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Why the sp jump? Takeover?
Going strong
I see berenberg issued a buy rating recently also
I'm afraid I have to concur. Real mechanics don't seek a job there, and the lassie on the counter would be as effective in tesco.
Probably?
Ring used to supply vehicle bulbs to Halfords, it would appear now that Lucas has that contract now
Some good prospects on the horizon I think.
The partnership with Bond from next year, Fusion project etc.
I think they are suffering from lack of self promotion. Many of the services they offer aren't clear unless you visit the website (electric car charger points, second hand bikes etc)
Also to be more prominent in the garage sector.
Went to my local HFD Auto centre yesterday.
I wanted an Oil Level Sensor replaced. The part costs about £50, + an oil refill. All in, job takes 30-60 mins.
Girl on reception didn't understand the job, part cost or how long it takes but she did know it would cost me more than £300 + a £49 diagnostic check even though my dealer has already done that, because it's HFD company policy. That's an overall cost alot more than the dealer quote.
If this is the abysmal standard HFD operates at then it's got some way to go to recovery.
I thought I'd give HFD a try after an absence since they once told me I needed all my wipers replaced,.... 6 months after they had replaced them. 😬
Wonder when this recovers?
Well the weakness in recent weeks was certainly justified. It is difficult to put a gloss on these dismal figures although they did try. It was Christmas to forget in terms of sales. The good news is "we continue to expect PBT to fall within the previously communicated range of £48m to £53m". So no profit downgrade. Looking forward to 2025, the Board hopes to drive profit growth by cost savings and some improvement in gross margins but they are not "are not currently planning for a material improvement in our key markets in FY25". Finances have been stretched this year but IMHO are manageable although the dividend cover will not be as strong as before when we get Y/E 2024 accounts. This morning I bought back the shares I sold in December for 30p less. I paid 168p and only time will tell if I should have just stayed out.
Q3 out 25th Jan
Bit late on the Q3 update, usually around the 12th Jan?
Rising shipping costs are certain, supply chain is if not already ongoing highly likely to occur, high energy costs possible, such things are applying downward pressure to the share price, due to ongoing and incoming im going to predict 150p and here i will look to enter, opinions please?
Opening gambit after exiting higher, seems ok for a snooker racking
Has this business been sold?
Momentum doesn't feel right. Sold the 1/3rd position I took last month after the results. Only a spiv's turn but there will also be a 3p dividend coming my way next month. It remains on my watch list. I did pop into one of their London Branches the other week, not a lot going on at that one despite the Christmas build up which should be under way.
Unfortunately, "£1.4bn" is not the supposed value of HFD on takeover. It's just the value of the combined entity, of which HFD would account for about a third.
It was an all paper merger.
Redde Northgate - which last month was rumoured to be considering a £1.4bn takeover offer for bicycle and car parts retailer Halfords Group
Is this reported value real? It equates to over 620p per share.
HOLD4GOLD
Recent buying by insiders would seem to indicate that no discussions are taking place at present. That could change at any moment though.
Moving higher and picking up a dividend - one fo 2024
Both companies have debt levels on a par with their market caps and very low earnings. I can't see anything other than an all paper mash up!.
Worth a punt/
Redde Northgate - which last month was rumoured to be considering a £1.4bn takeover offer for bicycle and car parts retailer Halfords Group.
City source said Redde Northgate had proposed a nil-premium merger, but the discussions were abandoned because of disagreements over price. The Halfords board is thought to have concluded that any such deal on the terms laid out would have undervalued the company.
However, it is believed that Redde Northgate could mount a fresh bid if the valuation gap between the two sides closes. It is understood that the Takeover Panel was informed of the discussions, which took place in the last few months.
Looks like a bit of director buying,hence the spike in SP
I must remember that. To make it look as though there has been growth in eps between period One and period Two just lower the eps in period One. Easy. But no one should be fooled, margins are down, anaemic growth in the retail division and a significant cash outflow during the first half of the year. No wonder they reduced their guidance for the full year and fell heavily yesterday. For me this is a story about a company that was considered to be in deep trouble managing to pull through. The signs are that they will still pull through but not as quickly as they or the market hoped. I sold too soon on the way up but have bought a third of a unit back following the fall. Happy to buy more if the fall continues or just take a turn if the rise from here. Dividend maintained at 3p per share.