MHJ - Michael Hill International.

[nztx]

so no fake or deferred dividends this time huh ?

I think I'll stay put with what the hounds like

Happen to remember when MHJ were sub 50 cps & huge div yield at the time
then the balloon went up and an earlier pre Covid storm blew through the door

the rest isn't worthwhile the mention

[Waltzing]

Numbers are just numbers.

Its a percentage game. If you bought Lov at 4 and you sold at 4nx then you are going to LOVE IT.

it may pull back and move even higher but at 80 its likely to bounce around for a while till the next set of numbers are released.

If MHJ are in profit for all its regions its SP will move higher.

Results are just results.

MHJ has some history.

That is what markets are and its called Risk.

It also pays to have contacts inside industries.

[Rawz]

LOV and MHJ are simple different companies. No point in comparing.
LOV is a fashion company. Should compare it to zara or H&M in my opinion.
Cant seriously call it a Jeweller.

LOV has big growth priced in. Miss those targets and it be back to $4. Hit em and percy probably going to turn the $90k into $450k.

[Waltzing]

Mr P is a legend.

SKL not withstanding.

Yep LOVISA and MHJ are different but are both retailers.

Profit is only profit when you bank it.

I shop H&M in sweden and its a general fashion retailer with terrible cheap glasses. I always bring them back as presents! Usually use their big bags for stuffing gear in big bike wheelie bags.

LOVISA...

lov.jpg

[winner69]

After 7 weeks they said total sales down 2% with EBIT impact of $5m

Full quarter sales down 10% …I assume EBIT impact a lot more than $5m …..maybe $15m?

I’m starting to get concerned

[Rawz]

W69 remember the subsidies thou.

Let’s see what Aussie do coming out of lockdown. Canada bounced back 18-19%

[Waltzing]

Whole retail sector will surely take a hit.

this stock will attract the SHAZ buyer and thats what you want.

They will BUY AIR and they will buy MHJ.

Think of yourself as their wholesaler and you will sell to them when the news is really good.

Or you will dump if it all goes tits up.

[clearasmud]

Whole retail sector will surely take a hit.

this stock will attract the SHAZ buyer and thats what you want.

They will BUY AIR and they will buy MHJ.

Think of yourself as their wholesaler and you will sell to them when the news is really good.

Or you will dump if it all goes tits up.

That's correct.
This stock has a pattern of spike then Pullback.

[Waltzing]

A lot of retail stock patterns oscillate.

MHJ is or was a distressed assets.

Retail can be very cyclical.

[winner69]

W69 remember the subsidies thou.

Let’s see what Aussie do coming out of lockdown. Canada bounced back 18-19%

Yeah forgot those

F21 sales went up 64m (the great pent up demand story) but they still collected 20m odd in wage subsidies and rent relief

Some would say instead of making 45m ‘look through’ profit was only 30m

That would put them on a PE of 13 …maybe that’s how market thinks …market switched on eh.

Never mind all that …they tell a great story with big %age increases mentioned and use all the right words (often) …..and the chart is looking good ……so no worries as 130 share price by Christmas