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Market reaction was quite something though up 20% on just a rumour, I feel there's a high chance what was reported was true
Halford said we don’t comment on rumours, which means someone made some quick money by spreading false rumours
They did make a comment, see sharecast news, yes likely this near 20% gain will likely fall somewhat today
No Rns fake rumours of takeover, down down down
The previous price of 450 was due to covid and the UK being captive customers as Halfords was one of the few companies allowed to stay open, which in turn sold bikes in the thousands. That is no longer feasible and the value should not be taken as a possible take over price.
Personally i think anything over 300p will do me
Fusion98
They'd probably do a hammerson "no 720p vastly undervalues the company but a share split and capital raise rights issue at 14p is better value for shareholders" they'll hold off for a£5
This is worth 350 each and every day, not to mention their ambition for profit, thats prob what got bidders interested, doubling profit in the mid term
270p would be fine with me.
Board must respond!
I nearly got excited then remembered it was nearly 450p last year, that was the time to sell, think I sold a small amount then
Looks like i struck lucky here ,HFD 215p now
Yes, they’re the company's broker, but equally is there anyone - broker or otherwise, including posters on this board - who doesn’t have an agenda these days?
“DYOR” is the name of the game.
Peel Hunt are Halfords broker! Have a look at their previous price targets!!
Peel Hunt aren't as pessimistic, Slipperman: they've just increased target to 275p.
Some good, some not so good. Cycling is 25% of sales but falling rapidly. There is a lot of competition in cycling and if you go into a Halfords store then you can understand why they are doing so badly. If you strip out inflation LFLs are flat. £50m profit on £1.5b of turnover is a very small margin with a downward trend. They are doing the right things in many of their sectors but it's a tough business environment. Can they get this business to £100m of profits? Maybe, but probably not. Falling margins in a declining sector with high fixed costs is a tough spot. They didn't revisit the issue of struggling to recruit so I assume this is still a big problem for them.
Strong market share gains across the Group with +7.8% Group LFL revenue performance.
very good trading update from HFD
No idea what caused that rise, but I've closed out for almost 4p. I'll consider buying back if the SP drops to or below 179
I've been waiting for an entry here for a little while and wonder if today is the day! Here's a chart to show why I've entered a long position around 185 (spread is over 2p). The lower arrows show a downside gap and a support. Below that I'll probably drop out. The down facing arrows above show a potential resistance (a close above might be a buy signal; although in a down trend it's value must be questioned) and an upside gap to around 200. Speculative trade.
https://screenrec.com/share/76oSN98HzT
Trading Statement and AFG on the 6th. Will see if LO got their timing right.
Someone obviously thinks the recent 20% drop has been well-and-truly overdone.
Halfords needs to show that they can get a grip on selling and servicing bikes, have a better strategy for an EV world and have the right marketing team to grown servicing and retail margins. Growing sales by buying sunset industries has a limited time horizon.
...........the oil can featuring more prominently than the EV / Hybrid symbols - which are well down the "Car Servicing" page and well below said 'oil can' - is another example. The EV and hybrid servicing offers should be front and centre. FACT: People need to be spoon-fed in many cases and many still see Halfords as bikes, blades and bulbs.
I just looked at the website out of curiosity to see to what extent they are marketing the EV servicing. Little things like the picture of an old internal combustion battery on the "Motoring Products" page will leave many EV owners with the impression that this is a dinosaur business that has not moved forward with the technology. C'mon Halfords! There's no point positioning yourself brilliantly if Joe Public isn't told about it.
one obvious question is why the big disparity between when analysts forecast and where the stock is? they do so many things really well. in the servicing business they are much better than average in a very fragmented industry, but it's low margin stuff and has labour challenges. one the retail side they are very good in some areas but rapidly going downhill in others, eg bikes. overall their marketing team needs a firm kick up the ****. they have worked hard on esg but don't see any need to promote this to customers. website navigation and functionality is better than is was but very poor. so much potential but so much is very average. if they want to be website driven then they need to improve pronto. their ceo is totally invisible, but a good operator.
Owned for many years. Hold.
A while back, last year i think, there were rumours of Amazon starting to expand into the Uk, Halfords were mentioned in those conversations as a potential buy out. Since then looks like Amazon have put the brakes on their supermarkets, and any other splurge into UK retail. Can't think why.... Anyway, the same conversations were had with last weeks ocado rumours, which again seem to be a duff. Likely, with Ocado, this is wishful thinking, with every uk retailer getting bundled into the 'what if amazon buys it out' basket. I also can't see any big investor putting anything on table now, esp into the retail space, when they are guaranteed a significant discount in the coming years.
IF, and a big if, Halfords can weather this retail and CRE bomb that will significantly dessimate the sector in the coming years, they will come out in an extremely strong position. As with every retailer atm, its survival of the fittest.
For now i'm happy for it to sit in the long pf, doing very little.
Let's see where they sit one week from now.