MHJ - Michael Hill International.

[clearasmud]

Pretty hard to take them over with more than 80% of ownership tied up with Hill family.

Don't you mean 55%

[Rawz]

[QUOTE=clearasmud;902547]Don't you mean 55%[/QUOTE

It is 80%.
Michael Hill 148m shares
Emma Hill 167m shares
Total shares 387m shares

Not much share price movement after the great FY announcement this morning. This is very typical of MHJ. It's like the market doesnt believe the numbers or something. Then over the next week or so the SP starts trending upwards. Be over $1 soon.

[Waltzing]

"Be over $1 soon."

lets hope so!

MHJ should get a big cheer from the investment community; champagne performance.

[sb9]

[QUOTE=Rawz;902565]

Don't you mean 55%[/QUOTE

It is 80%.
Michael Hill 148m shares
Emma Hill 167m shares
Total shares 387m shares

Not much share price movement after the great FY announcement this morning. This is very typical of MHJ. It's like the market doesnt believe the numbers or something. Then over the next week or so the SP starts trending upwards. Be over $1 soon.

Exactly, those are shareholding numbers I saw in this morning preliminary report. Outside Hills family, Chair Rob Fyfe holds another 2.6mln odd shares. So very tightly held register in all.

[Waltzing]

wont be surprised to see some of those sold off on a good performance.

no big institutional support means its only retail SHAZ that support it.

ACC dumped some recently.

some picked up by "Spheria Asset Management Pty Ltd"

Notices of performance securities in June.

[Crisis]

Hill R Michael Family	148,330,600	38.2%
Spheria Asset Management Pty Ltd.	50,814,123	13.1%
Regal Funds Management Pty Ltd.	19,370,415	4.99%
Mark Hill	19,156,926	4.94%
Emma Jane Hill	19,156,926	4.94%
Accident Compensation Corp.	18,922,378	4.88%
Fidelity Management & Research Co. LLC	5,404,289	1.39%
Robert Ian Fyfe	2,693,640	0.69%
Vanward Investments Ltd.	2,298,056	0.59%
Dimensional Fund Advisors LP	2,226,561	0.57%

[Rawz]

Crisis what is your source? Your link goes back to a ST post?

Everywhere I look says Emma/Mark Hill own 167m shares.

The Hills should mop up the rest of the shares for $1.50 and be done with it. It would cost them $116m. $70m cash in the bank. Banks would lend the rest. If it wasnt for the Hills large blocking stake private equity would have raid this company already.

Anyways. Waltzingman says he wouldnt be surprised to see Rob Fyfe sell down some of his holding. Probably deserves to giving he purchased over 1m shares last year around 37 cents. Might need to sell some of his 2 bagger to build a new deck. Fair enough.

[Crisis]

Apologies for the wrong link. Insider holding 51.7% and Free float 49.3%
Source: https://www.marketscreener.com/quote...88133/company/
or https://nz.finance.yahoo.com/quote/M...lders?p=MHJ.NZ

[Rawz]

Weird. Their report out today says different so I assume market screener (which likely feeds of yahoo) is incorrect? I assume the board members know their own holdings. ASB securities has the same as todays report.

BTW- I have found Yahoo to have wrong data in the past. last example i came across was on dividend data on HLG. It's historical data was incorrect when compared to dividendyield.co.nz website and when checking against annual reports the yahoo data was wrong.

[Waltzing]

well i am probably very wrong there as this might be the start of the performance curve and the share price is still pretty cheap.

in fact if these numbers stay why wouldnt the share price go past 1.50.