MHJ - Michael Hill International.

[winner69]

JobKeeper in OZ …..I note in this notice that MHJ said NO to whether they had made any voluntary contributions to the Commonwealth

Good for shareholders ….probably made on the deal

http://nzx-prod-s7fsd7f98s.s3-websit...804/359184.pdf

[percy]

JobKeeper in OZ …..I note in this notice that MHJ said NO to whether they had made any voluntary contributions to the Commonwealth

Good for shareholders ….probably made on the deal

http://nzx-prod-s7fsd7f98s.s3-websit...804/359184.pdf

A lot of money involved.
Over $23.5 mil.

[Waltzing]

Lovely adverts on Rialto..

[Rawz]

A lot of money involved.
Over $23.5 mil.

You reckon any of that boost profits vs replaces what they would have otherwise earned if it weren’t for the lockdowns?

[winner69]

You reckon any of that boost profits vs replaces what they would have otherwise earned if it weren’t for the lockdowns?

Don’t know what Percy would say …..but I reckon boosted profits

[percy]

You reckon any of that boost profits vs replaces what they would have otherwise earned if it weren’t for the lockdowns?

I certainly do.
I would point out I am disgusted at the number of very profitable Australian companies I own shares in,who have claimed huge amounts of Jobkeeper payments,and then pay increased dividends..
All very legal,but in my opinion immoral.
Pleasing seeing the ASX making companies declare them.

LOV claimed $18mil compared to MHJ's $23.5 mil.

[Rawz]

I think W69 and Percy are right but havnt a clue how much the number is. Time will tell i guess

SP still strong bang on $1.20. What a run it has had.

I must admit I have sold a few MHJ last week. It was my largest holding for a long time but now is a more comfortable 10% of my portfolio. I guess nobody should have MHJ as their top stock position apart from the Hill family. But heck, it was severally undervalued for so long, hard not to. Now trading on better metrics so time to take some bags off the table.

I personally still believe in this turnaround story and am looking forward to half year result and the announcement of the new online sales avenue. Hence the healthy 10% position down from over 30%.
Margins still have 100bp to run to get back to historic levels.

Over the last 3 years branded sales have increased from 32% to 42% and digital sales $16m to $34m.
Revenue per store increased from $1.86m to $1.95m.
Cash from -$24m to $72m
Profit from $16m to $45m

What a company.

[Waltzing]

Cultured Man Sir MH.

very Nice adverts.

[Waltzing]

What goes up must come down... 1.10... BUY..

[sb9]

What goes up must come down... 1.10... BUY..

Like you been waiting for your fill from 89c lol