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Hello EC, while I am not as bullish on Halfords as you are, its nice to read a bit more sustenance and explanation in your posts. Unless we see the books at Halfords we are not going to know how well things are going. As an investor it is encouraging to know that other people like you are see more upside here. Have you considered that they might be out of stock due to supply issues? or unable to commission bikes? or any raft of negative reasons?
Last week Shell went up 10%, I suspect the insurance sector will go up next week as there is talk of dividends being safe, so regardless of how well Halfords are doing, I think money could be working harder else where. This also reflects the low current share price. Just look at RBS, which where about £2.30 before CV19, and are now about to go sub £1, as they are not offering a return this year, but a truck load of risk. These companies are now not great propositions, given other stocks are recovering.
https://www.youtube.com/watch?v=4cly_2pGTNw
your song Emerald.
Posted with the best of intentions.
G
Dartron.
I appreciate your comments. I'm sure sales ok bikes used to be 33% of their sales. There is no way that is up to date. I am fully aware motoring was their main income. Maybe it still is. To be legally on the road cars and vans need MOT's and nothing has changed there. Their Garages are all fuly open as I understand it. Some of their shops are closed which is not good of course. Not even open for click and collect or ask what you want to buy at the door, and staff will get it. Thus the stores that are open are selling anything on the shop, you just can't go in. They bring the items to you at the front of the shop as I understand it. HOWEVER there is an ELEPHANT in the room. Halfords is extremely well known for bikes, electric bikes, scooters and electric scooters. WHERE CAN YOU GET THEM FROM AT THE MOMENT? Amazon I hear you cry. So you want to buy a bike in a box, put it together yourself and if there is a problem re-package it and send it back. Also I looked at Amazon's electric bike range and was not impressed and the prices were not that competitive either (much to my surprise). No, I think most people know Halfords, trust Halfords, know they can click and collect an assembled one from thir local branch and, if there is a problem take it back to their local branch. I just checked Halfords bike stock levels and they are out of stock with 16 of the 428 they usually have. If you look at their "turbo trainer" range you will get a message that says "due to unprecedented demand they are out of stock with many turbo trainers.
Frankly I think the market is wrong. Virtual monopoly, people not wanting to use public transport so maybe cycle?? others stuck in doors wanting to get out so maybe buy a bike and cycle....??
We will see.
All IMHO.
Its funny EC, when i check your other posts you actually seem to have a grip on economics and are quite sensible about the oil companies you post on, yet for Halfords you keep posting this gibberish. (almost like 2 different people make the posts). Like most people I want Halfords to do well, but your 'obviosly must be selling loads' is laughable. Is that why the market thinks 60p is a fair price for Halfords, down by over £1? Do you know what percentage the cycling sector makes up for Halfords sales - 33% according to their website. Motoring is their main sales arm, and it will hurting badly now. It just seems a rather futile exercise in trying to ramp the share price, which you are not doing very well at and will not manage at all. Your unfounded predictions and aspersions are adding nothing to this discussion. This IS a great time to buy in to Halfords, but only because the price is so low, which is reflecting the time and risk the recovery will take.
during lockdown and keep fit.
If Halfords on line sales are not through the roof with all this plus almost no competition THEN CALL ME KING HENRY THE 8TH!!!!! O B V I O U S THEY must be selling loads of bikes & scooters.
All IMHO.