Halfords Share Discussion Threads

[stupmy] 16/1/2020 13:52

I really thing 145/146 is possible in the short term. I'll be looking for opportunites to accumulate at those levels. I was hoping for 161 area to drop half and buy back lower, but I might be buying lower before rationalising. You never really know in what order things will happen.

[technowiz] 16/1/2020 13:25

thought it was about to break 158p. pulled back to 155p. hope its not start of a full retrace. if it does then i'm ready to buy back some i sold at 147p.

[stupmy] 16/1/2020 12:29

I'm looking at the chart now. Daily suggests to me we could reach 160/161 and at that point there is a significant risk of it turning down. If that were to happen then the two hour chart suggests we'll revisit the 145 area, that's rising tl support and gap close. I'll be watching closely and using these ideas to judge my entries and exits. Longer term I'm hoping the bottom is in and that we will move to 176 initially, then perhaps test 180. If we break that (it's entirely possible in my view with some change in sentiment over performance), we're looking at 184 or as high as 258 (there are resistances in between some of these levels, but that's my high level view).

[stupmy] 16/1/2020 10:27

Yes, but it didn't close the gap. At the moment, almost all gaps are closing. Go look at Barc, I have that as a sit up and watch at around 170/172 (from memory). Gap closure doesn't mean it's the bottom, I use it as a signal to pay attention. I'm interested in Barc (on gap closure), WMH (on gap closure around 170), and HFDs, also starting to trade HTG, in and out of TLW. I'm selling down ENQ (although I've retained 80% for now) and expect to see at least 23/24 for a re-entry soon. On ENQ it looks like price will hit the 40p area, but I think we'll pull back first.

[poikka] 16/1/2020 10:23

I'm still smarting from when Jill McDonald dished out a special dividend of £20m just 3 years ago, after a good year. Can't remember how much she pocketed from it, but shortly after she left for M&S, to be kicked out from there eventually.

That £20m would have helped HFDs expand further into services. They're pursuing the right strategy atm, it seems, and with a yield of some 7.5% and MC only 5 x PTP, I don't see why they should fall further - famous last words :)).

Results no surprise - retail stagnant, and auto motoring; although bikes came in ahead of what I guessed.

[technowiz] 16/1/2020 10:21

i'll be looking to buy some mid 140s if there is retrace if i have funds ready. it already pulled back to 148(ish).

[w1ndjammer] 16/1/2020 10:17

have added more today, expect 250p later this year, new divi looks safe
could be a long term hold lets see....

WJ.

[stupmy] 16/1/2020 09:59

techno check the 2h chart, there's a gap. I know it sounds trite, but for many shares, they are trading around gaps at the moment and gaps are almost inevitably filling. That could change anytime, but I stick with 145/146 in the near future. But having said that I'm sanguine about my positions (albeit they are currently 10p down on aggregate).

[kendonagasaki] 16/1/2020 09:54

The auto centre market seems to be growing faster!Can they maintain that?

[technowiz] 16/1/2020 09:45

i think its going up stumpy. bad mistake me off-loading half at 147p just for a small profit. i got some in the low 140s. but mostly i paid low 160s.

[niggle] 16/1/2020 09:39

Well fwiw I don’t think the results are too bad. Need to dig further. There’s a lot going on - a lot of plates to spin.

[spotdog40] 16/1/2020 09:35

We're fighting against sentiment and shorters here. Hoping this is going to be another PETS ie. Niche retail with growing services. Priced to fail because it's retail, but when the profits keep coming, there's plenty of scope for recovery in today's price.

[stupmy] 16/1/2020 09:28

I've added, but in error, I think we'll see 145/146 today or soon. If we do I'll add again.

[argylerich] 16/1/2020 09:17

Peel Hunt upgrade to reduce. PT remains @ 150
Liberum reiterates Buy. Lowered PT 250 from 300



FWIW I'll offer a close price of 162 today

[stupmy] 16/1/2020 08:15

Wondered the same myself, profits dropping, but more slowly every year for 5 years and now some light at the end of the tunnel, might have seen the bottom. I'll add today at some point.

[kendonagasaki] 16/1/2020 08:13

No fireworks today then....?

[kendonagasaki] 16/1/2020 07:56

A Miracle Toffee...a miracle!They have had a great Q3 as many other retailers have bit the dust!Has Stapleton got any more of this sugar fairy magic dust left?It has certainly saved his bacon for now and the profit year end guidance remains u changed too.Dare I say a recovery may be in play?So the price has bad news priced in today, possible swing shot of 15 basis points or more northwards today.Well done to HFD today.Very, very, very, very lucky.

[stupmy] 16/1/2020 07:27

And there you have it. Upside surprises. Should gap up, wish I'd added yesterday!!

[mr bennn] 15/1/2020 22:12

It's amazing Stapleton is still in a job. Halfords paid him over a million pounds to leave his previous job. What has he done since ? Share price at its lowest for 10 years, staff morale at its worst, IT jobs being outsourced to India. But of course, its the fault of the weather when things go wrong...(at least he cant blame Brexit anymore) 😁

[toffeeman] 15/1/2020 10:08

You short Cambian Kendo?

[poikka] 15/1/2020 09:16

Take your point, Kendosan, could be a few bargains around soon :).

Was hemmed-in by two very smart Mercs at the boozer the other day, seemingly 'owned' by two oiks. Of course, might be very well paid oiks, but...

[poikka] 15/1/2020 09:10

New car registrations

[poikka] 14/1/2020 11:58

For what it's worth: fewer new car sales means more repair work for Auto; wet weather means potholes - tyre sales higher, and stronger £ means better margins eventually. Can't see much movement in bike sales, myself.

Auto well up and retail stagnant? We'll see.