Member Info for Slipperman55

Looking like 280.

Slipperman55 - Electric cars still have tyres and lots of consumable items ...etc
All in servicing costs for EV cars are about 30-35 % lower than for petrol or diesel. Also, my concern is that when supply chains calm down the margins on bikes will drop. All of this points to a margin squeeze for Halfords.

Halfords has been a great stock for me but I have my doubts. In the medium term there will be lower revenues from electric cars and the Halfords retail model will come under pressure from online competitors. They have improved their online portal and their retail outlets are also getting but better they are going to get squeezed everywhere. Garages might be the last man standing but I'm not sure its party that anyone will want to be at. Wage rates will rise and garages and there will be increased pressure with ULEZ etc. All in all in the management team have done a pretty good job. Happy to have got out.

If you strip out current inflation levels of 5% then sales are flat. It would have been helpful if they had indicated where they sit re. labour supply. Not an bad update and I assume share price will follow the market. Other retailers have had much better results.

Have taken my profits. Might be a wrong call but happy with a nice profit. sales numbers on 13 Jan hard to call.

Very hard to see any positive news which will prop this one up. Looking more like sub 290.

A certain irony if private investors are able to buy at 320 which was very hard to get unless you were very fleet footed or a director or institution who had a prior heads up on the recent issue.

Assume the markets will be down 3-5 % in the morning, but hard to call.

So, if you are a shareholder it's too late?

I think the next question is not who do Halfords buy, but who buys Halfords?

Interesting acquisition. Shows a certain amount of confidence. See what the market thinks tomorrow.

£2m of share parcels - quite chunky.

The shorts, and there is only one, are all but gone.

I wouldn't want to be shorting this one!

Marshall Wallace taking a bit of a hit on their short position. The poor dears...

Might be a good idea to take some profits at 4.00

They are in the fortunate position that their stock has a very long shelf life, unlike for example, hospitality. They get around logistics bottlenecks by carrying higher stock levels which is why they are chewing up working capital. As logistics frees up they will run down stock and increase cash. I think the numbers are masking this and are probably better than as stated. Smaller operators won't have their buying power and will struggle with available stock which is good news for Halfords. PE is crazy low. A market cap of 630m seems nuts.

Looks to be a pretty light weight short. I wonder how long they can hold it for?

Thanks for this. Somewhere an analyst will know how much cash is left and what the cash burn is. As time passes they will be less inclined to pick up distressed assets and just hang. Too much of their portfolio is currently business oriented in large cities.

Does anyone have a feel for when they will start to get low on cash? Inner london revpar must be tough.