Australian (ASX) Stock Market Forum

MHJ - Michael Hill International

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Dona Ferentes

Dona Ferentes

cartograph eidètique
Joined
11 January 2016
Posts
17,626
Reactions
24,157
market cap $315 million
Been listed for 7 years
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“The laboratory grown diamond category continues to expand, with higher sales growth and margins, helping to offset high input costs for both mined diamonds and gold”
- Daniel Bracken, CEO, Michael Hill International Ltd
.
you want fries with that?
 
Pesky outfit.
A local one shut it doors and for good. One of the most prominent locations in the shopping centre.

A prouds jewellers around the corner has moved into its grave now.
 
I had MHJ on a watch list years ago but didn't pull the trigger - regretted that decision for a while but I see they're down in the dumps again at around 67 cps (last time they were in the 30s). Thought I would look again.

"Comparable EBIT" is another junk term made up to avoid showing a more significant fall in profits. The cashflow statement does not look very healthy. Operating cashflow for the half ($22m) didn't even cover leases ($24m), which leaves them dependent on borrowing to pay for capex (13m) all the while paying a dividend which they also cannot afford. IN FY23, operating cashflow was 80m - capex was 25m, leases were 45m, buybacks were 10m - and they still paid a dividend.

They bought Bevilles (another Jewler) last year and traded cash for intangibles... I anticipate the usual ASX takeover post 1 year write-off in several months. I personally can't see where bevilles or michael hill have genuine name/brand recognition either. They're not Tiffany - your wife doesn't say I want a Michael Hill necklace.

Anyways, back on the watch list but I'm not holding out much short-term hope for a price increase.

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Just posting because I saw MHJ dropped 22.6% today in @barney 's shakers/fakers thread.

Poor earnings in an aftermarket announcement 17/5/2024. Down to consumer sentiment.

gg
 
Looks cheap. Trading just below FY23 book value for a stock that looks like its worth 3x book value or more if it can get back to an even keel. Share issuance flat, ROE consistently strong. Haven't read the announcement. Definitely an add to my retailers list - although I'm averse to jewellery.

Not Held
 
@finicky interesting one. Had a brief trade end of '21. Went up and back down, was a break even trade... hasn't hit my radar since.
Sentiment is obviously not there, I couldn't get in now but I do agree with you, it looks cheap and has some other qualities. If you don't mind waiting for the cyclical turnaround, I could understand a buy at this price.
 
Up 9% on Friday

WEEKLY chart shows a break of 7 months downtrend resistance. Recent spate of positive weekly candles. Caveats are weekly positive volumes not strong and price possibly just filling the gap made upon disappointing earnings guidance?

Not Held
No present intention to buy

WEEKLY
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From W/E Market Index:
  • Michael Hill (+9.4%) – FY24 EBIT between $14-16 million vs. $14 million consensus. Group sales up 3.8% year-on-year and in the last seven weeks of FY24, group sales up 6%
 
Michael Hill chief executive Daniel Bracken has died overnight Tuesday following an adverse reaction to medical treatment, the company has announced.

The sudden death of Brisbane-based Mr Bracken, aged 57 ....
 
Not funny to die this young when trying to get healthy. Recently, a french artist died from an allergic reaction to the power they make you swallow before radiography.."contrast product".talk about a stupid way of dying.
I did not know him so rip
 
A word I took on board a long while back:

AI Overview
Word of the Day - iatrogenic | Dictionary.com
Iatrogenesis is a medical term that refers to harm or illness that occurs as a result of medical treatment or care. It can be caused by human error or system failure.
Etymology
Iatrogenesis comes from the Greek word iatros, which means "healer".
Examples
Iatrogenesis can include adverse drug reactions, infections, injuries, or diseases.
It can also include weight gain or other side effects that may be counterproductive to a patient's treatment.
Risk factors
The risk of iatrogenesis increases with age.
The risk of iatrogenesis is higher for patients with multiple chronic diseases.
The risk of iatrogenesis can be increased if there is a lack of communication between caregivers.
Iatrogenesis vs. negligence
While all harm resulting from negligence is iatrogenic, not all iatrogenic injury is negligent.
 
Another blow

Michael Hill appoints cover as founder takes medical leave​

By Christopher Kelly | 14 April 2025

New Zealand-born jeweller Michael Hill International has appointed Andrea Slingsby as alternate director to Sir Michael Hill, as the group’s founder takes a leave of absence to undergo treatment for cancer.
The company shared the news in an ASX statement on Monday afternoon.

Slingsby has extensive board governance, consulting and advisory experience across a range of industry sectors including global retail.

According to the Michael Hill board, she brings expertise in both domestic and international growth and sustainable scaling of Australian brands such as Flight Centre and Blackmores.

Her previous executive roles with the company include interim chief people officer from August 2018 to December 2018 and chief operating officer from January 2019 to January 2021.

Slingsby is currently a director of Prime Financial Group (ASX: PFG).

She entered into a consultancy agreement with the company, which includes remuneration of $9,233 per month.

The latest move follows the recent passing of Daniel Bracken, who had been CEO of the jewellery group since 2018.

www.ragtrader.com.au

Michael Hill appoints cover as founder takes medical leave - Ragtrader

The company shared the news in an ASX statement on Monday afternoon.
www.ragtrader.com.au www.ragtrader.com.au

Not Held
 
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