Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi, not been on the board for a while, -- like others -- a quiet board.
I have been a holder of sdrc, thinking to buy a few sdr, in my sipp. does anyone know when the record date will be for sdr holders, who will be issued with additional sdr shares -- to compensate for dilution of their rights?
might add here however if the record date going to be in the past, buying now would not get the new shares
thanks
Indeed, they're all needed, kind of :)
When I first read the article and scrolled to an image further down, I thought right that Cargo bike is a rickshaw, in Britain we're reverting to fill our streets with rickshaws, sign of the times, (time for halfords to start selling cargo bikes!)
What a 1 day drop, not too bothered as looking to buy more shortly... How low could oil go? Brief thought today could head to 80, so we could go lower, good buy then, hedge my domestic kerosene purchases perhaps! Or perhaps not
"Bicycle is the slow death of the planet."
A banker made the economists think this when he said:
“A cyclist is a disaster for the country’s economy: he doesn’t buy cars and doesn’t borrow money to buy. He don't pay insurance policies. Don't buy fuel, don't pay to have the car serviced, and no repairs needed. He doesn't use paid parking. Doesn't cause any major accidents. No need for multi-lane highways.
He is not getting obese.
Healthy people are not necessary or useful to the economy. They are not buying the medicine. They dont go to hospitals or doctors.
They add nothing to the country's GDP.
"On the contrary, each new McDonald’s store creates at least 30 jobs—actually 10 cardiologists, 10 dentists, 10 dietitians and nutritionists—obviously as well as the people who work in the store itself."
Choose wisely: a bike or a McDonald's? It's something to think about.
~ Emeric Sillo
For fun
Cycling just a fifth or less of halfords but still important
keep posting Flashbuyer, don't mean to put a downer on things, we're all in it! sentiment hit quite hard in the market in general and retail -- gosh... we just need an end to the Ukraine nonsense, and for inflation to drop then this horse can continue it's trend upwards, for now its a buying opportunity for those not loaded up to the gunnels
Yes, could well be a great investment for us all. 6% div now, what more could we want. The final alone is 4% at these prices... Its pretty high beta now, ftse down 2% this goes down 5... Makes you think in a market crash these could hit 70p again if ftse down 25%... Hopefully not!!
Flash buyer, love your passion for this company but it ain't likely to go anywhere near £6... If we see £2 I'll be happy, if we ever get back to 3.5 I'll be extremely happy, gla, sadly it tends to be a low rated share generally available at a pe less than 10, but good luck, let's hope for some major rating catalysts
Just looking at what happend to the company during the 2007/8 financial crisis while the share price crashed, they maintained their dividend through the whole event -- resilient in the face of a credit squeeze, that says quite alot. looks like we are priced in for an armageddon consumer recession, but the company could well stay resilient -- margin of safety.........
weakening consumer outlook for bikes and cars hammered shares in Halfords (HFD), which dropped by 21 per cent after the retailer forecast a fall in profits next year.
HFD:LSE
Halfords Group PLC
1mth
Today change
0.07%Price (GBP)
144.20
Underlying pre-tax profits are now expected to fall to between £65mn and £75mn, down from £89.8mn in the year to the beginning of April, with the company saying it is “not immune to the external challenges, with reduced demand, particularly for more discretionary, higher-ticket items, and significant cost inflation impacting our financial performance”.
Halfords’ shares have halved since the start of the year, having become unseated after its Covid-related bump in cycling sales started to wane. Consumers are becoming less eager to splash out on expensive bikes as living costs spiral, while supply chain issues also affected Halfords’ sourcing of cycling components, leading to a 27.2 per cent decline in cycling sales in the past year. In its higher-margin motoring business, which now accounts for 70 per cent of revenues across repairs and retail, Halfords is attempting to stave off negative consumer sentiment by investing in pricing and launching a loyalty scheme in March.
Autocentres, which perform car servicing and MOTs, have benefited from six strategic acquisitions over the past couple of years, which included two tyre businesses – Universal Tyres and National Tyres – last year. Sales have nearly doubled over the past two years to £368mn, including 47 per cent growth in 2021 alone, although gross margins have fallen slightly to 57.3 per cent, down from 61 per cent. Since repairs are less discretionary than other types of spending, this could give Halfords' future earnings a defensive edge.
Elsewhere, Halfords’ ‘green’ mobility push is bearing fruit, with sales of e-bikes, e-scooters and accessories rising by 74 per cent over the past two years, while 140 per cent more electric vehicles were brought to its garages for servicing last year. This source of earnings could be in jeopardy, though, as earlier this week the UK Department for Transport said it is scrapping its £300mn subsidy scheme for electric cars, which Halfords’ chief executive Graham Stapleton called a “backward step” that will “delay mass adoption”.
Broker Peel Hunt cut its price target from 525p to 350p, but retained its buy rating, saying that shares are discounting “much more bad news than a single-digit percentage downgrade” and offer “very good value” for a market leader such as Halfords. Trading on a forward price/earnings ratio of 7, we agree, and view its progress towards being a “services-focused” business as encouraging given the consumer climate. Buy.
well, i see we are still lanquishing at the sub 150p levels, don't normally mind a share price drop in a company i believe in , but this drop caught me a bit unawares, looks messy in my portfolio, that big red number...
i never really rate technical analysis too highly, but do respect some it does kind of work.. my uneducated guess suggests (and based on previous share price crashes) we could make up half of teh drop from 213p to 145p so we could end up around 178 without any major news, about 20% up from where we are now. well at these prices the div yield as a steal, not to mention the near 15% earnings yield.... happy to hold, but want some SP recovery!
I'm hoping no further acquisitions for few more years, unless some bargains crop up in a market meltdown.... Think they paid too much for gkn, wonder what they'll eventually make on it. Share price still in the doldrums
I'm wondering if today we'll see a rns ref holdings in company if someone dumped few million shares on Thursday, think it was over 15m traded, when often 0.5 m... My figs could be wrong... But felt like price dropped to clear... Possibly bargain price
My experience of halfords stores is that they tend to be on the empty side, with a couple of busy pockets generally around the bikes. {the retail stores auto centres tend to be busy. They tend to be a fraction dearer than some although they often discount their prices, online. No idea how their vans do. They used to do cycle for work trade. Their bikes are much more expensive now than few years ago and often limited stock availability. But somehow they make billion plus in sales... I've been attracted to them by their cash flow conversion and free cash flow, really they could have uped the div by 50% yesterday, that could have given support to the share price
Well yesterday plenty of red in isa sipp etc, fair chunk of it with halfords, although annoying see the apparent losses, not too bothered as the rns was at least as good as expected, still going receive the dividend forward earnings as predicted, therefore what changed? Price tag of the stock... They're on sale quite possibly... Wonder what sort of rebound, if any we will see... Time will tell