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HFD Halfords Group Plc

1.40 (0.92%)
Last Updated: 09:19:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Halfords Group Plc LSE:HFD London Ordinary Share GB00B012TP20 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.40 0.92% 153.00 20,116 09:19:10
Bid Price Offer Price High Price Low Price Open Price
152.80 153.40 154.00 152.00 154.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 1.59B 34M 0.1553 9.84 334.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:19:00 AT 5,000 153.00 GBX

Halfords (HFD) Latest News

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Halfords Forums and Chat

Date Time Title Posts
22/5/202414:18Halfords thread with charts656
23/2/201709:26Halfords - good value - possible bid??47
31/12/201300:19Hedge Fund - Technical Strategy19
31/12/201300:15HALFORDS: AUTO PARTS better by HALF248

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Halfords (HFD) Most Recent Trades

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Halfords (HFD) Top Chat Posts

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Posted at 30/5/2024 09:20 by Halfords Daily Update
Halfords Group Plc is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker HFD. The last closing price for Halfords was 151.60p.
Halfords currently has 218,928,736 shares in issue. The market capitalisation of Halfords is £334,523,109.
Halfords has a price to earnings ratio (PE ratio) of 9.84.
This morning HFD shares opened at 154p
Posted at 14/5/2024 14:01 by argylerich
Worldquant reduce to 0.48% taking them off the radar for now. Total declared shorts now 2.22%.
Major hat tip to worldquant for reducing all the way from 1.31% and not shifting the price.
Posted at 10/5/2024 10:57 by schofi2
You would have to be crazy to short HFD and most other stocks with the current positive environment. The UK is going to hit a very sweet spot on the economy in the next 6 months.
Inflation below 2%
Interest rates reduced slightly.
More money in peoples pockets.
A rising stock market which will feed itself.
not guaranteed but 95% certain.
Posted at 28/2/2024 17:44 by hamhamham1
Bought in today in mid 140s.
Little debt, still profitable.
The storm clouds will pass and the sun will come out again.
I wonder if there will be a bit if opportunisn appearing on depressed share price?

-though £1.4bn was combined value. Not hfd takeout :)

A £1.4 billion bid for Halfords from Redde Northgate has been dismissed because it “undervalues” the bike and car parts retailer, according to reports.

That may not be the end of a potential deal, though. The Sunday Telegraph quoted a source as saying: “There were discussions about what an integration of the two businesses might look like, but there were questions over the valuations of both companies.

“Both share prices weren’t doing fantastically well at the time, so there is nothing live at the moment. However, it could come back.”
Posted at 28/2/2024 17:25 by darrin1471
It may depend upon who we buy the EV's from. Who is going to be selling us the small EVs. I assume China. Are the new names going to be setting up a dealer network. They could sell online with a few showrooms and all the warranty work could go through a network like HFD
Posted at 28/2/2024 16:40 by darrin1471
HFD are rightly IMO selling into the mass cycle market. Leaving upper price points to specialist shops where you can get specialist advice.

I would agree that HFD is a trusted brand but I would also say that a customer on a budget and a little knowledge can get the same done significantly cheaper by an independant garage.

Most shares could be the subject of a bid at anytime so that should not be a reason to invest. Today was a nasty surprise. After so many recent acquisitions there has to be risk of more bad news ahead.
Posted at 28/2/2024 13:20 by darrin1471
sooty. I have watched TND for a while. It's easy to move the price on low volume. In February just over 200,000 shares traded and the share price jumps more than 60%.
MCB is my largest holding. I bought at the low and added up to 50p with an average of 29p. I still hold in full. Half year is in the bag. FY is a p/e of 5.3 on record profits. A p/e of 8 on the forecast is a 50% upside from todays price. Happy to discuss on the MCB thread.
Posted at 28/2/2024 10:54 by darrin1471
Cycle industry is imploding. Covid boom and bust. Lots of closures and bankruptcies. Stock being cleared at low prices for survival and by those in insolvency. Lots of examples on the TND tread. Worldwide phenonium, not just a UK thing.

IMO the EV industry will shake up the car service sector and maybe the car dealerships. HFD have the scale to be a long term beneficiary.
Posted at 28/2/2024 09:35 by darrin1471
Lodge tyre business HFD bought is 90% B2B and has 248 mobile fitting vans so it is not the same as HFD car servicing.
The sudden drop in PBT shows lack of financial controls and forecasts.
Poor free cash flow in the last 2 financial years with increasing debt/ebitda ratio has to put the dividend under pressure or under threat.
I hold no position in HFD, long or short. Just watching.
Posted at 30/11/2023 07:00 by waldron
Why Halfords shares just crashed 20%

Having recently traded at a one-year high, shares in this bikes-to-car parts retailer have plunged in spectacular fashion. City writer Graeme Evans explains what's gone wrong and what the analysts think.

29th November 2023 15:44

by Graeme Evans from interactive investor



A setback for Halfords Group HFD due to tougher conditions in cycling and tyre markets today failed to dent City optimism that the retail and car servicing business is on the right track.

The shares skidded 43.2p to 185.4p, wiping out this month’s strong rebound as interim results tightened full-year guidance towards the lower end of the previous range.

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Broker Peel Hunt told clients that the share price weakness should be used as an opportunity as it reiterated a target price of 275p. It said: “In our view, management is doing pretty much everything right to control the controllables and the market will turn in time.”

Counterparts at Singer Capital had a similar message after seeing Halfords grow market share across its four segments of retail motoring, cycling, consumer tyres and car servicing.

It also said that the shift to needs-driven services is gaining traction, acting as a buffer to the current pressure on discretionary spending.

While half-year profits rose in line with expectations by 15.8% to £21.3 million and the dividend for payment on 19 January is unchanged at 3p, the outlook has been clouded by weaker big ticket spending and subdued growth in the consumer tyre market.

Singer said: “This should prove to be a bump in the road as real incomes recover, fuel prices reduce and consumer confidence thaws. A cold snap is also imminent. For this reason we are not changing our target price and would buy on weakness.”

Halfords now sees profits for the financial year in the range of £48 million to £53 million, equating to a 5%-6% downgrade on the City consensus. However, the company remains confident in its mid-term plan for £90-£110 million profits as long as conditions stabilise.

Chief executive Graham Stapleton is particularly encouraged by the strong performance of Autocentres, where significantly improved returns have prompted the company to accelerate capital investment in the garage services operating model.

The group is on track to deliver £30 million of cost savings in this financial year, although the City expects April 2024’s National Living Wage will add £5 million to future assumptions.

Investec Securities cut its 2024/25 forecast by 20% today but has maintained its “buy” recommendation with a lower price target of 235p.

The broker said management had a credible long-term vision to become a one-stop-shop for all vehicle ownership, having set out its plans at a capital markets day in April.

Investec added that delivery of these targets would drive higher profitability, implying a sustainable double-digit earnings per share growth story.

It said: “Neither this longer-term growth opportunity nor the strength of its cash generation is reflected in current valuation, in our view, with the market more focused on the short-term weak macro backdrop and need for better visibility on a market recovery.”

These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website.
Posted at 18/11/2023 17:42 by schofi2
Van rental outfit Redde Northgate has made a £1.4bn merger approach for the high street bike and car repair chain Halfords.

It is understood that the pair have held detailed talks about a possible tie-up after Redde Northgate, which owns 130,000 vans and corporate cars in the UK and Spain, made a firm proposal to Halfords.

A City source said Redde Northgate had proposed a nil-premium merger, but the discussions were abandoned because of disagreements over price. The Halfords board is thought to have concluded that any such deal on the terms laid out would have undervalued the company.

However, it is believed that Redde Northgate could mount a fresh bid if the valuation gap between the two sides closes. It is understood that the Takeover Panel was informed of the discussions, which took place in the last few months.

A source close to the negotiations said: “There were discussions about what an integration of the two businesses might look like but there were questions over the valuations of both companies.

“Both share prices weren’t doing fantastically well at the time so there is nothing live at the moment. However, it could come back.”
Founded in 1892, Halfords is one of the most recognisable and biggest names on the high street. It has roughly 12,000 employees, nearly 400 stores, and close to 650 garages providing full repairs, MOT’s and other services. Its annual turnover was £1.6bn last year.

At current values, a nil-premium merger would value the combined company at close to £1.4bn.

With its shares trading at 365p, Redde Northgate has a market cap of £843m. Halford’s shares were changing hands at 234p on Friday, giving it a stock market value of £512m.

Halfords’ share price is up 8pc this year, but 20pc over the last month. Shares in Redde Northgate have fallen 12pc since the beginning of 2023, but have climbed 13pc in the last four weeks.

For the time being, Halfords has its sights set on much smaller targets. The retailer is among the bidders for Wiggle, the online bike chain that collapsed into administration last month.

Redde Northgate was created during the pandemic when van rental specialist Northgate joined forces with Redde, formerly known as Helphire, which sorts accident claims from businesses and company fleets. It went on to snap up the remnants of vehicle repair provider Nationwide Accident Services.

The company’s customers were historically the smaller end of the market but it has added some large corporate clients including Royal Mail, as well as several government departments and local authorities.

Chief executive Martin Ward has said that its customers prefer vehicle rental over ownership because it provides “flexibility over the cost of owning vehicles”.

In recent years, growth at Halfords has increasingly been driven by its network of car garages, which are more profitable than selling bikes. Sales now represent 40pc of total group turnover compared with just 14pc five years ago.

The company’s stated aim is to become “a motoring services-focused business”. It experienced a boom in cycle sales during lockdown but that soon fizzled out.

Halfords used to be owned by pharmacy giant Boots before it was sold to private equity firm CVC in 2002. It returned to the stock market in 2004.

Redde Northgate and Halfords both declined to comment.
Halfords share price data is direct from the London Stock Exchange

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