MHJ - Michael Hill International.

[Waltzing]

R F is there now and dont think he will let that happen. Dont like when they say looking to buy another Celtic Art Maker.

They dont have the record of success at such.

[LaserEyeKiwi]

They are operating a bit differently now, see the new dividend policy recently announced of returning 50%-75% of net income as dividends.

[Waltzing]

Should be paying a Special DIV.

[LaserEyeKiwi]

Should be paying a Special DIV.

Yes, Agree.

[Waltzing]

POUND the TABLE.

SPECIAL DIV!
SPECIAL DIV!!
SPECIAL DIV!!!

[LaserEyeKiwi]

POUND the TABLE.

SPECIAL DIV!
SPECIAL DIV!!
SPECIAL DIV!!!

I would be also be happy with a large share buyback instead.

[Waltzing]

Dont think the HILLS would go for it.

Special DIV would suite them also.

on issue only 388 million and say 50 million dollar buyback?

better off to up the DIV and Special Div on top of it.

unless sales fall off a cliff its very under valued by the inflation wild fires.

[winner69]

Signet must have a dud brand or two they thinking of hocking off ….MHJ might see Peoples Jewellers as a good fit and buy them.

[Waltzing]

with the DOOMS Day Book coming for the wealthy, the Hills might move somewhere.

Special Div big time and send if off shore from AUS .

Its hide the Jewels time coming soon.

https://apnews.com/article/business-...7ae03ae3d3a587

SP just slipped below 1.20.

[winner69]

New div policy implies $35m divie - less $13m already paid - leaves $22m to be paid re F22

Still have $80m in bank - do a $60m buyback

Say average cost $1.30 that's 46 million shares (might need to a prorata sort of deal and return cash and cancel shares)

Reduces number of shares to about 340 million

F23 earnings $50m --- ie a EPS of 14.5 cents (v 12.8 based on current number of shares) ... and shareprice in years time $2.00

So from $1.20 odd get another 3 more divies totalling 20 cents and equivalent of 16 cents from buyback .... and late next year the shares you still have worth 2 bucks

What can go wrong .... nothing