MHJ - Michael Hill International.

[JohnnyTheHorse]

Nice bull flag on the weekly/monthly chart looking for confirmation with a break of 90 cents. Large crossings were going through yesterday at 90c which has got my attention.

Still maintain my long term holding and looking to add trading position if it looks like 90 cents will break.

Still grinding it out at that resistance zone. Depth looks like the bulls are making headway, but lets see if we can get that solid break to push to $1.00.

[sb9]

Still grinding it out at that resistance zone. Depth looks like the bulls are making headway, but lets see if we can get that solid break to push to $1.00.

Low volume push up on ASX at close y'day to AU 88c, which is about NZ 95c.

[Rawz]

The joy of it. My biggest holding back around the $0.70 mark. Now way overweight

Won't be trimming until the boarders are fully re-opened
or
GP margins hit 65%. At 65% they are probably redlining

MHJ touched a low of $0.68 today. Lucky whoever got a few at that price. Has since swung back to $0.71.

Should get a Q3 trading update within the next 2 weeks.

Hoping to see:
- Margins over 63%
- Same store sales up over 10%
- Online sales continuing its 100% pcp growth

Have been accumulating and MHJ is now my biggest holding

[winner69]

Another hold up / burglary

Seems a common occurrence

Probably reflects Michael Hills huge market presence

https://www.stuff.co.nz/national/cri...ry-and-watches

[clearasmud]

Another hold up / burglary

Seems a common occurrence

Probably reflects Michael Hills huge market presence

https://www.stuff.co.nz/national/cri...ry-and-watches

Winner, this is a sign that jewelry is in big demand at the moment.

[sb9]

Winner, this is a sign that jewelry is in big demand at the moment.

https://www.nzherald.co.nz/nz/michae...W56XGWKDWOXRQ/

Looks like they got very clear images of the robbers.

92c proving to be big resistance currently. Hopefully upcoming trading update should break that through.

[JohnnyTheHorse]

Q4 update should be out in the next day or two. Given spending figures over previous months I am expecting a strong result. Covid situation in Australia may start slowing things down though, but probably offset by Canada opening back up. Tightening on the chart continues so is well positioned for a move once the announcement is released (I can't tell you whether that'll be up or down though).

[Ltw]

I'm Quietly confident JTH, fingers crossed

[JohnnyTheHorse]

At first glance a really solid result given the number of store closures. Net cash position of ~$70m so should enable healthy ongoing dividends. Spheria will be quite happy I'm picking. Let's see if this breaks the consolidation for a push to the $1 psychological level.

“I’m very pleased with our Q4 results – sales growth in all markets, increased margins, and an outstanding performancefrom our bricks and mortar stores delivering almost 20% same store sales growth for the quarter. Setting aside the globalstore network closure in 2020, Michael Hill has now delivered eight consecutive quarters of positive comp sales growth,together with sustained margin expansion.

This performance provides further evidence that our strategic transformation agenda is on track and delivering. We’veseen record digital sales, our loyalty program going from strength to strength, further deployment of omni-channelinitiatives, and continued evolution of our product offering, go-to-market campaigns and retail fundamentals."

http://nzx-prod-s7fsd7f98s.s3-websit...746/350440.pdf

[sb9]

At first glance a really solid result given the number of store closures. Net cash position of ~$70m so should enable healthy ongoing dividends. Spheria will be quite happy I'm picking. Let's see if this breaks the consolidation for a push to the $1 psychological level.



http://nzx-prod-s7fsd7f98s.s3-websit...746/350440.pdf

Agree, really solid performance.