MHJ - Michael Hill International.

**coge** · 05-04-2006, 02:01 PM

Strange how MHI always lags behind the NZX. Then it plays catch up.

**Halebop** · 23-05-2006, 05:24 PM

In a very strangely worded announcement, Australian listed Jeweller Angus & Cootes (Holdings) Ltd announced they wouldn't be making any money for the year. (Actually they said the profit would be "below breakeven").

First half profits were soft, down 37% to $6.1m. This implies a horrific 2nd half result.

Awaiting the next MHI trading update with interest.

**rmbbrave** · 15-08-2006, 11:13 AM

MHI has dropped down to 7.15.

Has a half year result been released.

I have had good result trading MHI every 6 months or so.

Is it time for another trade?

**winner69** · 24-08-2006, 11:21 AM

quote:Originally posted by stephen

Yes, I'm regretting not buying around $7 but I hadn't the spare cash, and couldn't decide what I would rather sell to fund it.

Spose no regrets now Steph

What do you think of the result Belg ... bit disapoointing ... even though expected

Great company and all that and knows about what it is on about

But not a good investment over the last two years .... share price gone nowhere .... as the highly inflated pe ratio back late 2004 gats unwound to more respectable levels

On this earnings still a pe of 17 so shareprice unlikely to go anywhere for a while yet ... in this cycle anyway

Looks like MHI stays on the watchlist ... and review in a years time.

**Pennywise** · 24-08-2006, 12:47 PM

quote:Originally posted by belgarion

Those who didn't pick up below $7 - Why not?
Those who still didn't pick up between $7 and $7.50 - Why not?
Those still not looking for a few more - Why not?
Those who haven't got a clue what Im talking about should whack current fx-rates into their spreadsheets.

discl: laughing

Can't you see W69...Belgs Laughing...all the way to the funny farm.

BTW...love the line on the "spreadsheet" Belg.

**Halebop** · 24-08-2006, 03:45 PM

Looking forwards to seeing the full results in detail. It was reasonably apparant results would be flat'ish. Secretly I thought they might sqeak an increase but hadn't factored a "same sized" loss from the Canadian operation. Despite the flat numbers the qualitative differences between MHI and ANC are highly apparent. Wonder how the privately owned Prouds are doing?

Last time MHI delivered a flat result a few years back the market got morose about them and the share price suffered for a year or so. I'd expect the same this time round and like W69 will keep them on the medium term radar. Canada still seems on track and I'm reminded how long it took Australia to really start firing. Quite a few store openings in OZ this soft trading year, probably didn't help the short term bottom line.