MHJ - Michael Hill International

[Left Field]

MHJ finding it tough going..... margins down.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MHJ/424993/411178.pdf

[Cod]

Margin pressure but sales increase, nonetheless.
Not great, but perhaps less bad.
You cannot view this attachment.

[Waltzing]

Onwards and upwards in 2025-26...

those amazing GDP figures for NZ in those QTRS where there was growth in the eonomy appears no to be reflected in NZ sales then...

RBNZ did note they need some more timely numbers in their recent update yesterday to the markets...
 
Cost savings ...

" As a result, the company has taken direct
actions to reduce operating costs, including the exit of a number of senior management roles. "

 

[winner (n)]

Comparable eBIT down from 54m to about 30m this year ...that's not good

Put in the I and the T maybe NPAT will be about 18m

[Waltzing]

wait till HLG and other comes out ....

however it is rear view mirror half year and perhaps can expect another 12 to 24 months of tough sledding...

https://www.youtube.com/watch?v=odDXKegYTq8

2023 result... 11/10/2023,

[Waltzing]

winner()

Comparable EBIT – FY24H1 Group comparable EBIT is anticipated to be in the range of between $30m to $33m.

should be no problem to maintain the DIV..
 

[lorraina]

https://sendy.tarawera.co.nz/l/J6oLVth2f3f6IXNYvUBQEg/e8CfAbmY1jVzCQtDLYkCyA/6EQHq6fShJqlx4PtPwk2RQ

[Waltzing]

YUP  Diamonds may be forever, but jewelry stocks are cyclical...

the results will make for interesting reading ... probably more like 2025-26 before they bob up to surface again..

imagine a share price of 60 !!!!

[Waltzing]

Now one wonders if in fact the big new corporate head office was a thing of the past and in fact they will now be some empty hallways as they start to restructure..

lets hope ROB whips them into lean and mean shape and informs them about Debit and Credits...

Gold has been up and down lately but they may have had some cost blow outs ... time to put the head office to the grinder and slim it down ..

https://www.cnbc.com/2024/01/22/ubs-sees-a-10percent-spike-for-gold-this-year-as-rate-cut-speculation-swirls.html

[Waltzing]

Warning: post not directly related to this stock but Gold still in demand in many places in the world.

More gold stuff... and retail in India...

https://www.cnbc.com/2024/01/19/goldman-sachs-predicts-100-million-indians-will-earn-10000-by-2027.html

[lorraina]

Michael Hill's nearest store to India is Darwin.

[Waltzing]

There they go again ... smash and grab... the wild east.

https://www.nzherald.co.nz/nz/watch-bayfair-shopping-centre-evacuated-following-brazen-daylight-smash-and-grab/JZ72QJOZVFFGFGATVR5337VFEY/

[lorraina]

Indians.?

[winner (n)]

Indians.?

From Darwin lol ......but couldn't tell ... they had masks and hoods on hard to see through the fog

[KW]

There they go again ... smash and grab... the wild east.

https://www.nzherald.co.nz/nz/watch-bayfair-shopping-centre-evacuated-following-brazen-daylight-smash-and-grab/JZ72QJOZVFFGFGATVR5337VFEY/

I'm sure they're just victims trying to get over their childhood traumas.