Like Canada same store sales in local currency are shown as +2.9% but in actual fact they were DOWN 1.1% for the 3rd quarter. US sales up 2.7% for quarter v 7.3% YTD
Never mind the big picture is still all honky dory. Once Australia comes right just watch those increasing profits.
I cannot work out the fall in shareprice on this news today. Yes Australia is down, (to be expected) but overall sales revenues in local currencies are up in the other 3 jurisdictions and in total as well. Stores are increasing in number (organic growth) and for mine MHI are a steal at under $1.20. There may be a blip in FY15 but long term I think prospects look great. Especially if they can crack the US market.. Canada is already doing exceptionally well.
I would expect Canada sales to keep falling and this is a major market now. GDP growth has fallen since oil fell and check their retail stats.. not positive. Aus + Canada are 2 big markets that may struggle for a little bit.
Having said that I agree long term I think that MHi will do well, US sales is especially encouraging.
I've never understood the lack of enthusiasm for this stock. The company just keeps growing but this is not reflected in the SP. Could be a different story if and when the Emma & Roe figures are included.
I've never understood the lack of enthusiasm for this stock. The company just keeps growing but this is not reflected in the SP. Could be a different story if and when the Emma & Roe figures are included.
Patience by son.
Buy and hold since 2000 (15 years) gain is just over 10% pa plus dividends ----- and that is at current price of $1.10 which is 30% down from last years high.
Pretty good eh
Maybe now is a good time to buy into the long uptrend ....decent dip to enhance returns from this point
Uh oh, down to $1.
PE of 11.3 looking a bit cheap.
Expecting the 12 month trading update any day now. It normally comes out around the 10th day after each quarter.
Since it's a 12 month update, we'll get a good comparison of the previous full year.
Hoping to see some stabilization of all regions.
Uh oh, down to $1.
PE of 11.3 looking a bit cheap.
Expecting the 12 month trading update any day now. It normally comes out around the 10th day after each quarter.
Since it's a 12 month update, we'll get a good comparison of the previous full year.
Hoping to see some stabilization of all regions.
A buck is pretty low eh .......probably reflects that lack of enthusiasm for this stock
I wouldn't count on any dramatic price recovery from here.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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