MHJ - Michael Hill International.

[MauroNZ]

Not sure we are comparing apples v apples when looking at jewellery vs clothing retailers.

I suspect if MHJ was to break out the online spending of goods under $200 it would be comparable to HLG or KMD online sales as a % of total sales. Might be a better comparison.

Anyhow. I'm still bullish on MHJ and their turnaround. Especially with the master, Rob Fyfe, leading the board now.

Yeah I have same thoughts. In fact I regret selling WHS after years been underwater and then it recovered. My MHJ holding is still underwater but somehow I feel more positive about the company.

I have to say that I also pay close attention to your comments.

[Rawz]

Yeah I have same thoughts. In fact I regret selling WHS after years been underwater and then it recovered. My MHJ holding is still underwater but somehow I feel more positive about the company.

I have to say that I also pay close attention to your comments.

Don't listen to me. I don't know what I'm doing. Neither does anybody else. We should all invest in ETFs like the godfather of investing Mr Buffett says. But that wouldn't be any fun would it.

Disc. MHJ is my top holding. The last time I purchased shares was 11th March at $0.69.

[nztx]

I think I'd feel safer pretending I didn't read this thread, so as not to disturb golfing sessions
pondering if I missed something ..

Let's face it.. the Holes in One, Birdies & Eagles are far more enjoyable out on the green ..

[Waltzing]

Cheer up; gold and diamonds are for ever. For some reason people love buying these gems. Is the stock a little gem well we will all see soon enough. Its all sparkles so far for the current year.

[nztx]

Cheer up; gold and diamonds are for ever. For some reason people love buying these gems. Is the stock a little gem well we will all see soon enough. Its all sparkles so far for the current year.

but Lithium is running real fast -- faster than gems and bling out the door ..

Let us know when MHJ next delivers a humungous multibagger ..

[winner69]

KMD's announcement 24th March stated their on line sales accounted for 12.7% of revenue.
I would guess they have increased since then.
So MHJ's are less than half of KMD's.
LOV asx would make a better comparison,however I can not find their % of total sales.They did note they were up an incredible 311% for the year.

For what its worth in Australia online accounts for 16% of all non-food retail sales

[Waltzing]

GOLD and Diamonds are defensives but this one pays a dividend.

Its the numbers.

Well its paying a dividend this year anyway....

[percy]

[QUOTE=Waltzingironmansinlgescul;898182][COLOR=#333333]
GOLD and Diamonds are defensives but this one pays a dividend.

Buy a gold diamond ring from Michael Hill for $10,000.
Walk out of the store and try and sell it second hand.
Knowing MHJ and others in this sector operate on huge margins,you would be lucky to get $1,200 for it.
Good money down the tube.

[Dotbond]

Yep, many years ago a builder I know who did work on one of their stores said 700% markup on jewellery.

[clearasmud]

Interesting was the disconnect between the asx and nzx on Thursday and Friday morning.
MHJ. Ax at 80 to 83c and mhj.nz at 89 to 90c.
I think a few panicked due to all 3 eastern capital city MI hills closed due to lockdowns.
A few stoplosses were also hit.