We would love to hear your thoughts about our site and services, please take our survey here.
completely agree wyndrum, results were about as expected but was expecting a much more upbeat future outlook. Demand for their products this year is probably going to as high as it ever will be and their three scenarios range from a loss of -10m to a 20m profit. No mention of e-bikes, e-scooters and camping. No mention of how they are adapting to the new trends and demand for these items which is their biggest growth opportunity right now.
I'm still holding, will see how price reacts in the next few days
"We appreciate that demand for new bikes has been very high and we realise that, on occasions, we have not been able to meet your needs. I want to assure you that we’ve been working night and day to get more stock in and the good news is, we have over 100,000 bikes due in the next few weeks alone."
From an email sent from Halfords CEO today
They are still edging up prices, this is the past prices of the best selling electric scooter on halfords website
Xiaomi Mi M365 Electric Scooter
3rd April - £369
9th May - £399
2nd June - £449
Todays price - £469
Same happening with bikes, kids bikes, helmets etc
Will have to wait longer for privately owned scooters to become legal it looks like from that article, but a good first step towards it.
The way this stock has been going I wouldn’t even be surprised is it closes red today, hopefully not though
Tandem Group PLC update today - sports equipment distributor based in West Midlands - Says sales in 25 weeks to June 23 about 7% higher year-on-year, despite "serious challenges of Covid-19". Reports cycling business has grown 72% annually during the period, with ebike sales rising in particular. Says outlook for the rest of 2020 is "positive".
There’s been some big drops in other FTSE stocks this morning and it seems to have just dropped with the market. I personally don’t think a lot of the positive news has been priced in and hopefully the SP will increase around earnings.
There just seems to be a lack of interest this this stock at the moment, I never see it being mentioned in other messageboards, forums, Facebook groups etc that I look at whereas other stocks are mentioned all the time such as CINE CARD MARS Etc
yes pretty much all bikes have been increased by £100-£200 on top of removing promotions. Some expensive turbo trainers sold out. E-scooters and camping demand will pick up further the next few months and MOT backlog later in the year.
and good points wyndrum, theres no point shipping them to stores for display when in the time it takes for them to get there they will sell out online anyway.
some small bits of relevant news i saw today
- "Cycling industry combines forces for huge #BikeIsBest campaign to get more people riding
With 50 organisations involved, the campaign is the biggest cycling push since the 70s", "The promotion will feature digital advertising, billboards and TV ads, which will aim to convert potential cyclists to two wheels." - Not sure if Halfords is involved but good for cycling
- "Retailer GO Outdoors expects surge in camping when lockdown ends"
- "CAMPSITES have already been inundated with inquiries this year as more people ditch holidays abroad for camping and caravan holidays." - Also TUI delaying their return of abroad holidays. Going abroad looking slightly more unlikely. UK Camping holidays likely to be popular this year. Halfords sell tents, bike racks, camping/caravan equipment etc etc.
Price dropped with the market today unsuprisingly but doesn't make much sense as halfords are currently benifiting from the virus fears. investors seem to be ignoring this stock for now, maybe as we get closer to earnings things will change. how are others feeling?
just my opinion
@jargonpain, Interesting thought, i hadn't considered that but with the behavioural change like you said, it could be a possibility.
Was browsing through social media at general halfords discussion (not investing related) and saw this post from an employee beginning of May.
"We smashed target so bad this week, we could take the next two weeks off and still be ahead on the year. Thanks graham look forward to the bonus we wont get."
With shops reopening this month, more people going back to work while avoiding public transport. Cars will be back on the roads.
It's also worth remembering the business rate holiday will save halfords £26mln which is roughly 50% of their anual turnover.