Halfords Share Discussion Threads

[poikka] 28/11/2019 19:54

Profitability will eventually work through if the £ at least holds steady into next year and beyond.

[stupmy] 28/11/2019 11:40

That sounds so wrong yump, can you not go in your dinner hour or are you not allowed out of the playground?

[yump] 28/11/2019 10:22

I think the weather is going to put a damper (sorry) on bike sales. I'm often in our local Halfords and have been after school a few times in the last week - very quiet. Whether that's the weather (sorry) or consumer confidence, who knows.

It seems quite undervalued based on earnings and dividend, but perhaps the market is expecting a continuation of the gradual reduction in profits that's been happening for quite a few years. So pricing ahead reductions rather than stabilisation.

Forecast is about 20p earnings, but looking ahead, perhaps the market thinks it will only be say 17p in a couple of years.

[stupmy] 26/11/2019 20:14

Kendo, I had a limit at 168 to lose one position at b/e (obviously not my best). Price hit 168, but I guess either it hit it during the midday auction or the spread ran against me. My position didn't close. I hate missed opportunities. I'm looking for an additional entry also. I'll watch carefully.

[kendonagasaki] 26/11/2019 19:02

Im looking at 1.54 to re enter stumpy.Black friday fully launched in stores today from what i saw.Hope they have a good one like last year???

[stupmy] 22/11/2019 14:15

I've added just under 160

[kendonagasaki] 22/11/2019 13:46

Some great deals on thier website.

[kendonagasaki] 22/11/2019 09:52

Well lets hope Black Friday goes well for them.....it did last year?

[argylerich] 21/11/2019 14:37

Shorters GLG have been selling big over the last month, just started to trim a little most recently. Trying to create downward pressure to create a new low when it goes ex-div?
hxxps://shorttracker.co.uk/company/GB00B012TP20/

[stupmy] 21/11/2019 08:20

Yes, bad entry. Ex divi I think on December 5th. That's 6p. I'll take the divi and depending upon how the share price is behaving I intend to buy more shares afterwards.

[stupmy] 18/11/2019 09:27

I've bougth a few more at around 166

[technowiz] 12/11/2019 08:43

nice gap to fill if 164p doesn't hold.

[yump] 08/11/2019 16:27

Think I'm going to wait until its in a definite uptrend, rather than just a jump. There is what I think is a sensible strategy in place and the auto-services side is still growing. The increased margin on that and the lack of sensitivity to sterling, import costs, material costs etc. is a big positive. Plus the trend of people being less and less practical will continue for ever. (Thank goodness for us older lot being brought up on meccano, so that we know one end of a screwdriver from the other !)

The remaining issue appears to be retail profits, which have been in a long, slow decline (nasty looking long term chart, which is reflection of that).

If that stabilises and auto grows, then its quite an attractive business. Certainly for what would then be a stable dividend and possibly actual profit growth.

I suppose if I'm that convinced I should put my money where... etc. etc.

[stupmy] 08/11/2019 15:30

I don't see any reason for a big pull back. But PI's from higher up are quite likely to start selling, which could give some nice play. I'm still holding about 40%. I'd happily buy back if a pull back materialised, but it doesn't even have to be HFDs for me. I've started buying WMH and 888. I'm also watching sainbury

[technowiz] 08/11/2019 13:50

i bottled it, sold but not at the high seen so far today. i was very overweight. but very happy i bought some at 150s. and a wee top up yesterday at just under 152p. i had a feeling 152p was support.

[stupmy] 08/11/2019 13:14

I've lightened up. Wondering if we'll see 160 pretty soon. Lot of holders from higher might be tempted to rationalise before the weekend.

[spob] 08/11/2019 12:43

very annoying

wanted to buy some more at around 140

[stupmy] 08/11/2019 10:56

At this rate, we'll close the first gap by teatime!!

[kendonagasaki] 08/11/2019 10:39

Looking like a recovery!

[rathean] 08/11/2019 10:37

You're right and a modest rerate is on the cards here. How sustainable that is will be interesting.

[yump] 08/11/2019 10:13

I don’t see how the m&s statement (or sainsburys ) is in any way clearer than the halfords one and certainly given the long running struggle at m&s, they have very few alternatives than trying to compete in very competitive markets with no usp any more and no prospect of a new usp.

That is simply not the case with hfd. I dont think the difference is that difficult to see but perhaps irrelevant if you’re just trading.

Interesting point though about the continual decrease in profits which is not really explained fully.

[technowiz] 08/11/2019 09:47

i'll reduce around there but not too much. it could breakout higher. 168p is start of the resistance area at 50DMA.

[stupmy] 08/11/2019 09:26

That would be lovely techno, here's hoping. There's a gap to fill up to around 168 (2h chart). Another around 174