MHJ - Michael Hill International

Waltzing · Jun 11, 2023, 03:08 PM

support is at 76-77.....

But that was before the new bolt on..

suspect staff who drop off wont be replaced.

Its an AUSSI company now... might as well shut the NZX listing and some local stores in BANDIT Country.

Welcome to the wild wild country of .... yeah but you ant in Texas now...

https://www.youtube.com/watch?v=Dmn4gtZWVzw

Cod · Jun 11, 2023, 03:34 PM

Quote from: winner (n) on Jun 11, 2023, 02:48 PMCod ... I take it is a bad sign if price breaks down under 87 on your chart?

Yes, the support of the AVWAP is the only thing holding it up at the moment, if it breaks (longer below the more important it becomes), the inverse cup and handle has a downward effect (Cup and Handle pattern breakdown to perhaps 63.50c).

Note also the two large vol trades +6.5mill each at 1.18 and 82c respectively, one is now in red the other is close, both moving red (after AVWAP break) might cause the cascade to 63.5c.

Waltzing · Jun 11, 2023, 04:43 PM

Sorry but that Cup and Handle does not make it into the final of Pottery Throw down...

very poor and non uniform side on the cup... you only get a 3/4 cup im afraid...

Nupe that potter does not make the final and is leaving this week...

https://www.youtube.com/watch?v=-PZ-IbbEldQ&list=PL5A4nPQbUF8A5zoCyctcCbEyGAmxVNBt8&index=3

more like a fading double top.... fade it and trade it... actually transfer it off market to a holding company for some TL's.

52 is the bottom support on a very basic graph..

bit of 62 here one might suppose...

Basil · Jun 11, 2023, 05:11 PM

Interesting chart. Looks really bad. Good stock to trade. 200 day MA would have got you in at just over 40 cents in late 2020 and out at ~ $1.20 in early 2022 triple your money...wish I had of been in on that action !
200 day MA says STAY OUT at present.
In my book jewelry really doesn't get a look in during a cost of living crisis and I expect the share price to head a lot further south. I suspect this will be a very good trade again at some point in the future. Happy to let the 200 day MA tell me when.

Waltzing · Jun 11, 2023, 09:29 PM

I like the 600 day MOV AV... 1.08...

Waltzing · Jun 20, 2023, 03:24 PM

HIT 104 high today ... WHAT?

Waltzing · Jul 13, 2023, 11:49 AM

wonder how the new shops are going ... mean the merger... urge to merge...

https://www.youtube.com/watch?v=KqF-Z3dyCi4

Left Field · Jul 20, 2023, 10:13 AM

Latest update out..........

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MHJ/414969/398786.pdf

• Sales growth maintained – For the year, Group sales were up 6.0% on LY, and while economic conditions were more challenging in recent months, second half sales were only down 0.8% on LY, an improvement on our most recent market update.

• Comparable EBIT – The Company anticipates FY23 Group comparable EBIT of between $56m to $59m (FY22: $62.9m).

winner (n) · Jul 20, 2023, 11:29 AM

Leftie .....Suppose reasonable announcement in 'challenging' times

I try hard to really like (enthuse over) MHJ

Sales trend as per chart not that inspiring and this years profit much the same as 2017 hardly inspires confidence.

Full credit to whoever writes their announcements ......always so so positive but words don't seem to translate into good numbers .....steady as she goes probably best description

Waltzing · Jul 20, 2023, 12:30 PM

"steady as she goes"

brilliant comment from the Winner()!

will take that as wild beyond expections... wonder how many millions were lost in NZ wild west....

RR wild west...

massive yield ....if DIV stays here...

Left Field · Jul 20, 2023, 12:44 PM

Quote from: winner (n) on Jul 20, 2023, 11:29 AMLeftie .....Suppose reasonable announcement in 'challenging' times

Mmmm.....call me old fashioned but what happened to NPAT or profitability projections?

but nice chart tho' Winnie.

Waltzing · Jul 20, 2023, 12:46 PM

PNat might be some items from the AQUISTION...

EBIT where the real stuff is..

but if DIV stays up the SP could be a bargain in the low .90's building back up in the next 5 years....

winner() is secretly buying more ...

winner (n) · Jul 21, 2023, 09:07 AM

Quote from: Left Field on Jul 20, 2023, 12:44 PMMmmm.....call me old fashioned but what happened to NPAT or profitability projections?

but nice chart tho' Winnie.

Enough in the numbers saying it's a bit if struggle these days

Full year sales up 36m on last year generates about 20m more margin

But expenses etc increased by about 26m

Means ebit down 6m on last year

Can't really see profit getting much better in F24

Waltzing · Jul 21, 2023, 10:00 AM

Full Year wont break down expenses enough to see the items that blew out...

but it undervalued by about 30 cents going forward if OCR comes back to 3.

its a steady DIV play now.. slow SP rise ... SLOW

Waltzing · Jul 25, 2023, 01:23 PM

And again ... https://www.nzherald.co.nz/nz/sylvia-park-incident-reports-of-armed-police-responding-to-event-at-mall/LL3HQFG3KRHGXLK72FFJRX7XXY/

They really need to roll out the mini birds over auckland armed with search lights...

Full deployment of multi wheeled armoured cars .... you name it roll it out...

Black hawks over auckland... its a wild wild place ...

must be a song out there somewhere...

Hardly the Italian job though is it?

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