Halfords Share Discussion Threads

[gswredland] 08/10/2019 18:14

Yeah be interesting to see where it stops

[toffeeman] 08/10/2019 16:23

New low today

[poikka] 02/10/2019 11:09

So Hambro have lightened their holding, but still the share price rises a bit. Am I looking for positive news..

[21ant] 01/10/2019 20:31

I think the issue is that the service desk for one gives vital support to the shops and the head office. There are a lot of very experienced people disappearing from the IT function lately in addition to them though and Halfords still has a lot of legacy systems and ones that have been built and then ‘halfordised’ which means the knowledge externally could be very weak. It is primarily to cut costs as far as I can see but I also see it as a desperate short term move that can’t be reversed. I don’t think it will end there either - they’re gonna need one hell of a perfect winter to even remotely help them over the next half year. Trouble is, without your people, as a business you’re nothing.
I don’t hold at the moment but have for years and years. The price is very low but just no signs of anything to suggest it couldn’t go lower?? Just my opinion and I hope to get back in here one day too.

[poikka] 01/10/2019 19:17

Slimming down, m8, or do you think that they'd get totally rid of vital functions. I'm assuming that the management is not totally daft, which might be a bit of leap of faith, of course..

[21ant] 01/10/2019 18:40

Not sure why you would think that.

[poikka] 01/10/2019 17:18

Sounds more like good news to me.

[21ant] 01/10/2019 12:55

It’s not in the news. Their service desk has just been laid off.

[yump] 30/9/2019 23:37

Where's that bit of news from. What, IT wasn't already outsourced ?

[21ant] 30/9/2019 19:05

Meanwhile another chunk of good people from their IT team have 'left' today - more outsourcing and loss of good people. These people cuts just keep coming

[yump] 30/9/2019 16:42

Well they haven't mentioned any influence of the £ on their imports of bikes and bike parts yet, but there must be some. Perhaps delayed because of existing stocks.

[poikka] 30/9/2019 13:05

I read the other day that a US car parts company was optimistic on trading due to the increasing age of cars on the road.

I have no idea if the situation is the same in the UK, but my guess is that it is, which would translate into more work for the automotive side.

The main driver here would be if the £ were to rise against the $ and Euro. That's in the lap of politicians - and media...

[yump] 30/9/2019 12:29

The last trading update indicated a pre-tax profit similar to last year, but doesn't look like 'the market' believes that. A similar 20p+ eps would make HFD pretty cheap.

Seems quite likely that there will be a bit more gloom about discretionary purchases and share prices seem to overshoot and undershoot, so wouldn't surprise me to see an overreaction to any continuing comments about problems with weather etc.

[stupmy] 20/9/2019 16:16

Yep, firmed a bit today, still at risk though.

[technowiz] 20/9/2019 15:42

up 4% good rise for a Friday. always seems to do well on Fridays.

[stupmy] 19/9/2019 09:47

No one can see into the future. I'm sat on a losing trade here and it will take some time to resolve. My 166 was simply a gap that looked likely to fill on the 2h hour chart. That's done, as you say, it could go lower. I'll wait for a buy signal and add, with a view to dropping it on a swing high and using the profit to eat away at my worst positions. It usually gives me an overall profit if I do that.

I've bought a little WMH back today at 184, but not a lot this time.

[technowiz] 19/9/2019 09:33

i think it can go a little lower than 166 maybe into high 150s before a bounce. but maybe i'm being too greedy like i was with William Hill and failed to buy in the 130s.

[stupmy] 19/9/2019 07:53

Must admit that 166 area looks probable at the moment.

[technowiz] 18/9/2019 20:40

british bulls SELL signal posted today. it seems share can't break 175p area.

[stupmy] 18/9/2019 07:34

There's no question that a CEO choosing to buy in significantly is a good sign. Doesn't guarantee profits to share holders though.

[kendonagasaki] 17/9/2019 16:08

Always be wary of a company the CEO holds no shares in!He's never dipped his hand in his pocket once since they have fallen from 3.50?I wonder why?

[stupmy] 16/9/2019 13:17

Can't help wondering if share price is breaking to the upside at this very moment. Seems to be activating/confirming a diamond bottom pattern. See previous posts for targets.

[poikka] 15/9/2019 17:38

If the £ keeps rising, that'll help Halfords; it's obviously been a drag for some time.

[stupmy] 13/9/2019 13:31

Personally I'm thinking we're close to a decision point. A close above 174 on a 2h period looks to bring in a logical target of around 200. I've previously said I think that there is a marker at 183 that we'll hit, but there's another pattern that might give us closer to 200. I wonder whether we're about to get some broker coverage/updates.

[yump] 13/9/2019 13:16

I was thinking of having a few to average down (bought higher up), as I'm sure the business is pretty solid, but slightly unnerved by comments at my local one, where I buy a lot of parts. This summer apparently quite a bit quieter than last year or 2 years ago, but that has been said already by HFD I think. Also some child's bike supply issues, although that might just be temporary.

Just thinking: what can they announce that will result in a recovery and what that will result in a fall, so keeping cash for the time being, until after next report.