Halfords Share Discussion Threads

[bigbigdave] 13/7/2021 07:15

Halfords Group PLC
Halfords Group PLC: HALFORDS ENTERS SOFTWARE MARKET WITH LAUNCH OF AVAYLER

13-Jul-2021 / 07:00 GMT/BST


HALFORDS ENTERS SOFTWARE MARKET WITH LAUNCH OF AVAYLER



Halfords establishes new business to offer customer-centric Field Service Management software
One of the largest independent suppliers of tyres to the replacement tyre market in North America is the first customer
13th July 2021 - Halfords, the UK's leading provider of motoring and cycling products and services, has entered the B2B software market with the launch of Avayler: a new business, offering Halfords' proprietary software to streamline service delivery for companies that operate in multiple locations.



Avayler's first customer is today announced as American Tire Distributors Inc. (ATD), one of the largest independent suppliers of tyres to the replacement tyre market in North America and owner of leading online tyre retailer Tirebuyer.com. Avayler's platform will underpin ATD's operations, supplying tyres to 80,000 garages across the US. ATD will also be the exclusive provider of the Avayler Mobile platform to the North American automotive market.



The software was developed to manage Halfords' own garages, mobile vans and retail stores, and brings together systems and services developed inhouse by Halfords.



Avayler brings benefits for both customers and companies alike. The Avayler Mobile product uses algorithms to calculate the available time slots for the customer according to where the nearest van is located and the parts available. It then uses dynamic pricing to value those slots accurately. The customer can track where the van is and receive notifications and updates while the colleague is en route.



The platform ensures companies can calculate the cheapest and quickest routes to their customer; maximise colleague productivity on the job; give details of traffic on the road; and provide the colleague with detailed checklists to ensure a safe and consistent service is provided.



The platform delivers a vastly superior customer experience, with no direct equivalent on the market today. Halfords has been using the platform for 3 years and today it manages over 70,000 services per week. Halfords Mobile Expert van operation, which has a 4.8/5 Trustpilot rating, has seen an 70% increase in job productivity and more than 200% increase in utilisation since it started using the platform, demonstrating the potential benefits to businesses and end-user customer satisfaction.



Avayler will be based in the UK but will serve customers internationally. The company is on track to expand its workforce to more than 45 people over the next 2 years, including 30 software engineers and will continue to develop its IP as an omni-channel service management platform.



Graham Stapleton, CEO of Halfords, said: "We're proud to be launching Avayler today with ATD as our first client. This is an historic moment for Halfords and another major milestone in our transition to become a market leading motoring services focused business. The Avayler platform has enabled us to optimise our motoring services operations across our stores, garages and mobile vans, reducing operating costs, growing profits and delivering a better customer experience. We're very excited about the opportunities this platform will create for Halfords in the UK and internationally."



Stuart Schuette, president and CEO for ATD, said: "At ATD, we're committed to helping our customers thrive in an evolving industry. We continuously search around the world to bring new technology and capabilities that complement our customers' businesses." "As the trend toward mobile tire installation continues to grow, ATD is looking forward to accelerating access to best-in-class technology for our customers that are interested in entering the mob

[greco600] 12/7/2021 09:15

The share price drop is probably just a bit of profit taking and the fact you can travel easier,without having to isolate if your fully vaccinated.Nothing to worry about.Hold for me!

[ptgint] 10/7/2021 16:47

Yes, I noticed the sales you all mentioned but was surprised at the effect it had on the overall market price especially as there still seemed to a reasonable volume of Buys going through. Thanks anyway as there doesn't seem to be any other reason.

[yf23_1] 10/7/2021 15:04

The exercise of options is not a sell its a conversion into shares.
The conversion, in cases, is dependent on performance, hence its quite expected that if performance is ok then why not convert.
Also certain employees have to hold a certain percentage of shares re their position/salary.
It does of course give the option of selling them in the future, but they are not current sell transactions.

[whittler100] 10/7/2021 12:57

Spot on V11

[v11slr] 10/7/2021 11:37

They're managers cashing in performance bonus options that's all.

[ptgint] 10/7/2021 11:22

Yes, it looks that way but I don't understand why. What's changed ?

[kendonagasaki] 09/7/2021 14:58

Every director and his dog selling out here it seems to be?

[yump] 21/6/2021 15:38

Its not being stripped bare. It just needed someone to take an axe to some of the operations. One small Halfords near us shut - it never got many customers - pointless overhead.

People are being trained just to do the things needed to do the jobs. They don't need experts. McDonalds doesn't need Rick Stein.

They're just concentrating on the parts of their markets that deliver the best return. Nobody has to like it.

I don't think the aim is to build repeat customers.

[wynmck] 21/6/2021 07:52

RBC inc tgt price to £5 (450p)Outperform

[kendonagasaki] 18/6/2021 21:20

Maybe but not under this current CEO.Need a professional at the helm if they are truly going to capitalise current gains.Not stripping it bare and running it till everything or everyone drops dead.20 percent in 2 years from here or a 50 percent decline IMO.

[yump] 17/6/2021 16:47

You don’t really understand recovery stocks do you ?

Its already recovered from fairly dire problems and was getting there before covid.

The next step is sustained profitability and dividends.

Those will drive more funds moving in, which they did with PETS.

At that point it won’t have a p/e of 10.

It probably won’t suit the view you’re stuck with, but its the wrong stock to be bearish about.

I suggest you find something else and just admit you’ve misjudged this.

Won the argument about redundancies but you’ll lose the battle about just making money from the stock.

[kendonagasaki] 17/6/2021 16:27

Hot finance an ex employee?What do you take me for?I've been into all my local stores.They have cut retail management by 50 percent and got rid of all full time contracts.It's public knowledge email the CEO if you don't believe me!Two years before they can be judged as a turnaround stock.

[greco600] 17/6/2021 12:55

It's flying!!

[greco600] 17/6/2021 12:43

I was buying them around 80pI did have to sell a few for my house,I'm holding onto the rest for a while yet.Plus we will all start receiving a dividend

[yump] 17/6/2021 12:25

and why didn't I buy more at 100p when it was apparent cycling was going to be big !!

[yump] 17/6/2021 12:24

You would think if people are going to trade, they would at least be able to understand the figures, otherwise might as well select a random horse.

I misread on my mobile earlier but they're aiming at 75mln profit current year, vs 65mln just reported.

That's +15% and eps around 50p.

Anyone who thinks funds won't chase this up, with a reliable dividend needs their head examining.

Suppose they're OK with paying on a p/e of 15 ?

Pets just delivered 20p eps and on a p/e over 20.

[wynmck] 17/6/2021 11:32

P.Hunt rse tgt 480(390)

[bigbigdave] 17/6/2021 10:00

Some right old carp posted on here earlier, great results and imagine broker upgrades to come.

[21ant] 17/6/2021 09:57

I want halfords to do well. I know a lot of people who work there and have a financial interest myself but facts are facts and inaccurate information on here is definitely misleading.
They are a great set of results but the market will look forward and the price has recovered significantly recently already.
As for Halfords making redundancies - I can categorically say they have done including a friend of mine after 17 years service.
Redundancies happen and may not have any impact other than short term knowledge but anyone saying they haven’t happened/continuing to happen is wrong.

[wynmck] 17/6/2021 09:54

yump "Kendo was clearly buying last year and then selling"
he's a regular here ramp then deramp,buy then sell,great company,lousy company-depending whether he's short or long at the time,been doing it with this one for a long time

[steeplejack] 17/6/2021 09:15

Its an excellent update.The company concludes by suggesting that cash surpluses going forward might result in share buybacks or ,i guess,even a special dividend perhaps.Part shortages takes the gloss off a very reassuring set of figures.The stock has been rerated of late and a set of figures this good is probably necessary for the shares to consolidate recent gains around 4 quid.

[yump] 17/6/2021 09:00

As far as I can see:

22.8mln pretax profit after ifrs adjustments.

Targeting 75mln after ifrs

Looking at it on a phone so might be misreading

[yump] 17/6/2021 08:52

Kendo was clearly buying last year and then selling. The posts changed.

Happens a lot.

No consistent view but very consistent with trading.

Not that it has any effect on share prices in larger companies.

[yump] 17/6/2021 08:50

Pulling Halfords back to good profits doesn’t necessarily mean that its good to work there, or that they are skillful.

Its all about concentrating on what they can do in their market, not what individuals think they should do.

Which customers will use them for bikes, cars etc, not which ones won’t.