MHJ - Michael Hill International.

**JohnnyTheHorse** · 16-07-2021, 10:11 AM

Market liking the result so far, up 4.6% (albeit on low volume, however sell depth is very very thin). Testing the 91/92c resistance area. A break should see the quick run to 100.

**winner69** · 16-07-2021, 10:20 AM

Solid indeed

Sometimes I think such announcements are met with relief rather than what the metrics say ....like good that things haven't turned to custard

**Ltw** · 16-07-2021, 10:46 AM

Fantastic result some solid growth and mazing with the amount of store closed days. very happy

**JohnnyTheHorse** · 16-07-2021, 10:54 AM

Originally Posted by winner69

Solid indeed

Sometimes I think such announcements are met with relief rather than what the metrics say ....like good that things haven't turned to custard

Can be a bit like that with companies that disappointed investors for many years eh. Gaining that trust back...

**Rawz** · 16-07-2021, 11:07 AM

Margins holding which is nice to see. Still closing stores which I was hoping they were done with. Opened a new one. Management seem to be dialed into the optimal metrics a store should be performing at and if not performing it is cut. Laser focus on costs and margins. Good stuff.

Is it just me or do you kinda need to read their announcements multiple times to get a true picture of how they are going? They like to use same store which is good and then 'All stores' as a measurement, changing/adjusting pcp numbers. Looking forward to seeing the annual report.

Overall things are tracking in the right direction. Management performing exceptionally well. The business is selling as much as 2016 but making twice the profit! How good. $70m in the bank, they could ramp up dividends to 8 cents per share p.a.

**percy** · 16-07-2021, 11:58 AM

A very strong result.
Online sales enjoying strong growth,and at only 6.2% of total sales there is plenty of growth to be found in this channel.Should be aiming for 30% of revenue.