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26-02-2020, 04:38 PM
#711
Member
Originally Posted by Lease
Operating profit margin now close to 10%, and last year it was only 3.7%. Now MHJ is at net cash position. Impressed.
Yes that was a surprise!.
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03-04-2020, 12:01 PM
#712
MHJ getting slaughtered with the covid bottom atm is .23 now @ .25, retail is not a good business model .
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03-04-2020, 12:17 PM
#713
Member
Originally Posted by whatsup
MHJ getting slaughtered with the covid bottom atm is .23 now @ .25, retail is not a good business model .
I think is not the only one, if you look around most of the business are suffering.
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03-04-2020, 12:21 PM
#714
Originally Posted by MauroNZ
I think is not the only one, if you look around most of the business are suffering.
Agree, but this heading is for MHJ.
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04-04-2020, 05:30 PM
#715
Member
Originally Posted by whatsup
Agree, but this heading is for MHJ.
ACC picked up some cheap shares and increased it's holding
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05-04-2020, 01:10 PM
#716
Member
Originally Posted by whatsup
Agree, but this heading is for MHJ.
MHJ is at net cash position and now defer to pay interim dividend. With government subsidy, MHJ should be able to go through if Covid-19 can pass at next a few months.
Probably a buying opportunity as now SP/NTA=0.57. Normally the ratio is >1
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05-04-2020, 01:27 PM
#717
Originally Posted by Lease
MHJ is at net cash position and now defer to pay interim dividend. With government subsidy, MHJ should be able to go through if Covid-19 can pass at next a few months.
Probably a buying opportunity as now SP/NTA=0.57. Normally the ratio is >1
At this time it probably shouldn't be Net Tangible Assets, but Net Realisable Assets.
Although don't expect will get to that stage.
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05-04-2020, 09:33 PM
#718
Originally Posted by Sideshow Bob
At this time it probably shouldn't be Net Tangible Assets, but Net Realisable Assets.
Although don't expect will get to that stage.
Ahem cough... shouldn't it always be Net Realisable Assets? and never NTA? I find NTA to be an accounting construct that is mostly unhelpful.
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08-04-2020, 09:39 PM
#719
Deep value play here anyone?
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15-05-2020, 11:31 AM
#720
This is the Michael Hill thread.
Please delete the other one Timesurfer,or post your posts here.
Last edited by percy; 15-05-2020 at 11:32 AM.
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