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  1. #821
    Senior Member
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    Quote Originally Posted by winner69 View Post
    DCF comes in about 50 cents ....... extremely bullish case about 70 cents (hence my comment about heaps of hope built into share price)

    Yes these are turbulent times and MHJ could go anywhere.

    I think H1 sales are really disappointing. There's been no catch up on the so called $80m of lost sales in H220 - other retailers have all had a decent amount of catch up)

    But essentially I just can't see enough in the outlook to justify the current share price when its book value is about 40 cents
    I'm seeing potentially 40 million a year profit, 10c/share and 8c dividend. Agree?
    Only done a quick study.

  2. #822
    Guru Rawz's Avatar
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    I might need to re look at my model, when looking at previous years results it does depend on what you add back. All the past store closures and resulting impairments.. i added back $8m last year for example. No store closures this year, maybe..

    Anyways, I'm potentially seeing a FY21; $31m NPAT, 8c eps, 7 cent dividend (9% gross yield). P/E 9.9. DCF comes out at $1.03 for me.

    Management are hitting their cost saving targets with another $5m to be realized They are pivoting to a more modern retailer with an omni-channel customer offering- way ahead of the other jewelry chains. If we see continued margin improvement and continued same store sales growth shareholders are going to be receiving some impressive dividends in the years to come. And don't forget the super strong balance sheet.

    I'm a happy holder. Average buy in is low 40cents so easier for me I guess.

  3. #823
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    Yea I'm mid 40's, been buying in the way up.
    Appreciate your comments.

  4. #824
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    Oct 2017
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    Wellington
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    I completely forgot about the dividend paid today .

  5. #825
    Speedy Az winner69's Avatar
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    Quote Originally Posted by MauroNZ View Post
    I completely forgot about the dividend paid today .
    Better shout yourself something nice
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #826
    Guru Rawz's Avatar
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    Yes buy something nice. Like some more MHJ shares

  7. #827
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    Oct 2017
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    Quote Originally Posted by winner69 View Post
    Better shout yourself something nice
    Is not a lot so I was thinking maybe buy some SPK .

  8. #828
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    Quote Originally Posted by MauroNZ View Post
    Is not a lot so I was thinking maybe buy some SPK .
    6c drop. Was their ebit anno
    uncement of 43m confusing because it includes the "interest" part of the rent?

  9. #829
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    Jan 2013
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    Good bounce off the weekly 12ema which has been acting as support. Looks like the larger money is back buying on market. Expecting potential for 10% dividends at current price.

  10. #830
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    Quote Originally Posted by JohnnyTheHorse View Post
    Good bounce off the weekly 12ema which has been acting as support. Looks like the larger money is back buying on market. Expecting potential for 10% dividends at current price.
    Need another good bounce and some

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