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Strong brand, with a great network, and valuable integration to the market.
Expect with car prices increased more people will be using them for repairs.
And the bike business has now become more ingrained to UK life for longer term sales.
Overall the current downtrend is short term and as their last trade statement outlined, they have weathered the cost and restricting to be gearing up for improved profitability
Well if the hedge funds keep reducing this by 8% per week, it wont take long for buyers to arrive. It might not be super cheap just yet, but its looking reasonable value. If they maintain the dividend, you would be looking at a yield of over 6.5%, and by my estimates a fwd PE of 11 or less which is a little better than historic average of 12. I think business has picked up for them over the last few weeks (from my store visits) and I think the autocenters offer a good opportunity. If they can just figure out what to do with the lesser performing retail side. Halfords being quite a unique brand and proposition, I would say it is likely we are getting close to TO territory.
Everything about them looks tired but we were in this position in 2022 and they managed to bounce back to around 220 so it is a case of fingers crossed. It looks like we are here for the long haul though.
The market is pretty pessimistic on Halfords, rightly so. This is a company that needs a new team. Waiting for a buyout or merger with another company looks hopelessly optimistic.
Better still to read the RNS which are the official announcements from the company themselves.
And it's a shame that Halford's IR are as unreliable as dividendmax and haven't kept their website calendar up to date.
At least dividenddata have the good sense to state "As of 13 Jun 2024 no upcoming ex-dividend date has been declared" which is entirely correct at this time. The dividend should be declared in the Results RNS at 7am on the 27th June, the same way as it (nearly) always is.
Best to use dividenddata:
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=HFD
Dividend should be declared at earnings update meeting on 27th June.
Nope, complete fail by them. Again.
Www.dividendmax.com shows Halfords declaring a dividend tomorrow. Accurate?
Drifting ahead of full year results. I might take a wild punt if it drops more leading up to results as I am the gambling type and have no idea what to expect!
Preliminary results to watch out for on 27th June, 2024.
https://www.londonstockexchange.com/news-article/HFD/halfords-group-plc-notice-of-preliminary-results-announcement/16496475
A 2.24% increase today. The highest in my list.
Dropping stamp duty would be a good start but highly unlikely with labour in power
And despite all of this greatness, we have the highest taxes since WW2. If you look at what is coming, it can only get worse.
Https://www.cityam.com/if-you-look-past-the-headlines-london-is-charging-ahead/
More up to date I would suggest.
Not moving up with the broader market, that's for sure.
Stop complaining it's a buying opportunity will be back above 225 shortly and if it goes to 130 Buy more.
So Graham Stapleton and his mobile phone chums have been running Halfords for six years. Any thoughts on how well he is doing and if he is earning his £1m comp package? I wonder what long term investors think.
Looks like this SP is stuck around this level until the finals, unless some corporate activity emerges from somewhere?
Worldquant still reducing, now at 0.77 from peak 1.31%. SP still fairly supressed (retail news?). Total declared shorts now at 2.96%
Fair point about the merger with Redde but that still valued Halfords at least twice the current market cap.
This is a very sound business with a good balance sheet. The auto centres side is booming and Spring has sprung which will spur on bike sales and car cleaning products. £2.50 is a conservative estimation of where we should sit today and not £1.55.
Well although I don't have time to write a detailed post, hfd is one I definitely got wrong, had some position in this since 2018 and while I got some multi bagger returns on covid purchases, overall the experience of holding has been dire... I'll need really look at what I got wrong with this one... Think my remaining position will be jettisoned shortly....