MHJ - Michael Hill International

[winner (n)]

MHJ share price been in the dumps last few weeks - almost did the unbelievable and went sub $1

Price picked up the last week and now $1.20

The downtrend from February high of $1.52 now over and a new uptrend forming nicely.

Could see share price back to $1.50 pretty soon

Trading update in a week or so - expect good last quarter and full year sales >$800m. Might even get the good news about indicative profit as well. If that's all goo dshare price maybe 2 bucks by Xmas

[Cod]

Trading view has these at an analyst strong buy 1 yr price target at 1.73(au) - I have them around 1.80(nz) after the results end of Aug into Sept, lets see what happens.

[Left Field]

Latest update by MHJ.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MHJ/395383/374722.pdf

Did I read right? Achieved $590 mill sales revenue for the year versus Winners projected $800 mill (see above)?? Must be a mistake.

[Ferg]

Was the 8 a typo by winner?

This is especially pleasing to see: "Disciplined working capital management maintained throughout the year with no adverse supply chain impacts on stock levels, and a healthy net cash position at year end of ~$95m".  It shows good Management.

[LaserEyeKiwi]

Yes a typo from winner there - he was hoping for $600m+

Good trading update - I was estimating $580m.

$95m cash on hand - salivating at the capital return prospects here.

(All figures are in Australian dollars) 

[Cod]

Michael Hill takes a shine to lab-grown diamonds

The NZX/ASX listed retail chain, which operates 280 stores throughout New Zealand, Australia and Canada, first started selling lab-grown diamonds in 2020 and has seen sales within this category increase by more than 180 per cent. --NZ Herald 1-08-2022.

[Cod]

Key Financial Results • Group operating revenue increased by 7.0% to $595.2m (FY21: $556.5m), with ~10,000 lost store trading days in each of FY22 and FY21.
• Comparable earnings before interest and tax (EBIT) increased by 11.1% to $62.9m (FY21: $56.6m).
• Statutory net profit after tax increased by 13.9% to $46.7m (FY21: $41.0m1).
• Group gross margin increased by 200 bps to 64.7% (FY21: 62.7%), underpinned by our strategic initiatives.
• Healthy inventory levels to support elevated sales at $181.5m (FY21: $171.2m).
• Balance sheet benefited from strong operating cashflows and sale of the Canadian credit book, resulting in a closing cash position of $95.8m (FY21: $72.4m).
• Final dividend of AU4.0 cents per share declared, delivering total dividends for the year of AU7.5 cents per share.
• Board announces launch of an on-market share buy-back of up to 5% of the Company's issued capital

Very good result - current trading up 13.4% on FY21.

[Waltzing]

SBB Starting to look like a Rig a DIG DIG..

The Hoot n Holler is working over time on off market trades.

[Waltzing]

well WINNER() yes more action please it's ..

Oh yes its the BB of the century ... its the BB when your not having a BB...

Its UP and DOWN.... get with the BEAT ...

https://www.youtube.com/watch?v=hlv672jqbtE

[Waltzing]

Oh its very orderly if your the brokers...

its going swimmingly ...

like this swimmingly...

https://www.youtube.com/watch?v=Te3_VlimRw0

Sharks baby... coming to get you.....

Just how did we ***K this up so bad....

https://www.youtube.com/watch?v=LtFyP0qy9XU

Hear the Hoot N Holler ...

https://www.youtube.com/shorts/VV7nE4BrzRw

be first ....

https://www.youtube.com/watch?v=ag14Ao_xO4c

[Waltzing]

BB and the price goes ......

down?

[winner (n)]

Hey waltz - do you think they have realised they have overpaid for the zillions of shares they've already bought

No waiting for something like your $1 a share .... or willyou beat them to it at $1.05

It was so good when share price was in the mid $1.30's ....not so good today

[Waltzing]

W() someone put the kiss of the death on it saying BB usually drive the price down....

could it be that NZ is such a wild west that malls are not safe and the stores are from another era.

It reflects more upon the country than anything im afraid.

Makes one feel safe in LandsKrona with only a few Nazi's about. Actually once NZ is decolonised and every statue is rewritten and your votes are no more and the NZX i rerated to junk this might be the High of the decade ?

surely things cant get any worse....

But WAIT!  a susan paul moment!

cripes and the presentation is OUT!!

sales up by over 20 percent and low and behold BUYERS!!!! a couple of orders have been entered!!!

Yeah NUPE shes a sell at 145 if it gets there by March...

 Damn those buyers are back... lucky we bought a load already and wait to DUMP AGAIN!!!

[winner (n)]

OMG - things going fantastically at MHJ

From ASM Pleasingly, the business has delivered strong early performance for the first 16 weeks of FY23,
with Group all store sales up 27.5% against FY22.

As this period in FY22 was impacted by store closures in Australia and New Zealand, a more
meaningful reflection of the FY23 performance is that we have increased sales by 15.8% against
the same period in FY21, even with 8 less stores

[Waltzing]

Halt the Presses...

News Flash!!!!  Hear YEEEEEE....

play it again sam .....

https://www.youtube.com/watch?v=ozfkzgVjIlk