MHJ - Michael Hill International.

[patsy]

quote:Originally posted by winner69

On Business Sunday today .... this conservative dude is 83% in cash ... BUT

Wayne Peters is a director of MHI and bought some $2M worth of MHI when the stock was around $4.5 for the fund he manages; this was before he launched PET in the AUX, his LIC.

[Halebop]

quote:Originally posted by winner69

Halebop good stuff and we seem to be on the same page ...

MHI have a great business model but like you our 'mean spirit' keeps us out at current prices

But isn't that what Snoopy's Buffett thing on the other channel was essentially saying

Thats cool. I wasn't being an argumentative B'tard. I just think Snoopy's assumptions were lowish and that drastically affected his "fair value" outcome when looking for a 15% return.

I suspect even the current share price would deliver 15%+ pa over the next 7 years or so. Not sure I'd want to be proved wrong though - at Snoopy's price I'd be committing a cardinal sin by averaging down!

All eyes on the next result then. Despite being a fanboy as a non holder a can't help wanting it to be a bit subdued!

[craic]

Down another 30 cps ouch! This has to be moving towards one of the bargains of the summer?

[stephen]

$7.20 is around fair value, based on what we know so far.

Once we hear the announcement, then we can say whether it's a bargain or not.

[KJ]

I wonder if they would consider a share split sometime?

[duncan macgregor]

Great how this share drops levels off then shoots up. It is almost like we were talking about different companies. Over reaction both ways will turn its self into a good buy when it stops down trending. macdunk

[Phaedrus]

[Gryffyn]

Another good chart thanks Phaedrus.

Any chance of one for GPG? Ideal share for chartists as it is so quiet on announcements and news.

[Liberty]

I bought yesterday on the basis of the trendline break. Stoploss set at 708. I wouldn't be surprised to see some resistance at around 780 though.

The trendline break nicely coincided with the good HY result announcement; thus fundamentally I am happy to continue trading this excellent stock.

KJ is right, it is no bargain, but the higher PE reflects, I believe, the history of the company in achieving steady, compounding growth.

I wonder at what point they might consider a share split to increase liquidity?

[rmbbrave]

MHI has fallen from over $8 to nearly $7 in a week!

Does anyone know if there is a special reason for this?