MHJ - Michael Hill International

[Habitz]

Def not Kiri she is back in the home whenua

[Waltzing]

Deploy... deploy... spin them up ... get to the flight line ... is there anyone in the police control room in auckland... where is the minstry...

https://www.youtube.com/watch?v=LdsgMpM4I6k

[Waltzing]

The rebels ran for it where were their get away drivers ?

 Not an actual heist or they never got to the target? a Food court fight?

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


rebels without a cause...

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

the P&L is going to be interesting if they highlight local security costs...

[Habitz]

Is there an action vid <kapow> <splat> blood and sprawling bodies.

Most people go to the mall for a nice time and shopping event, not to see WWF wrestling
 

[Waltzing]

well maybe its on the security cameras!! ask KPG!!

[Waltzing]

Some   today 230,000...?

you would have though it was an in demand stock...

[Left Field]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/MHJ/417058/401375.pdf

"While we finished the year with comparable EBIT slightly below prior year, we still delivered the second highest profit year in the Company's history, even with the significant increase in security investment to protect our NZ customers and team members."

[Waltzing]

"protect NZ customers and team members"

Oh My Gosh ........

says it all .....  failed state there NZ goes ...

[winner (n)]

Sell 6% more stuff and make 25% less profit

Margins down and expenses up heaps

And the $35m is even less than F21 as well as last year

And that huge mountain of cash they had a while ago is burning holes in their pockets

[Waltzing]

some strong buying today..

[Cod]

Price bounced hard off the AVWAP line 5th July week, reentered consolidation box, negated previous pattern. Double Trix (15,9) flashed off a buy signal (Green Arrow) at end of July, today 1101136 crossed at VWAP 95c and change.
You cannot view this attachment.

[Waltzing]

The real problem with this stock is that just when it looks like it going to be run for the shareholder they show there real colors and its really being run for the family...

 It will be very interesting to see the P&L in 12 months time and if the DIV can be increased..

As Winner said that cash pile burnt a hole in the pockets..

[Cod]

Agreed with what winner and you suggest but offer a different perspective.
I was looking for a reason for the recent uptick and perhaps it's because they just bought a bigger slice of the Jewelry pie in Oz, brought all back-office functions into the MHJ mix, trained staff into the MHJ ethos, did any rebranding necessary, collected 21 mil in jewelry stock and had one month of Breville's turnover in the results and had the highest turnover ever.
They did all that with cash, didn't borrow a cent.
As you suggest it will be interesting to see the P&L in a year's time.

[Waltzing]

Yes agreed and in 12 months time or more likely 24 / 36 as inflation still playing a big part of retail...

If they do all of the difficult moves that has been detailed above then will have to say it was for the benefit of all...

36 months might be the time frame.

[Waltzing]

Was told it is a very very high pressure company  sales environment to work in..

https://www.stuff.co.nz/business/132891247/fastfashion-jewellery-store-lovisa-was-investigated-for-incorrect-sick-leave-underpaid-wages