Halfords Share Discussion Threads

[hamhamham1] 23/6/2022 08:15

WTH, I bought 3k and then 1.5k, so hold 4.5k of these this morning.

[hamhamham1] 23/6/2022 07:42

Looking at previous RNSs, are they in the habit of selling their freehold and leasing back, great for one years accounting buy then a lease burden forever.

[hamhamham1] 23/6/2022 06:53

Is it just lease debt or 344 debt after removing the lease debt?

[hamhamham1] 23/6/2022 06:51

Itisonlymoney, i am looking at these, you seem quite level headed, they have come down a lot, saw you post saying they have no debt, then looking at recent RNS and it said they did have, am a bit confused?

"It ended the 52 weeks to 1 April with cash of £46.1mm, but overall net debt of £344.9m after IFRS 16 lease debt"

[darrin1471] 22/6/2022 14:20

Only speculation but JPMorgan dropped below 5% on March 18th. They then had about 10m.
They may have used the higher volume around results to clear remaining holding.

[blueball] 22/6/2022 13:52

Down 200p since January not good for investors.

[itisonlymoney] 22/6/2022 13:01

not sure bout this now. sentiment seems strongly against hfd. only a little bounce and soon faded. gonna need something frm management and i don't think they'll be saying anything. shame, but that's the stockmarket for you. i might give it a day but then i'm out. gla.

[roguetraderuk] 22/6/2022 12:14

Setting up a tyre service is one of the easiest business to set up

darrin. it used to be. i started a garage inc a body and tyre shop about 10-15 years ago and it was so much easier then without all of the h&s training and now environmental/disposal issues you get today. i would agree and say its so much easier to do a black market tyre fitting shop based on used tyres, but eventually youll be shopped by taxing competitors and rightly so.
the guy that bought it off me had to close down due to environmental costs and turned it into a detailing spot which to be fair is going better for him but he is cutting corners here and there from what i heard.

back to hfd looks like that vaccine gap needs to be filled.

[riverman77] 22/6/2022 12:11

Wouldn't be surprised if PE swooped but see little chance of them going bust this time - pretty solid balance sheet will see them through any downturn.

[my retirement fund] 22/6/2022 11:58

Didn't this outfit practically go bust in the 90's and get sold to private equity for a quid ?

History repeating ?

[pojscott] 21/6/2022 18:40

Gotta B a good buy at this price.

[blueball] 21/6/2022 16:28

In frefall.

[yf23_1] 19/6/2022 19:01

Anybody would think they're making a loss looking at the chart not £65m+ !

[itisonlymoney] 19/6/2022 16:57

darrin, that all sounds very reasonable until you go and look outside. petrol is £9 a gallon and £100 to fill up an avg car, but what's going on on the street? the roads are full up with cars. i don't see loads of people walking to the supermarket, or walking anywhere for that matter. i don't see loads of bicycles. but i do see loads of cars. on every motorway, every lane is full up with cars. sometimes there's so many the mway slows to a crawl. every urban street moves at near walking pace. three quarters of all households have a car, and many have several. People won't be giving them up.

They will all be taking them for an annual MOT and the tester will be failing more and more of them, and they will rush round to a Halfords or some other tyre seller, and buy tyres and services. Halfords has one the strongest brand names. the second hand car market supports halfords where the new car market doesn't so i reckon its revenue is assured. another thing to keep in mind - look at all of the forecasts from the hfd management. they are always pessimistic and beating their own forecasts. amd if tehy ONLY make 65m to 75m that is a p/e of about 5. current price gives a divi yield of 6%. pretty good investment at twice this share price i reckon. dyor.

[darrin1471] 19/6/2022 11:05

yump. New cars become old cars, recession or not. Fewer new cars now is fewer old cars in a few years. The number of tyres sold is related to the number of miles driven. High cost of petrol and consumer inflation squeeze indicates less miles and less tyres.
Consumers are more likely to be more price conscious. Trading down, buying recycled, driving tyres to the minimum and beyond.
Setting up a tyre service is one of the easiest business to set up in for hardworking young entrepreneur. Low technical skill, start up costs and overheads.
No research, just gut reactions.

Low p/e screams a buy but low p/e often indicates market does not think profits and p/e are sustainable.
Current low share price is equal to Feb 2020 pre covid share price. Why was the share price so low in Feb 2020. Apart from a boom in bike sales during covid what has changed?

Positive gut feelings. Electric is the future. Bikes, scooters and cars. All need tyres, brakes, bulbs, wipers etc. Electric is a disruptor to change the whole industry. Will the dealer franchise model survive? Will manufacturers outsource general maintenance to a national company like Halfords. Electric is medium term.

[schofi2] 17/6/2022 15:59

Ha ha hahahaha

[milliecusto] 17/6/2022 14:29

So what you saying is that the Halfords have hit their close, sorry but I think a very premature buy

[castleford tiger] 17/6/2022 13:06

sold at 1.50....... no commission to sell as its a closing cleared £4850.00
It will help my losses on Jet2 that I am still running
tiger

[yump] 17/6/2022 13:05

I love the personal anecdotal rationalisations for share price falls.

The time to buy is when everyone is conflating a poor share price with every negative they can find and various cliches that they've heard - because that is the easiest thing to do.

Quite possible that without Ukraine and the supply chain issues, the National takeover might have been seen as a genius move.

New cars have new tyres that last for 20,000 miles +.
Are more tyres sold in a recession as a result of fewer new cars being sold and people making do (shock horror) with a less than shiny used car ?

Dropping share prices are a challenge to whether you actually have any grasp of the business and its market. Much trickier than buying just because the share price is rising.

I've never seen ADVFN so quiet. Presumably all the rampers are asleep having eaten way too much humble pie.

[yump] 17/6/2022 12:31

Porsche

Perhaps you could enlighten us all with shares you actually have bought. I bet there are no duff ones in there.

At least you can give yourself a pat on the back for posting on shares that have dropped a lot. Takes a genius financial mind to do that.

[schofi2] 17/6/2022 12:29

Brokers think this has an upside of over 200%. I'm fully loaded. Ignore the trolls.

Google search
Halfords Group Share Forecast, Price & News

[porsche1945] 17/6/2022 09:38

You spent 70,000 quid on this shxt?

[castleford tiger] 17/6/2022 07:18

I added 50000 shares at under 140p.
12'18 months out these will be fine.

Who knows until then

[darrin1471] 16/6/2022 21:59

yump. I said it was "worth a bit of basic research at this price" and my "gut feeling"
My gut feeling is that Halfords sells online at the same price as instore. Instore with all of the overheads. Own brand Halfords products are made in the same Chinese factories as other internet sellers who can sell at a lower price as they do not have the retail overheads.
Halfords motoring services is a trusted brand and people pay a premium in good times for convenience. In hard times some will shop around and will easily find a better price.
National Tyres and autocare does not look an easy rebranding exercise. Their estate looks very different to a Halfords. A ragtag of converted ex shops, petrol stations and industrial buildings. I wonder who owns the properties and how long the leases are? Halfords has dropped 55% since the acquisition.