MHJ - Michael Hill International.

[LaserEyeKiwi]

Do you have inside info on MHJ plans Waltzing? Those are rather definitive statements to make if based on opinion.

meanwhile data says retail spending last month remains healthy:

Spending through Worldline's payments network amongst the rest of the core retail sector was $2.9 billion in April - up 4.1 per cent on the same time last year and 15.4 per cent on April 2019.

Worldline said these growth rates were similar to those seen in the previous five months.


"Spending in the rest of the Core Retail sector, which overall is far larger than Hospitality, is maintaining a growth momentum at present, at least in terms of total dollars being spent," Putnam said.


He said the average value of a payment transaction had increased since 12-months ago - consistent with generally higher prices.
The average value of April transactions through all core retail merchants in Worldline's network (excluding Hospitality) was $52.84, a 8.9 per cent increase since April last year and 11 per cent since April 2019.


"In April this year we saw spending at merchants selling discretionary products – such as clothing and footwear, or electrical goods – showing growth patterns very similar to earlier months, suggesting that any inflation-induced cutbacks in spending have been modest so far."

[Beau]

Do you have inside info on MHJ plans Waltzing? Those are rather definitive statements to make if based on opinion.
My thoughts exactly LEK Seems to write what just comes to mind with out any base to it or maybe he does have inside knowledge on MHJ dividend plans. Maybe uncle Michael

[Waltzing]

Just joking... hoping that the price will sell off in inflation panic but no sellers!!

Notice that NZ retail hasnt sold off today much at all.

The balance sheet alone adds value to the SP but one always hope the SHAZ doesnt actually read the Financial balance sheet sections.

Even if sales drop off the DIV will be maintained one thinks.

Cant we scare the SHAZ into selling? Like one economics commentator on CNBC commented about 4 percent required and talking about Volker....

Does the SHAZ even remember the 1970's.

Its the next 6 months thats the great unknown not April data.

Notice MR B has increased cash and will be hoping for some dismal data appearing in the next 6 to 12 months.

[sideline]

Hi there, TAX question about MHJ dividends:
if you own MHJ on the NZX, are dividends treated tax wise as any other NZ company
or is there a difference because it is headquartered in Brisbane??

[clearasmud]

Hi there, TAX question about MHJ dividends:
if you own MHJ on the NZX, are dividends treated tax wise as any other NZ company
or is there a difference because it is headquartered in Brisbane??

Dividends are treated as any other NZ company.
MHJ has its primary listing on the ASX and its secondary listing on the NZX but has fully imputed NZ dividends.
For Australian tax payers there are no franking credits at the moment, sad for them.
Reason is it looks as though MHJ load all head office overheads onto the Australian operation to reduce overall tax bill. Australian company tax rate 30%,NZ 28%) But I could be wrong about that.

[sideline]

Dividends are treated as any other NZ company.
MHJ has its primary listing on the ASX and its secondary listing on the NZX but has fully imputed NZ dividends.
For Australian tax payers there are no franking credits at the moment, sad for them.
Reason is it looks as though MHJ load all head office overheads onto the Australian operation to reduce overall tax bill. Australian company tax rate 30%,NZ 28%) But I could be wrong about that.

Thanks for the info.

[Rawz]

Warren Buffett said at the Birkshire Hathaway annual meeting the other day that jewelry businesses are usually terrible businesses but post covid they have all made super profits because of all the stimulus. People had so much money that they didnt know what to do with it.. jewelry business didnt even need to run sales and inventory days reduced massively because people were walking in, buying and walking out.

Obviously he's not including our MHJ in this generalization. Right?

[Waltzing]

Special DIV on this is a must.

[LaserEyeKiwi]

Warren Buffett said at the Birkshire Hathaway annual meeting the other day that jewelry businesses are usually terrible businesses but post covid they have all made super profits because of all the stimulus. People had so much money that they didnt know what to do with it.. jewelry business didnt even need to run sales and inventory days reduced massively because people were walking in, buying and walking out.

Obviously he's not including our MHJ in this generalization. Right?

Nope.

MHJ revenue was higher pre-pandemic (18 & 19) than in either of the pandemic impacted completed financial years (20 & 21).

Australia, New Zealand & Canada did not have any helicopter payments to consumers (only support payments in form of wage subsidies, and extended/upgraded unemployment benefits to those that lost their jobs). Meanwhile in the USA everybody received stimulus checks and there was also a massive amount extra given in the form of child tax credits (now finished).

So while Buffett was no doubt correct about USA jewelry chains, it did not apply to MHJ at all.

[clearasmud]

Nope.

MHJ revenue was higher pre-pandemic (18 & 19) than in either of the pandemic impacted completed financial years (20 & 21).

Australia, New Zealand & Canada did not have any helicopter payments to consumers (only support payments in form of wage subsidies, and extended/upgraded unemployment benefits to those that lost their jobs). Meanwhile in the USA everybody received stimulus checks and there was also a massive amount extra given in the form of child tax credits (now finished).

So while Buffett was no doubt correct about USA jewelry chains, it did not apply to MHJ at all.

Just topped up at $1 on the asx.