MHJ - Michael Hill International.

[Waltzing]

.95 its almost on a tear.. not quite rakon but Tortoise and the Hare..

[Rawz]

.95 its almost on a tear.. not quite rakon but Tortoise and the Hare..

Some good volume as well.

[Waltzing]

Havnt check the register but there is some profit taking going on that might last a while. Someone in the hill brigade probably still selling.

[Rawz]

Havnt check the register but there is some profit taking going on that might last a while. Someone in the hill brigade probably still selling.

All good for the free float. When they sold some in the 80's didnt seem to bother the market.

Buying still good at these levels. Looking forward to the $1 party we all been waiting for

[Waltzing]

" $1 party"

balloons, french champagne , dancing girls... had a french teacher called MANON. Glamour but did not drink champagne!


not expecting a dollar till xmas.

[clearasmud]

" $1 party"

balloons, french champagne , dancing girls... had a french teacher called MANON. Glamour but did not drink champagne!


not expecting a dollar till xmas.

1st Quarter sales out.
Looks quite good.
Compared to 1st qtr 2021 Margins, digital sales up but all stores revenue down due to much increased lockdowns.

[Rawz]

What the! Call the police. The update was dated 12th (yesterday) and released to ASX but not NZX??

I need to have a coffee but looks all good. If you want to know what AUS and NZ will look like coming out of lockdowns the CAN numbers is the crystal ball.

Commenting on the result, Michael Hill International Limited, Managing Director and CEO Daniel Bracken said: “I’m particularly pleased with our results, having delivered double digit same stores sales growth together with continued margin improvement for the quarter – marking our ninth quarter of positive same stores sales growth since FY19Q3. These results reaffirm our transformational agenda is enhancing all aspects of our business, broadening our omni-channel offering, elevating our brand and delivering growth. “Our strategic initiatives – driving elevated margins, an intense focus on costs, and strong digital and physical sales, have all combined to lessen the negative impact on earnings from sustained store closures across Australia and New Zealand. “Upon reopening, our Canadian business has been flying, delivering impressive sales and margin growth every week. This demonstrates that as territories reopen, the business is ready to meet the strong consumer demand, with the right inventory, engaged team members and appropriate safety protocols in place. We are looking forward to the progressive reopening of our NSW, VIC and Auckland stores, in readiness for the all-important trading period.”

Update can be found here: https://investor.michaelhill.com/

[winner69]

I take it when they say 'same store sales' they only count the stores that were open (not locked down) during the quarter ....other wise the numbers make no sense

Anybody know how it works

Yes, Canada impressive

Share price go over the buck today ....and start its march towards 125 by Christmas

[Waltzing]

Oh no just split my coffee... cant be right... oh no another share price going up..

No dont buy this share, terrible stock, worst stock , just a load of stones and glass.

Owned by some old guy playing Tchaikovsky on a wooden thing with pieces of horse hair..

[Rawz]

I take it when they say 'same store sales' they only count the stores that were open (not locked down) during the quarter ....other wise the numbers make no sense

Anybody know how it works

Yes, Canada impressive

Share price go over the buck today ....and start its march towards 125 by Christmas

Same store ignore the stores closed due to their store rationalization program.

How about 20% less trading days but only 10% down on pcp. And that’s all stores, so includes trading with 4 less stores. With margin expansion probably making very similar earnings to pcp.

Credit to management.