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JBH - JB Hi-Fi

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See the Newbie thread in my signature..I discuss JBH.

No offence to anyone posting in here and thank-you very much for your input.

Cheers

Sir O
 
Either we are about to enter into a recession or JB should start to get get happy from around here!
Not much volume in today's selling as it broke down through 14.80.
 
Anyone get the impression that the reporting due tomorrow might not be good news for JB HIFI?

Personally I think it's sold a bit hard and there might be an opportunity... I'll see how my trigger finger feels at 1555.

Any other thoughts in the meantime?
 
Sales update released and the market seems to like it.
Pretty much in line with what I was expecting.
Do not underestimate the power of the Iphone.
 
Less than 1% of shares traded so far today and with about 12% of shares sold short hopefully there is more short covering to come.
 
Half year results released today.
Headline profit figures are a little disappointing for me.
Sales growth in January is spectacular though. With the 4th quarter being terrible last year, full year results should comfortably beat last years. Cash flow was very good with debt eliminated and cash balance increasing. This is mostly timing of purchases though with an increase in payables.

Slight increase in dividend and the market seems to like it initially.

Happy to continue holding unless it really takes off with some bandwagon hoppers.
 
New Iphone hype didn't last long.
Bit like the positivity on today's report, was good till about 10:30 at which point the squeezed maybe started getting back in!
 
So JBH has risen a lot recently.
Sales update was included in the announcement today in case anybody missed it, wasn't marked as market sensitive for some reason.
Last quarter figures are very positive, continued from January which was reported at the half year results. They didn't update the guidance but based on a weak 4th quarter last year, I predict they should beat the guidance.

Maybe it's time to unignore the duck so I can get an indication of when to sell when he hops on.
 
Exited my position today. ROI a little more than 30% over a 6 month period. I could be totally red-faced when it turns out that I took profits too soon.

It was the first stock I ever bought and I had no idea what I was doing. It was pure luck.
 
I could be wrong, but there appears to be a trend for new computers to NOT have a CD/DVD drive.

Obviously this would have some sort of impact on stores that sell DVDs. The degree of impact is unknown. I'm not sure how much DVD sales make up of JBH's revenue, but I'd imagine it was a key element in getting people through the doors in the first place. JBH without movie DVDs would not be JBH.
 

You are right Tyler, DVD's are on the way out. Not just because computers increasingly dont have them, but the biggest threat is the NBN. Streaming video services are increasing subscriptions at a rapid pace.

I know our combination of Foxtel & Netflix in our household has meant we no longer buy DVD's- even when we go to Bali!

I suspect JBH have already seen a big drop in sales from DVD's, I suspect they dont make up much of the business overall - but thats just a gut feeling.
 
From the 2015 results presentation on 10 Aug 2015:

Sales from hardware & services* 83.4% of revenue (74.8% in 2011)
Sales from Software 16.6% of revenue. (25.2% in 2011)

*Hardware and services is defined as all sales excluding the Music, Movies and Games software categories.

Gross margin hasn't really moved much since 2011, so it doesn't appear that the long-term trend of sales being more and more hardware based has had too much of an impact.
 
Now that Dick Smith is closing that's one less competitor for JB...they should benefit greatly.

The only place to go for a TV these days is JB and Harvey Norman.
 
MrBurns said:
Now that Dick Smith is closing that's one less competitor for JB...they should benefit greatly.

The only place to go for a TV these days is JB and Harvey Norman.
Click to expand...

And the Good Guys!
 
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