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15-10-2018, 03:55 PM
#601
Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
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15-10-2018, 04:07 PM
#602
Originally Posted by James108
Yup, -11% sss could do that if it lasts a year. That is probably worst case scenario though.
From a watchers perspective will be intriguing to see how bad this gets ...or maybe they’ll stabilise the ship (train wreck)
Michael Hill Jeweller and Tiffany in the same sentence .....that’s a bit of a stretch of the imagination.
One never knows one day this might be worth a punt ....maybe 40 cents
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-10-2018, 04:11 PM
#603
bigger lines of shares being dumped today, some one agrees with me, could we be sub .70 before todays day end ?
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15-10-2018, 04:19 PM
#604
The disclaimers at the bottom of today’s announcement may be close to the truth and an indication of the how the year going to play out
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-10-2018, 05:36 PM
#605
Originally Posted by whatsup
Approx $404 K turn over per store, high over heads and discounting could be a death sentence here , watch the next numbers closely for and worsening situation, if no up turn could be that a total restructuring is needed imo.
Bit better than that ...average store turnover about A$1.9m
Not that high really and your comments re overheads are relevant
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-10-2018, 06:05 PM
#606
Really UGLY and going to get a LOT UGLIER in my opinion. Product offer and business case is fundamentally flawed. 3% sales by ecommerce platforms is really pathetic.
The next Pumpkin Patch ? Not at any price for me Winner because I don't punt on mutts. I like watching train wrecks however because they teach you what NOT to do in business.
Last edited by Beagle; 15-10-2018 at 06:06 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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16-10-2018, 02:37 PM
#607
http://www.sharechat.co.nz/article/7...weak-saleshtml
Forward PE is 9 on FNZC forecast but I reckon their forecast is "brave"
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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16-10-2018, 04:40 PM
#608
Looks like .74 is the bottom for now, late flurry of buying atm.
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16-10-2018, 07:15 PM
#609
Retail expert says it’s good to see a retailer cutting back on discount ...good being an expert who knows everything eh
The comments under the article probably a better indicator of the uphill battle Michael Hill has
https://www.stuff.co.nz/business/107...paying-off-yet
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-10-2018, 11:23 AM
#610
Why would one pay a forward PE of 9 for a retailer that's swiftly contracting and there are real questions over the validity of their business model when one can buy a highly successful retailer on a pathway of solid growth with excellent stock turn like HLG for a forward PE of about 11 ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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