MHJ - Michael Hill International.

[winner69]

About 120/130 a year or so ago ....all the way to 180 plus ....and now 120/130 again

Amazing

Hope some of you got the 50% gain and didn't see the market taketh it away

[DarkHorse]

I see Fisher Funds just bought 6.5 million shares.
I'd be interested to hear any of your views, low risk and good upside at current prices?

[percy]

Bling sells.
A few comparisons for you,between MHJ and LOV [asx].Both target different sectors of the market.
..........................MHJ..................... ........LOV.
Market cap. NZ $445.5mil...................AU $403.2 mil
PE ratio................21.5......................... ......17.4
Yield................NZ 4.52%........................AU 3.13%.
Market........medium price......................low price.
To get a better understanding of both, you need to find out the pay back period for new stores.LOV is about a year.I would expect MHJ is about 3 years.
The market.Maybe MHJ may face competition from on line sellers,while Lovisa's is teen spending,who want it now,and can afford to buy it now .
The set up cost of each LOV store is not a great deal,and they can operate from very small stores.The value of their stock holding per store would be a fraction of MHJ's.
MHJ have been very clever retailers,however I think LOV are smarter.

[stoploss]

Percy I think that Teen spending want it now and can afford it now ....it's going on a credit card !!!

[hardt]

Bling sells.
A few comparisons for you,between MHJ and LOV [asx].Both target different sectors of the market.
..........................MHJ..................... ........LOV.
Market cap. NZ $445.5mil...................AU $403.2 mil
PE ratio................21.5......................... ......17.4
Yield................NZ 4.52%........................AU 3.13%.
Market........medium price......................low price.
To get a better understanding of both, you need to find out the pay back period for new stores.LOV is about a year.I would expect MHJ is about 3 years.
The market.Maybe MHJ may face competition from on line sellers,while Lovisa's is teen spending,who want it now,and can afford to buy it now .
The set up cost of each LOV store is not a great deal,and they can operate from very small stores.The value of their stock holding per store would be a fraction of MHJ's.
MHJ have been very clever retailers,however I think LOV are smarter.

MHJ is likely to have underlying NPAT around $30m-36m in FY17 - at $1.15 = PE 12-14

With continued growth "EXPECTED" moving forward, It is not the worst idea to look this way.

It is creeping into buy territory for me personally, but not quite yet.

Brick and mortar is still the most effective way to sell mid-high ticket jewelry...

[percy]

Percy I think that Teen spending want it now and can afford it now ....it's going on a credit card !!!

Yes,but what I really meant was, they don't think twice about buying "bling" for $20 to $30,while they are not in the $300 plus "bling" market.

PS.Lovisa have a number of stores in NZ.Well worth a visit.

[percy]

As I have not followed MHJ for a good number of years I am finding looking at them again interesting.
I have been using www.4-traders.com to do some comparisons with Lovisa.At first look they both look to be buys.
..........................2017.................... ............2018.................................. .2019
LOV.eps ...............19.9............................... ..27.3 .................................30.1
........eps growth......................37.4%................. ...............10.2%
MHJ.eps.................9.02...................... ............10.2.................................. 11.4
........eps growth.......................13%.................. .................11.7%
LOV.pe..................18.6...................... .............13.6................................. ..12.3
MHJ.pe...................12.6..................... ..............11.1................................ ...9.93
LOV. roa.................68.5.......................... ..........57.2
MHJ.roa...................14.2.................... ...............14.5
Net margin.ie Net profit/revenue.
LOV........................15%.................... ..............13.8%
MHJ.........................5.60%................. ..............5.9%

[Brain]

I like my dividends to be imputed. I sold this share when that was no longer the case.

[winner69]

As I have not followed MHJ for a good number of years I am finding looking at them again interesting.
I have been using www.4-traders.com to do some comparisons with Lovisa.At first look they both look to be buys.
..........................2017.................... ............2018.................................. .2019
LOV.eps ...............19.9............................... ..27.3 .................................30.1
........eps growth......................37.4%................. ...............10.2%
MHJ.eps.................9.02...................... ............10.2.................................. 11.4
........eps growth.......................13%.................. .................11.7%
LOV.pe..................18.6...................... .............13.6................................. ..12.3
MHJ.pe...................12.6..................... ..............11.1................................ ...9.93
LOV. roa.................68.5.......................... ..........57.2
MHJ.roa...................14.2.................... ...............14.5
Net margin.ie Net profit/revenue.
LOV........................15%.................... ..............13.8%
MHJ.........................5.60%................. ..............5.9%

MHJ definitely worth a look at at current prices.

[percy]

MHJ definitely worth a look at at current prices.

My enthusiam for MHJ has waned.
10th April MHJ update.Same store sales up 0.8%.ie under 1% growth.
1st May LOV uodate.Same store sales up 10.9%..Now that is real growth.