John Lewis Of Hungerford Share Discussion Threads

[dave4545] 12/11/2021 10:07

amelio

Cheapest stock out there.

And because of that sale you can buy for 1.315p currently, it was 1.6p offer on Wednesday.

Should be 2p really given the profits and debt to net cash switch and orderboook outlook

Actually it should be 3p+

[amelio] 12/11/2021 08:18

Other than stumbling across their rather nice looking website when kitchen hunting this share hasn't really been on my radar, but reading the last years interims, full years and trading update it's looking seriously undervalued in a market that appears very busy at present.

[dave4545] 11/11/2021 14:31

Davidosh

Most people will not notice but that £10k buy was 744949 at 1.34p

Then later on that 300k at 1.5p the premium was 300,020

Add them together you get 1,044,969

Today a 1,044,969 sale appears at 1.241p, a massive one day loss of £1500 for the idiot who did it, fully deserved, hate people like this hope they lose the lot.

[dave4545] 10/11/2021 14:00

1.59p paid another big premium

400k sold 1.435p mm's laughing all the way to the bank as always

[dave4545] 10/11/2021 13:41

Total squeeze unless they find some sellers

300k paying a huge 0.1p premium 1.5p over 1.4p offer at time to get some size and now nothing offered at 1.5p

[davidosh] 10/11/2021 12:57

It looks like someone bought £10k's worth this morning at the open and that has set things moving up as the market makers will have been cleared out with all the smaller buyers that followed.

I am not sure that any analysts or brokers will follow JLH as they are too small but personally I am hoping revenues will get to double figures for the first time this year and could be at least 60% of the way there by the interims based on this information...

Despatched sales, forward committed orders and future orders against which a first stage deposit has been taken, stood at GBP7.4m

Just depends on supply, manufacture and delivery being possible before Christmas shutdown.

[dave4545] 10/11/2021 12:48

NT to buy at 1.4p currently so could be pushing on to 1.5p soon

[dave4545] 09/11/2021 20:01

Any broker forecasts then david ?

They could be making close to £1 million profits at this rate.

It's a mental market, this is £2.33 mil marked cap, it should be at least 2p fair value.

Probably get there in the end, I've been holding a while so no reason to sell this low.

[davidosh] 09/11/2021 10:55

Excellent news and well done to all the team and dedicated staff

Trading Outlook

As stated in our trading update released on 12 August 2021, the Company entered the new financial year with an order book substantially larger than in recent years. The level of orders secured in the first 18 weeks of the year has remained high. Despatched sales, forward committed orders and future orders against which a first stage deposit has been taken, stood at GBP7.4m (2020: GBP4.9m; 2019: GBP4.4m), which is significantly ahead of the previous two year comparatives.


If this continues through the rest of the year then the numbers will look exceptionally good at the interims and beyond

[dave4545] 09/11/2021 10:05

Brilliant results

300k swing second half, net cash now from large net debt

Amazing some can sell on those numbers when market cap is around £2.3 mil

Doing better than a lot of £10-30 mil stocks

[dave4545] 04/10/2021 15:31

Be certain it's the same person.

They are doing it everywhere. If a mm was working a sell they would book 700k or 750k or a 1 million at 1.12p after the buy if it was a different person not the exact same random number.

Somebody else has just sold below the bid as well 400k at 1.08p, wish I could buy at that level, perhaps I will be able to.

[graham1ty] 04/10/2021 13:56

Or Dave, it is two different people. Market maker knew there was a seller, so could confidently sell 703,021 shares (at a nice premium). Then, one call later, had bid the seller 1.12p ( a nice low price). Buyer gets reasonable size. Seller gets reasonable size. Market maker takes £1000 out of the middle ?

[dave4545] 04/10/2021 10:09

Crazy trader today

Buys 703k today, so quiet atm you think they are taking advantage of the size offered to get a position then they sell it again miles under the bid and lose £1000 in 20 minutes.

[dave4545] 23/8/2021 11:34

I think it's just par for the course with retail to have "sales"

I bet Next who make fortunes are always having "sales" it's just a clever way of producing new sales.

[georgeghutton] 23/8/2021 09:11

It’s the timing but that I can’t get my head around. Interesting that no one is sure what their actual metric is. Can’t reconcile the fact they are so busy they can’t take orders pre Nov and they are still having another sale. Have to admit very confused.

[davidosh] 20/8/2021 15:48

As I understand it the £4.7m is their total order book. Recorded sales is different to dispatched. I would think the difference is orders at full deposit for the £2.3m in production and then orders with a first stage deposit, which is how JLH have stated this before, is the £2.4m

[dave4545] 20/8/2021 14:19

No idea George

I just know somebody that in their area had to wait 4 months for their kitchen booking they were that busy, if it's the same everywhere they operate then it could be that good.
Market is desperate, people are selling this at rock bottom prices after a update like that, it should be 1.5-2p minimum

[georgeghutton] 20/8/2021 13:17

So a question. As I read it, they did 2.3m in sales from end June, right? I can't quite make sense of it to be honest. " for FY22 currently stands at £4.7m. This comprises £2.3m of sales recorded to date and £2.4m of forward orders". So is that 2.3m is sales recorded to date, FY22, from 30 June. To the 12th August. So 2.3m in six weeks. But if not that, then what is this number? Becasue 2.3m in six weeks would be, perhaps, a surprise. And new orders of 2.4m, in six weeks again? Can anyone put me straight??

[dave4545] 13/8/2021 16:14

Of course it is because the first half was full of lockdowns etc etc

They made so much in the second half to recover it.

Everybody is in the same boat here.

So if it was 6 months later they would be reporting a £250k profit for 6 months and if repeated a 500k+ profit for full year next to a £2.33 market cap

do you want blood MRF ?