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Thread: MHI Chart

  1. #616
    percy
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    Well they certainly do not use charts to time their share purchases.
    Business model looks broken to me.

  2. #617
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    Quote Originally Posted by percy View Post
    Well they certainly do not use charts to time their share purchases.
    Business model looks broken to me.
    Why do you say that , these guys are not mugs, imo the current " failed " business model can be changed and Im picking that is why they are there.

  3. #618
    percy
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    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.?

  4. #619
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    Totally agree, my family (especially mom) is a jewellery person and have really moved away from MHJ stores which they did like initially (15 years or so ago) but their "normal" prices of jewellery is ridiculous, they priced themselves in the "unique" "one off" "custom made" market on their higher end products which was basically stuff off the catalogue (they would even open the suppliers catalogue and show you the options and then charge to MHJ pricing. Family have all moved to smaller retailers who have better 18ct and 22ct jewellery and manufacture very small number of items which is what you want when spending 5-10k on jewellery IMO.
    The other part that really annoyed me with MHJ was their useless "life guarantee" on their pieces, yet whenever u have a problem there is ALWAYS a BS fine print about why they cant fix it without extra charges. There is ALWAYS an extra charge even though item is used less than 30 days.
    I personally didnt like some of their sales reps, too pushy for my liking.
    I just think they lost the plot along the way, products were just not in line with prices - our insurance company agreed on their valuations as well, hence they made use get external ones at our cost.

  5. #620
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    LAC said — I personally didnt like some of their sales reps, too pushy for my liking.


    No pushy pushy no going to Vegas. Some even get into the Gold Club (not that Sir Michael looks too impressed in one photo)

    Pages 16 and 17 Celebrating Success
    http://nzx-prod-s7fsd7f98s.s3-websit...470/287529.pdf
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #621
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    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  7. #622
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    Fell flat with me.
    Not convinced at all.
    Imagen Rod Duke at Briscoes coming out and saying no more sales,however, we intend to engage more with our customers.Utter drivel.
    Last edited by percy; 24-10-2018 at 09:25 AM.

  8. #623
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    Quote Originally Posted by percy View Post
    Fell flat with me.
    Not convinced at all.
    Imagen Rod Duke at Briscoes coming out and saying no more sales,however, we intend to engage more with our customers.Utter drivel.
    I was seduced by the aspirational words and ra ra etc and didn’t concentrate on the content / detail

    Percy, sounds like they going back to discounting and lots of promotions. From the CEO speech (from sharechat)


    "We have now moved to adjust our promotional activity for the balance of the financial year," he said. Hill said that management has implemented a "range of initiatives" to ensure strong performance during the key Christmas trading period.

    "We are in the mid-market and are up against strong discounting in all markets," Taylor said. "As such we will continue to have great offers and competitive pricing so our stores can continue to compete on a day to day basis,"

    http://www.sharechat.co.nz/article/9...st-of-yearhtml
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  9. #624
    percy
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    [QUOTE=winner69;734914]l

    Percy, sounds like they going back to discounting and lots of promotions. From the CEO speech (from sharechat)

    It is that or die.
    And it must be great product at a GENUINE discounted price.
    Challenging,in a very tough retail market.
    Last edited by percy; 24-10-2018 at 11:14 AM.

  10. #625
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    This is some serious insider buying...

    https://www.asx.com.au/asxpdf/201811...63bnv9nhhv.pdf

  11. #626
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    Indeed - not often a director spends $245K to more than triple her holding.

  12. #627
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    Quote Originally Posted by DarkHorse View Post
    Indeed - not often a director spends $245K to more than triple her holding.
    .....don’t forget Rob Fyfe bought half a million or so last week

    Buy when directors buy big they say
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  13. #628
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    Quote Originally Posted by winner69 View Post
    .....don’t forget Rob Fyfe bought half a million or so last week

    Buy when directors buy big they say
    Rest of market does not quite agree yet?

  14. #629
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    Quote Originally Posted by Balance View Post
    Rest of market does not quite agree yet?
    They eventually recognise that the new broom ----- ---. !

  15. #630
    percy
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    Quote Originally Posted by whatsup View Post
    They eventually recognise that the new broom ----- ---. !
    Can't get the fizz back into the bottle.

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