Halfords Share Discussion Threads

[spob] 21/6/2023 17:00

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You wouldn't add up several forward years of electricity and gas bills

and then include that as debt

it is just accounting nonsense

[spob] 21/6/2023 16:57

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You wouldn't add up several years of future employee wages

and then include that as debt would you

that would also be stupid

[spob] 21/6/2023 16:56

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adeg

You are including lease liabilities

which is basically the same as several years of forward rent on their properties

rent is a normal cost of doing business

total debt excluding leases is 2m

[schofi2] 21/6/2023 16:37

Good ending here, shows the direction of travel in HFD.

[schofi2] 21/6/2023 16:35

Halfords full-year like-for-like revenues grew 2.4% to £1.6bn, with growth in Autocenters more than offsetting a decline in Retail.

Underlying operating profit fell 37.1% to £63.6m as inflation and acquisitions pushed costs higher.

Free cash flow was £3.1m compared to an outflow of £14.9m last year. Net debt remained broadly flat year-on-year at £348.7m.

Halfords said that trading in the current year has been good and expects underlying pre-tax profits of around £53.3m, up from £43.5m last year. The group's expected to end the year with a small net cash position, with cash generation weighted towards the second half.

[adeg] 21/6/2023 13:13

"Free Cash Flow of GBP3.1m (FY22: -GBP14.9m) was generated in the year. Group Debt was GBP348.7m (FY22: GBP344.9m)."

Where do you get the £2 million from?

[spob] 21/6/2023 12:39

2m net debt is very high LOL

[adeg] 21/6/2023 12:06

Progressive dividend up 11% with a 5% yield. But the debt looks a little high for me.

I would like to see the debt reduce over the next few years while continuing to increase the dividend.

[schofi2] 21/6/2023 11:15

No, there was no profit warning.
Yes, Strong start to FY24 with market share increases across all categories

[this_is_me] 21/6/2023 09:36

Profit warning? Supporting customers through cost of living problems ie. not able to support shareholders through the same problems.

[yf23_1] 21/6/2023 09:21

Pity they can't get the results text to wrap around the page width. Amateurish at best.

[schofi2] 21/6/2023 08:35

Great results. It proves my point that HFD are now a growth stock and ready for another big bounce.

[boystown] 21/6/2023 07:47

I think I must be valuing a completely different company to the rest of the market here!?

[kendonagasaki] 20/6/2023 21:27

Another new director!Four foot snake how do they need?Results Day tomorrow?Will it be Armageddon day?CEO on a tight rope walk without a balancing stick.Jury is in debate until 7am.

[kendonagasaki] 19/6/2023 22:32

Not too long for the results now!The Auditors are working frantically 24 hours a day to make pig swill into wine!Let us pray it is at least palatable?

[kendonagasaki] 14/6/2023 17:34

A lot of selling at the bell.If results are bad?Then Graham Stapleton needs to resign or be sacked imo.The guy is a chancer and his luck may have finally run out.We shall see....?

[gswredland] 14/6/2023 17:02

The last statement was very good as well

[yf23_1] 14/6/2023 15:08

shh, don't say it too loudly you'll affect the shareprice.

[buoycat] 14/6/2023 14:07

For a business that has a virtual monopoly on car parts, a large share of the cycling market, these shares seem undervalued on a pe of 5.

[gswredland] 14/6/2023 13:53

I have had a few shares where the auditing took longer and the shares dropped and it turned out to be no problem

[yf23_1] 14/6/2023 12:26

A lot of auditing work is taking longer, after the recent fines they may actually be doing their job properly rather than just signing off and pocketing the saving in man-hours.

[ashbox] 14/6/2023 11:55

hopefully the auditors are inefficient ones rather than Halfords!!

[kendonagasaki] 14/6/2023 10:51

Delaying of results?Auditors need more time?The year ended 10 weeks ago!What's going on?

[gswredland] 02/6/2023 10:43

Never thought of this as a takeover target