Halfords Share Discussion Threads

[kendonagasaki] 13/3/2023 17:35

Looks like the city are pricing this for a bad set of results due?

[kendonagasaki] 08/3/2023 08:57

I'm expecting Halfords to pull a rabbit out of the hat on results day?

[pb_1] 16/2/2023 14:48

If HFD want to get more business they could do more to improve their customer service - in particular, the first customer contact experience to the local Halfords store! I did this yesterday (I am an HFD shareholder) and the experience was abysmal!

First, calling the website number telephone results in lots of meaningless and long messages, many buttons to press and long guitar recitals before you get to actually speak to someone.

Then, if you do actually get to speak to a human being, a pointless discussion, without any success, to get actually call the local store (this number is not available to the public at all) - not at all successful, but then a promise that they would will get back to you – over 24 hours later this still hasn't happened!

Dear HFD: This is the age of speed an convenience and excellent customer service. People just want to contact a local store with out all that hassle – sorry, very disappointed - HFD please buck up!

[balcony] 02/2/2023 11:51

Going well last few days.

[schofi2] 02/2/2023 11:45

I've made a lot of money over the years buying/selling Halfords, it's a very volatile stock.
It still has a long way to go IMHO. Check out its price history to see where it can go, especially now it has a great plan to grow as a business over the years.

[kendonagasaki] 25/1/2023 17:09

RNS.Stavvo has reinvested his dividends.Looking optimistic?

[kendonagasaki] 12/1/2023 18:45

I have always said this could be taken over.They are in no position to fend of any bidders?

[fuji99] 12/1/2023 15:13

For information, here are the UK companies taken over or about to be:
SOPH (Sophos), DTY, STAN, MCRO, PRSM, AVV, AVST.
"European private equity yet to spend €270bn worth of capital" - - -

[schofi2] 12/1/2023 14:10

Filtered... Some people can't help themselves.

[schofi2] 12/1/2023 13:31

Exactly yump, HFD's are looking more like a growth stock with recent strategies put in place. I'm holding for the long term.

[aringadingding] 12/1/2023 13:30

fuji99, agreed. See Dignity for a recent example

[schofi2] 12/1/2023 13:26

Please be respectful on this BB

[fuji99] 12/1/2023 13:10

With rail strikes going on all the time, who doesn't need a car - thus tyres change ?

[schofi2] 12/1/2023 12:58

Yes a disappointing update with profit forecast down from 65 to 75 to 50 to 60 million. Yes some cost and other pressures but revenues well up and poised well for the recovery later in the year. Doing better than the competition as well,gaining market share.
At current price trading on 7.6 P/E with profits on the low side £50 million.

[yump] 12/1/2023 12:57

If the economy had not changed for the worse this year, everyone would be praising the acquisition strategy.

Lodge tyre was acquired for about 2x revenue, 10x pbt, with clear synergies that would under normal cicunstances, result in profit uplifts.

Loads of businesses are having problems. In some cases like DLG, they are full of lame excuses. In other cases they’ve been taken down by unpredictable external factors.

You could argue that HFD have anticipated economic problems, by drastically reducing their dependence on discretionary purchases.

[schofi2] 12/1/2023 12:55

A disappointing update with profit forecast down from 65 to 75 to 50 to 60 million. Yes some cost and other pressures but revenues well up and poised well for the recovery later in the year. Doing better than the competition as well,gaining market share.
At current price trading on 7.6 P/E with profits on the low side £50 million.

[fuji99] 12/1/2023 12:49

For a very small market cap of around 350M, turnover is over 1.2B, making a profit and with a decent dividend yield. UK companies are really becoming peanuts nowadays. I won't be surprised to see such a sound steady business taken over by those "vultures Capital".

[yump] 12/1/2023 12:43

Ignore Kendo - just changes view of the business depending in whether the share price is going up or down.

[yump] 12/1/2023 12:42

Kinwah

You might be driving like that but most people don’t bother.

More likely they are putting off buying tyres until the MOT forces the issue and trading down to budget tyres just like shoppers buying own label food.

Easy to blame a strategy after external circumstances turn bad.

Where would Hslfords have been without the tyre businesses ? Reliant on even more discretionary sales.

[aringadingding] 12/1/2023 11:19

PS yes I wouldn't be surprised if come the end of today it is more like down 15% rather than 19%. Markets have had a great start to the year. I think a key issue for markets will be gas stocks going into winter 2023/4, versus Ukraine war.

[aringadingding] 12/1/2023 11:17

For me the key point is the number of cars on the road in the UK. The shares are good value and the number of cars on the road is continuing to trend upwards. In between those two factors is a whole load of issues around the management etc., which obviously are important, I get that. Maybe it's not the best proposition ever but as an established company with reasonable growth prospects, at good value, it seems a good portfolio constituent to me.

[kinwah] 12/1/2023 11:05

The poor sales of tyres was predictable. Not only are people driving less because of high fuel prices, they are also driving to minimise fuel usage by not speeding, braking hard etc which also reduces tyre wear. I don't see any quick recovery in tyre sales.

[kendonagasaki] 12/1/2023 11:04

So they over expanded and did not deliver!A major rehaule required here and fast.They have 690 million debt to service and that has to be paid no matter what?