investors....

  6. #406
    Member
    Join Date
    Mar 2002
    Location
    dunedin, , New Zealand.
    Posts
    241

    Default

    TV advertising today has a christmas special of (I think) 20% off everything.
    Maybe it comes across as a fire sale for some sellers. Cheers

  7. #407
    Senior Member
    Join Date
    Mar 2010
    Posts
    962

    Default

    http://www.nbr.co.nz/article/michael...ears-bd-158901Michael Hill annual

    "sales rise at fastest pace in 3 years.....The stock is rated a 'buy' based on the consensus of three analysts polled by Reuters, with a target price of $1.64."
    Last edited by psychic; 08-07-2014 at 06:26 PM.

  8. #408
    Banned
    Join Date
    Sep 2012
    Location
    Christchurch
    Posts
    1,985

    Default

    Quote Originally Posted by psychic View Post
    http://www.nbr.co.nz/article/michael...ears-bd-158901Michael Hill annual

    "sales rise at fastest pace in 3 years.....The stock is rated a 'buy' based on the consensus of three analysts polled by Reuters, with a target price of $1.64."
    Agree it's a good result Psychic, esp when other retailers are waning, they've done well to diversify offshore over the last couple of years and now the tax overhang is resolved perhaps we will see MHI move forward.

    http://www.nzherald.co.nz/business/n...ectid=11230092

  9. #409
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by MAC View Post
    Agree it's a good result Psychic, esp when other retailers are waning, they've done well to diversify offshore over the last couple of years and now the tax overhang is resolved perhaps we will see MHI move forward.

    http://www.nzherald.co.nz/business/n...ectid=11230092
    A good result.Surprised me as I thought they were struggling.Nice to be wrong!

  10. #410
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by percy View Post
    A good result.Surprised me as I thought they were struggling.Nice to be wrong!
    I had thought the same thing, generally because retail is struggling and because the share price has been languishing. But I am very happy to be wrong. I wonder if they are going to raise the dividend again this FY. I really like the strong growth in Canada.

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
  •