Not worth holding ...terrible .... if anyone wants to do an off market trade at 45 cents we can help...More locks downs coming for AUS and canada and all those shops closed.
Not to mention they are all sitting ducks for quick back up the truck into the shop and take off with a girls best friend.
Not worth holding ...terrible .... if anyone wants to do an off market trade at 45 cents we can help...More locks downs coming for AUS and canada and all those shops closed.
Not to mention they are all sitting ducks for quick back up the truck into the shop and take off with a girls best friend.
From the TRA thread and discussion re Michael Hill Shoes rawz said 'Wow didn't know! Funny how that article says the jewellery business in NZ was starting to level off back then in 1993'
Don't have 1993 financials but in 2000 Michael Hill sales in NZ were $63m .... 20 years on $106m .... grown at 2.5% pa ....could say volume leveled off and inflation kept sales revenue increasing (actually beat inflation of 2,2% pa)
Last edited by winner69; 13-08-2021 at 10:15 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
From the TRA thread and discussion re Michael Hill Shoes rawz said 'Wow didn't know! Funny how that article says the jewellery business in NZ was starting to level off back then in 1993'
Don't have 1993 financials but in 2000 Michael Hill sales in NZ were $63m .... 20 years on $106m .... grown at 2.5% pa ....could say volume leveled off and inflation kept sales revenue increasing (actually beat inflation of 2,2% pa)
Guess it goes to show how quickly a business can cover NZ.
Still heaps of growth left in Canada and lots in Aus.
Wonder what's next after MHJ conquer Canada and Aus. USA again? Or Europe. Or stay as is and just become a dividend stock.
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