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MRL - Miller's Retail

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Hi Everyone!

Is anyone following MRL, a well managed firm owning variety and apparel stores like CrazyClarks, Katies, Crossroads, 1626. They have always paid great dividends and the mangement team is very shareholder friendly. EX-div date comming up (dividends of .04 cents or a 2.8% return, fully franked).

Just wondering if anyone has any opinions on this one?
 
Re: MRL

Here's their chart, and Yahoo is indicating a price of $1.46 at the moment.

Cheers,
GP
 

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Re: MRL

Hey!
Yep, MRL is supposed to be well managed and some value managers reckon it's a great outfit but the Warehouse Group is a strong competitor. They've got a new CEO/MD and he's considered to be able to turn things around for Warehouse, hence more grief for Millers. Very fierce competition in this sector. Also, after repeated profit downgrades MRL have taken a hit.

I don't know what a bargain basement value for MRL would be but after the ex-dividend date I reckon it'll drop a bit more as some people may have hung on just for the dividend.

RichKid
 
Re: MRL

Here's their chart, and Yahoo is indicating a price of $1.46 at the moment.

Cheers,
GP
Click to expand...

THanks a million for the chart GP- makes a HUGE difference. $1.50 looks interesting but it appears to be falling back to support at lower levels, just above 1.30

RichKid
 
MRL - Suggestions...

Hi Guys,

Just analysising MRL (Millers Retail Limited), there due for company results announcements on the 24 August... with an estimated $52m from $60.7m last year, high dividend yeild of 9.5 cents per a share...

On the T/A below, the stock has seems to have found support at $1.38, the RSI is well and truly in the oversold position and the slow stochastic, is well flat... and on the zero momentum...

Market Capitalisation is $335m, and a total debt of about 26%, but with an attractive P/E ratio of 14.08...

Any Suggestion on this stock...

Cheers,
sis
 
Re: MRL - Suggestions...

Sis,
Has the dept % increased from last year? If so, by what amount?

Happy trading

Stefan
 
Re: MRL - Suggestions...

Hi Stefan,

is ok, if you explain to me what dept % means, sorry... dont know to much about fundamentals, more of a tech...

Cheers,
sis

ps... will look up, but still trying to find out what the abbreviation stands for...
 
Re: MRL - Suggestions...

Sis,

Don't worry then. I thought you had the figures in front of you. How did you get the
Market Capitalisation is $335m, and a total debt of about 26%, but with an attractive P/E ratio of 14.08.
Click to expand...
figures in the first place?

I'm after something called debt / equity ratio which shows the relationship between funds provided by borrowing and funds provided by shareholders. The debt/equity ratio shows to what extent a company is financed by debt (also called the gearing or leverage ratio).

Happy trading

Stefan
 
Re: MRL - Suggestions...

Hi Stefan,

thanks for helping out...

heres the details below...

Capital Structure ($ 000's)
Total Debt 136,689 Interest: 9,939
Interest: 9,939
Long Term Debt 69,519 ( 24% of capital )
Shareholders Equity 215,876 ( 76% of capital )

... on the etrade website, under "quotes & research", you can simply type in the company name or abbreviation, and then it will come up with some sublinks, which will give you exact company details or profiles on all, reports and annual statements presented... the only catch is, you have to be an etrade client... to get hold of this information

Main View | Balance Sheet | Company Overview | Performance & Dividends | Major Shareholders | Printable Report

Cheers & Thanks,
sis
 
Re: MRL - Suggestions...

Pretty much E*trade provide all the information you need, you dont need to have any stock holdings with them to access this information, just a etrade customer logon, and all the information is free at your finger tips...

Cheers,
sis
 

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Re: MRL - Suggestions...

Sis,

Thanks. I'm not asking because I don't have access to this kind of information. I haven't followed MRL and so I thought I'd ask you rather than looking it up myself as you may have checked it before.

Anyway, I'd wait and see the end of year report before making a decision with this one.

Happy trading

Stefan
 
Re: MRL - Suggestions...

Hi Stefan,

just having a look at the market depth on MRL, and there seems to be a huge amount of buyers at $1.38 (actually 23 bidders, and 396,178 units wanted at that price)....

either some insider... or some tip sheet happening, lol

Cheers,
sis
 
Re: MRL - Suggestions...

The Intelligent Investor (tip sheet) has had a major buy on this one for ages. They reckon it should be worth somewhere around the $2.50 mark but the market seems to disagree!!! It seems to have a base at between the $1.35 and $1.38. Pays a great dividend though (around the 7% fully franked)
 
Re: MRL - Suggestions...

Hi Malachii,

thats interesting to know, have a current order set to buy in at 1.39, will be intraday trading this one in and out, but will have the stop loss set in at about 1.31, but dont see it going higher than 1.55, in the short term, profit targets for the short term will be around 1.50 and 1.53... but just sitting here patiently for the stock to just drop a little further....

Cheers,
sis
 
Re: MRL - Suggestions...

Hi Sis,

As far as your debt to equity ratio is concerned 24% is an excellent sign. Banks are usually willing to lend up to 80-90%, so that means the firm could look into expanding further (which is what Miller's is doing, going into NZ). The fundamentals are great (been following the firm for long time now), and the intelligent investor crew who recommend the stock have made very many good calls in the past.

I recommend you check out: http://www.intelligentinvestor.com for a free sample of their publication, they do top research and there is a long article on Miller's comming up.

The true story is that the company used to be held by all the super-funds, but since the firm encountered some competition many of them have sold out and the price has dropped to stupidly low levels. It's only a matter of time before the market realises this and the price returns to normal. (There is also the great dividend).

Anyway, you should always do your own research and never forget to look at the fundamentals...

Happy Trading!

P.S. I do hold the stock in case you are wondering, and I plan on topping up my portfolio.
 
MRL?

Hello all, how are we?
Just wanted to get some opinions on Millers clothing
have heard different things, some that its share is under priced. but it seems to keep sliding away in price though. Just as a dividend return its archiving a close to 8% return, thought maybe a good time to buy.
just wondered anyone elses thoughts.
 
Re: MRL?

Hi Nathan,

MRL, is one stock i have been holding on for a long time now... back a few month ago, i bought in at $1.38, i do believe the stock is undervalue, it went ex-dividend on the 7th of October, with a very nice dividend... but the dam stock just wont pick up...

MRL is one stock i have no intentions in selling in a long time, but... it just doesnt move... im just waiting to see what happens towards and after the Christmas break... with holidays around the corner... could very well pick up...

Cheers,
sis
 
Re: MRL?

Hey SIS,
yeh i was am looking at its growth expectations, and it looks like it has a lot of potential, and has been higher in the past, looks like it may go north in the near future. just as a dividend it is ok but growth is a bonus.
 
Re: MRL?

The Just Group is a new player in the same field and is on a lot of must buy lists They own a number of known outlets and brand names and buying more.
MRL was the one I was going to pick though changed to JST , I think they will do very well in the long term, IMHO
I bought in on the 11-10-04 at $ 2.61
 
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