MHJ - Michael Hill International.

[Rawz]

MHJ doing it very tough. Wonder how low SP will go during this cycle

[winner69]

Weren’t even cash flow +ve ….operating - $1.7m outflow allowing for rents and capex of $17.0m

But still paying divies

[Rawz]

Weren’t even cash flow +ve ….operating - $1.7m outflow allowing for rents and capex of $17.0m

But still paying divies

Yes they will need to be careful not to load too much debt onto the balance sheet.

Margins down 400bp from post covid peak.

Tough tough trading.

Would rather own MHJ than WHS or KMD put it that way.

Retailer rankings- best top, worst last:

TRA
BGP
2CC
HLG
MHJ
BRW
KMD
WHS

[whatsup]

Yes they will need to be careful not to load too much debt onto the balance sheet.

Margins down 400bp from post covid peak.

Tough tough trading.

Would rather own MHJ than WHS or KMD put it that way.

Retailer rankings- best top, worst last:

TRA
BGP
2CC
HLG
MHJ
BRW
KMD
WHS

Are the chickens coming home to roost after all these years ?

[nztx]

Thought this lot were fair screaming along creaming it .. aside from Kiwi Ramraid central which was the
blight on top of the job


WTF went wrong so fast for things to suddenly turn to sh*t so badly ?

[nztx]

Are the chickens coming home to roost after all these years ?

It's the season to paint things Bad as - with as much in Losses & Red Ink as conveniently possible

Dig through the drawer for anything that needs to show some impairment or write downs

Tough times , high interest rates .. don't really want to cough up too much in Div's in volatile times

Dont worry about the sucker stakeholders out there .. the smart ones have probably already loaded
up high on generous Term Deposit rates anyway to be too much bothered with equities

[winner69]

Canada still seems a bit of a dog for them …..another global expansion failure?

[Ferg]

Funny you posted the exact 2 things I was looking for. It took me ages to find the NPAT - I ended up looking at the HY accounts to find it. And when you deduct lease payments from operating cashflows.....you know the rest.

Lots of pages but no mention of real profit, like NPAT

Found it …NPAT was $15.394m ….down 59% on pcp

Weren’t even cash flow +ve ….operating - $1.7m outflow allowing for rents

I like that you posted this:

Future looking good though

I'm starting to think some (all?) companies actually believe their own spin....given the numbers of times you have posted that I am convinced it is with your tongue planted firmly in your cheek. Not just MHJ but every other thread where I see this comment. Trying to not be cynical but it's hard to know what to believe.....even from those closest to the business operations.

[Waltzing]

Underlying EBIT is probably a better long term stats as other stuff can come and go.

Gold is slated to stay elevated for the next 24 months...

Inflation for sure means this one will be beached till people feel they can play in the sun again..

[whatsup]

B!oody RAM RAIDS have taken its toll, MHJ has spent $4 mil in security of its stores, sign of the times, judges soft of rat bags , sad and sorry country where the great unwashed rule.