MHJ - Michael Hill International

Started by winner (n), Jul 05, 2022, 02:44 PM

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KW

#121
Jan 28, 2024, 02:00 PM
Quote from: winner (n) on Jan 28, 2024, 01:02 PMAnd now Silverdale

https://www.nzherald.co.nz/nz/silverdale-mall-smash-and-grab-michael-hill-jewellery-store-hit-again/LYPUGYOGNFAUJMYQH6D65JXQLE/

The good news is that ram raids are down.  If you don't use a car, its not a ram raid, right?  Smash & Grab are the new ram raids - much more civilised hours and you dont have to go to the bother of stealing a car.

The future of jewellery stores is going to be like the US, shops locked up and behind metal grills, entry is by invitation only.
Don't drink and buy shares in a downtrend, you bloody idiot.

lorraina

#122
Jan 28, 2024, 04:22 PM
It was basically like that here before MH changed the model to "open plan" with no front door.

Waltzing

#123
Jan 28, 2024, 04:27 PM Last Edit: Jan 28, 2024, 05:28 PM by Waltzing
Missed this one ...

https://www.odt.co.nz/star-news/star-national/michael-hill-jewellers-store-robbed-broad-daylight

I know a Sri Lankan doctor who Waltz's  would object to sub continent peoples being blamed...

Must ask where she buys her bling... on tuesday evening at Viennese Waltz. She will also being coming with us regulary to Auckland for Waltz...

For those who have no interest in the subcontinent you can start here for sri lankan.

https://en.wikipedia.org/wiki/History_of_Sri_Lanka

WZ

KW

#124
Jan 29, 2024, 05:07 PM
Funny, but just watched the latest episode of Law & Order SVU (2024) and it was about the proliferation of gangs committing smash & grabs in stores in broad daylight.  Seems like its a global trend, probably helped along by the fact that they film themselves doing it for tik tok views.
Don't drink and buy shares in a downtrend, you bloody idiot.

Left Field

#125
Feb 01, 2024, 05:52 PM Last Edit: Feb 01, 2024, 05:54 PM by Left Field
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Waltzing

#126
Feb 01, 2024, 06:47 PM
Could well come off the DIV..

winner (n)

#127
Feb 01, 2024, 07:24 PM
Annual Report implied no  litigation outstanding as at Balance date ...hmmmm

Crackity

#128
May 18, 2024, 01:19 AM
Company dropped a Friday night special on the ASX at 5.41 their time (7.41pm our time) - love it when companies do that 

MHJ the Oz code - you'll see it on the NZX Monday smelling like a 3 day old fish.

EBIT loss of 10 mill for Q3 2024

🤮

lorraina

#129
May 18, 2024, 08:04 AM Last Edit: May 18, 2024, 08:06 AM by lorraina
A shocker.
Actions have been taken to reduce costs across the business including inventory, corporate
overheads, underperforming stores and further optimisation of store rostering.
I guess the number of underperforming stores has increased.
Bevilles are only adding to their problems.
I do not hold,however a Trust I am a trustee of still holds LOV.

Waltzing

#130
May 18, 2024, 08:18 AM Last Edit: May 18, 2024, 08:28 AM by Waltzing
Yes it appears this industry has been hit super hard by the double costs of inflation and Gold spiking... CHINA apparently a big buyer of gold now ..

Amazing how gold was out of favour and is now back...

 Next few years are going to be hard for retail and hospitality... wallets are shutting.

They will need to shut more NZ stores. AUS should provide them with some hope maybe.





Red Baron

#131
May 18, 2024, 08:55 AM
Quote from: lorraina on May 18, 2024, 08:04 AMA shocker.
Actions have been taken to reduce costs across the business including inventory, corporate
overheads, underperforming stores and further optimisation of store rostering.

Time vor a rebrand?

Old Branding: "Michael Hill International"
New Branding: "Michael Over The Hill International"

RB

Waltzing

#132
May 18, 2024, 09:12 AM Last Edit: May 18, 2024, 10:08 AM by Waltzing
Retail in AUS now the focus with the budget ... wonder if it will hit other jewellers as they too get hit by GOLD being in demand....

 Group Sales- For the first 45-weeks of FY24, Group sales (including Bevilles) were up 4.7% on LY, and the sales for the core Michael Hill brand were still negative to LY.
                               
Revenue for retail operations                                                FY24H1                   FY24YTD
                                                                                              to Wk26                 toWk45
Segment figures in local currency Australia segment             10.2%                   12.3%   
New Zealand segment                                                            -10.3%                 -11.1%
Canada segment                                                                        0.5%                  -0.4%
Total sales                                                                                   4.0%                  4.7%
•    Australia -The segment shows positive sales for both Hl and YTD, however this growth is driven by the inclusion of the Bevilles brand in FY24 only. Sales performance in the core Michael Hill brand has improved marginally compared to the first half, but remains negative to last year. The Bevilles brand has also not met sales expectations and has been further impacted by the relocation announcement and systems integration process.
•    New Zealand -The segment remains our most challenged with deeper macroeconomic pressures significantly impacting consumer behaviour and discretionary spend. The continued negative sales results are also driven by a decline in consumer credit approval rates across the country and an increase in serious retail crime events impacting a number of our stores.
•    canada -This continues to be our best performing segment, broadly flat on a record prior year.
•    Gross margin-In line with the first half, gross margin remains suppressed due to sustained higher input costs and record gold pricing. All markets continue to experience aggressive promotionally led retail trading conditions, which is also contributing to margin pressure.
•    Earnings impact -Given the compressed sales and continued gross margin decline, previously reported first half earnings have been eroded by an EBIT loss of N$10m for FY24Q3.

Still got cash coming in as smash and grab in NZ has stuff going out ...

Waltzing

#133
May 18, 2024, 10:04 AM
Short Aus Retail? probably not as AUS retail will recover but will NZ?

Waltzing

#134
May 18, 2024, 03:52 PM Last Edit: May 19, 2024, 08:15 AM by Waltzing
pure trading stock Winner() ...

https://www.afr.com/work-and-careers/leaders/the-gap-below-cartier-and-tiffany-michael-hill-s-luxury-play-20240503-p5fosf

" 2015 NPAT has been 28m, 21m, 34m, 5m, 17m, 3m, 49m, 52m, 38m"

they have enough stores to generate sales... shut some NZ stores ... Quick.

used to think HLG was cyclical but this stock creates its own cycles to add to the market making it more volatile than most...

Micheal needs to get out there do a blinken .... now this man coudl run for PRES...
 
https://www.youtube.com/watch?v=CM333RSlc1Y

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