The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Your comments will be accurate in 10 years time possibly but before electric cars take over there will be a massive prolonged boom in second hand cars as lots resist the move to electric or the costs and that boom only starts when the new market in petrol / diesel cars end which is still 6.5 years off.
In my view Halfords are best positioned at least in the short / medium term.
I am glad I didn't unload - lots of negative comments but 8.2% up.
Usually it's lots of positive comments - get in quick then a disaster drop immediately followed
Thank god I unloaded this, I think it’s just another U.K. domestic retailer that will end up bust and their units for sale like all the others we have seen disappear.
True, what happened to their original business, profit decimated,
If you strip inflation from their LFLs sales on current businesses aren't stellar. They give the change in net debt but not the actual net debt. Bike sales are tanking, which if you go into a retail store won't surprise anyone. Institutions are going to look at this as a declining retail business, and as the car industry migrates to electric, tyre company with big overheads.
And hardly any improvement in FY24. But jam in FY25.
Profit before tax is pretty scary. They continue to buy business but aren't making any money.
Well thankfully they are here, quick skim and they didn't look worse than expected, hopefully trade flat on this, no 1.30s like last year please... Div up 1p, near 5% annual yield
My experience has always been positive at Halfords stores, good customer service, speedy action and reasonable value.
I think problem solving in large companies is often difficult as no one has complete control as in a small co where a manager is on hand to say yes or no - quickly. I hope HFD do well, the takeover of National Tyres will take a while to dovetail into the co but will prove to be a good buy in the ling term. NT was getting - how do you say tired of a tyre company - but it was. My local is always busy but not the best value
In agreement Pianista. Having worked in the accountancy profession and still in contact with partners at accountancy firms, the delays could even be from the accountants' themselves rather than anything untoward at Halfords. I'm hearing of staff shortages in major accountancy firms where they cannot hire fast enough, so could be that they've not met timescales their end. A delay of 6 days shouldn't ring bells, especially as the company has reiterated earnings. If the delay was 1 month, or even unspecified and profits guidance was pulled then I would be concerned ....
A delay of just 6 days and the shares fall off a cliff! Weird. Especially as they also confirmed previous guidance.
Delays to accounts are obviously unwelcome, but I wouldn't say they are NEVER a good sign. In this case, I think it's more a sign of extreme nervousness in the investing community at the moment.
As for the company's poor customer service, this as all-to-common in the UK generally in my experience, so Halford's is probably no worse than the competition. Though as regards batteries, funnily enough I've only had very good reports on Halford's service. Just shows how difficult it is to draw conclusions based on anecdotal evidence.
My experiences are different - yes they could do better but they are an easy place for the motorist to go to - Ive topped up at 186
Wonder why the accounts are not being signed off on time, these things have a long lead time built in, so delays are never a good sign. I agree Halfords has a good business model but very poorly run, poor customer service experiences are all too common causing people to go else where.
Have been watching this for some time now and the share movement has been somewhat erratic. Seems to me to be heading nowhere, and the organisation is in a bad way,
Staff shortages, lack of training, lack of HQ organisation, and management whom seem out of touch.
Had a problem with new car battery, which exposed the failure of the Halfords organisation, from the retail store from whom I bought the battery, to the complete lack of structure to handle complaints at head office, so for me this was the signal to remove it from my "watch list" sorry but HFD has a good business model managed extremely badly.
Analyst's suggest 20% fall on on FY rns.
It had net cash, not debt, last time I looked. The only "debt" it has is that created by capitalising future lease payments, which is not affected by interest rate increases.
So as regards the drift, the market has a very short memory, that's all. Bullish updates are quickly forgotten, though HFD hasn't lost all its gains since the last one. The market needs constant reminders - though it may have to wait till the next trading update.
Expected this to go higher after last bullish update… could it be concern about rising interest rates pushing up debt repayments?? Can’t understand it.. maybe just need patience?
Short term trend may likely be downwards because global markets are too high and i sense a catalyst which will cause market's to tank.
Not 2024 forecast but mid term forecast.
2024 pbt forecast is almost double the pbt of 2023, sp will move up as the mcap will move to reflect the very positive and high 2024 pbt guidance, Will be interesting to see how high the sp goes.
up and away ,next stop 220p
RBC raises Halfords price target to 230 (225) pence - 'outperform'
Hard to believe they managed to fleece institutional and retail investors at a capital raise at £3 a share, crazy.... Well if there long term forecasts prove accurate it'll be back at £4 plus a share.....
RBC raises Halfords price target to 225 (200) pence - 'outperform'
Uncharacteristically bullish RNS. This should reverse the recent SP decline and see it back in the 2's.