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HFD Halfords Group Plc

154.00
6.40 (4.34%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Halfords Investors - HFD

Halfords Investors - HFD

Share Name Share Symbol Market Stock Type
Halfords Group Plc HFD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
6.40 4.34% 154.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
148.00 147.60 154.60 154.00 147.60
more quote information »
Industry Sector
GENERAL RETAILERS

Top Investor Posts

Top Posts
Posted at 27/6/2024 09:43 by yump
Just goes to show, its the expectation in relation to the results that matters and thats set previously with trading statements plus the overall economy forecasts and the general state of the markets.

Unfortunately, more than one variable is too much to cope with for some investors.
Posted at 28/2/2024 11:40 by sooty snipes
Darrin1471 I recently bought TND at 180p. Value half NAV. What's not to like. Two very savvy investors recently bought in. I was humming and hawing about buying some MCB before the update..... Thought I'd wait Doh
Posted at 28/2/2024 10:32 by 21ant
Regardless of all the numbers, there's a massive trust issue here now. How can they miscalculate so badly at the last update? Then to 'lets face it' try and lie to investors and blame it on the current quarter trading is beyond me. Heads must roll and that's for the lies, not the mistake!

This went below £1 during Covid and the numbers are worse now so we may see a dead cat bounce but likely to drift down. Maybe worth a look as it gets under £1.20 but I'll see. It's a good business so a real shame it's being mismanaged.
I don't hold any currently - thankfully!
Posted at 28/2/2024 07:35 by darrin1471
RNS missing on my ADVFN
Posted at 30/11/2023 07:00 by waldron
Why Halfords shares just crashed 20%

Having recently traded at a one-year high, shares in this bikes-to-car parts retailer have plunged in spectacular fashion. City writer Graeme Evans explains what's gone wrong and what the analysts think.

29th November 2023 15:44

by Graeme Evans from interactive investor



HFD

19.07%

A setback for Halfords Group HFD due to tougher conditions in cycling and tyre markets today failed to dent City optimism that the retail and car servicing business is on the right track.

The shares skidded 43.2p to 185.4p, wiping out this month’s strong rebound as interim results tightened full-year guidance towards the lower end of the previous range.

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Broker Peel Hunt told clients that the share price weakness should be used as an opportunity as it reiterated a target price of 275p. It said: “In our view, management is doing pretty much everything right to control the controllables and the market will turn in time.”

Counterparts at Singer Capital had a similar message after seeing Halfords grow market share across its four segments of retail motoring, cycling, consumer tyres and car servicing.

It also said that the shift to needs-driven services is gaining traction, acting as a buffer to the current pressure on discretionary spending.

While half-year profits rose in line with expectations by 15.8% to £21.3 million and the dividend for payment on 19 January is unchanged at 3p, the outlook has been clouded by weaker big ticket spending and subdued growth in the consumer tyre market.

Singer said: “This should prove to be a bump in the road as real incomes recover, fuel prices reduce and consumer confidence thaws. A cold snap is also imminent. For this reason we are not changing our target price and would buy on weakness.”

Halfords now sees profits for the financial year in the range of £48 million to £53 million, equating to a 5%-6% downgrade on the City consensus. However, the company remains confident in its mid-term plan for £90-£110 million profits as long as conditions stabilise.


Chief executive Graham Stapleton is particularly encouraged by the strong performance of Autocentres, where significantly improved returns have prompted the company to accelerate capital investment in the garage services operating model.

The group is on track to deliver £30 million of cost savings in this financial year, although the City expects April 2024’s National Living Wage will add £5 million to future assumptions.

Investec Securities cut its 2024/25 forecast by 20% today but has maintained its “buy” recommendation with a lower price target of 235p.

The broker said management had a credible long-term vision to become a one-stop-shop for all vehicle ownership, having set out its plans at a capital markets day in April.

Investec added that delivery of these targets would drive higher profitability, implying a sustainable double-digit earnings per share growth story.

It said: “Neither this longer-term growth opportunity nor the strength of its cash generation is reflected in current valuation, in our view, with the market more focused on the short-term weak macro backdrop and need for better visibility on a market recovery.”

These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website.
Posted at 29/11/2023 08:54 by fenners66
This kind of presentation I have been railing against with other companies recently.

I hate the spin of trying to tell everyone that because we adjusted away everything we did really well !
Hoping investors or analysts cannot be bothered to read the results or find say the P&L buried somewhere.

Well the market has seen straight through this BS and down about 20%
Posted at 20/11/2023 18:54 by kendonagasaki
Imo HfD will need to get at least 2 quarters of positive results if they wish to rebuke any current bid or bids.Then the interested parties may wish to go hostile, but do not hold ones breath just yet...Also my son in law informs e that they have hired a new Retail Director a one Karl Plank.Never heard of him but my son in law has and informs me he is a total and utter moron.Source from his M&S days of debacle.Ho hum... HFD go through a Director of Retail every 15 months like clock work anyhow.Graham Stapleton does not seem to run a tight ship when it comes to keeping quiet about mergers and takeovers does he??I wonder what he told his staff about the news today.PLEASE LET ME EARN MORE MONEY YOU PLEBS AS I PULL THE RUG FROM BENEATH YOUR FEET!!Or did he try and deny it as a rumour when the takeover panel and commission are already aware of it?My oh my how the mind boggles??This is never going to see 3 quid a share again ever imo.Time to sell and get a proper management team in!!I knew I could smell a sell out.And boy! Does GS know how to sell out his investors?Sell!
Posted at 26/5/2023 20:02 by kendonagasaki
Now target by investor houses as over perform.Looking rosy?
Posted at 04/1/2023 10:05 by darrin1471
12 January 2023 FY23 Q3 Trading Update
Posted at 07/9/2022 11:02 by masurenguy
Halfords investors being paid to wait, says Chand Lall

Halfords has been oversold but Marlborough fund manager Sid Chand Lall says investors are being ‘paid to wait’ with a decent dividend in the meantime. The manager holds the stock in his £795m Marlborough Multi Cap Income fund and, in his latest update, said the bicycle and car part accessories retailer had rallied having suffered a slump. ‘Halfords had previously been oversold so the recovery this month is only partial and needs to double if it is to reach where it was at the start of the year,’ he said. ‘It trades on a p/e [ratio] of 6.5x March 2023 and a yield of over 5% so we are bring paid to wait.’

Halfords shares closed down 0.4% at 134p on Tuesday, having continued to slide since late August after a summer rally tailed off. More broadly, Chand Lall said inflation continues to dominate markets and they believe ‘this is a process that is still playing out’. ‘By December, one should expect the bulk of rate tightening to be done. This should then act as a trigger for the next phase of the economic cycle, which may well see some form of meaningful economic stimulus,’ he said.

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