Gooffy
11 Nov 2016
Oo a halfords advert! Why did this go so high, nice divi share for me.Retail being walloped, just needs some takeover activity and it will recover.
Hardboy
11 Nov 2016
Beauforts' View Our view: Halfords registered reasonable LFL growth during the H1 with growth across all divisions and market share gains in both Motoring and Cycling. The Group, however, saw pre-tax profit fell sharply down as operating costs increased, together with decline in Retail gross margin (86% of revenue) by -2.75%. The margin was impacted due to promotional activity and investment in staff remuneration to lower the staff turnover. Beyond this, weaker Sterling against the US Dollar will bring cost headwinds going forward, having already seen the average hedged US$ rate declined from US$1.56 to US$1.46 during the period. To cope with this, the management said it has a number of mitigation plan for the foreign exchange movement in place, including working with suppliers, price, cost/process efficiencies and alternative product sourcing. The Group also reiterated its full year pre-tax profit guidance, which remains in line with market consensus. We believe the Group will increasingly feel pressured from the adverse foreign currency movement having spot rate now down to c.US$1.25 as well as from National Living Wage pressures along with continued investment to service their 'Moving Up a Gear' initiative. The shares are valued at FY2017E and FY2018E P/E multiples of both 10.5x periods with dividend yields of 5.3% and 5.4%. This represents a slight discount to the sector 2016E average of 12.0x, which is probably correct given the limited opportunity to surprise on the positive during the second half. Beaufort therefore has decided to downgrades Halfords from Buy to Hold while expecting the shares to range trade between 300p and 330p.
II Editor
06 Sep 2016
NEW ARTICLE: Halfords shares keeps pedalling north "A year ago, LSE:HFD:Halfords had a stinker. Persistent rain and stiff competition hit the bikes business, teasing a profits warning from the car parts and cycles chain. Pedal forward 12 months, and the combination of a great end to the British ..."[link]
mtap
01 Sep 2016
Re: What's up? I was asking myself that, smells like someone knows something we don't!
shabby 2 sox
31 Aug 2016
What's up? Have Bradley and Chris retired!
divvent argie
04 Aug 2016
Ex-Div Holding up well considering it went ex-d today. £/$ stable maybe even improving. Carney words of wisdom later today. Trading update 6th Sept post Olympics. Glad I bought in on Tuesday for the divi and sitting tight for an sp rise - hopefully.
Lupo di mare
12 Jul 2016
Re: HFD long Theresa May's appointment has helped the exchange rates. It's early days, but property in London is picking up and foreign companies that were adding to the doom and gloom are saying that they're staying after all. Then there's Ossie heading off for trading talks to add to the joy.Well done to those who were on brave enough to make a few bob here.I just held HFD, but took on some ITV.
soi
11 Jul 2016
Re: HFD long Decided to take a chance on a long here @ 304.76, certainly has fallen a long way..................324.98 closed for a quick + 6.7 %ATBsoi
Lupo di mare
09 Jul 2016
Re: HFD long This is a difficult one for me. On the face of it, HFD's sp fall has provided a brilliant buying opportunity, but so much depends on how much further, if any, the £ might fall. All their products are going to become that much more expensive, as most if not all are imported.Let's see what Carney has to say next week, so far he's managed to talk down the UK's prospects and the £ quite successfully! Atm, the £ seems to have stabilised, but it's early days.I'm holding fire and see no hurry to commit any further here.
soi
07 Jul 2016
HFD long HiDecided to take a chance on a long here @ 304.76, certainly has fallen a long way.Prepared to wait.ATBsoi
Simbr
02 Jun 2016
excellent fy16!! Halfords delivered excellent performance in FY 2016 on both financial and operational fronts. The company's retail segment led growth, with the motoring side of the business recording higher sales, despite unfavourable weather conditions. Cycling sales were down due to strong comparatives, poor weather and discounting across the market. Service-related sales increased 8.5%, driven in particular by cycle repair and elements of motoring fitting, such as audio and roof boxes. Halfords' Autocentres segment continued its growth momentum, recording higher margins and LFL sales growth for the 10th consecutive quarter. The company's Moving Up a Gear strategy, targeted at driving sustainable long-term growth, is developing well, including a step change in customer data, introduction of new services, product innovation and exciting collaborations. The acquisitions of Tredz and Wheelies are expected to add to capabilities in online sales of premium bikes and PACs. In light of Halfords' healthy progress in FY 2016 and bright prospects for FY 2017...scraped from researchtree this morning - from Beaufort
Simbrad
02 Jun 2016
Beauforts note from this morning: "Halfords delivered excellent performance in FY 2016 on both financial and operational fronts. The company's retail segment led growth, with the motoring side of the business recording higher sales, despite unfavourable weather conditions. Cycling sales were down due to strong comparatives, poor weather and discounting across the market. Service-related sales increased 8.5%, driven in particular by cycle repair and elements of motoring fitting, such as audio and roof boxes. Halfords' Autocentres segment continued its growth momentum, recording higher margins and LFL sales growth for the 10th consecutive quarter. The company's Moving Up a Gear strategy, targeted at driving sustainable long-term growth, is developing well, including a step change in customer data, introduction of new services, product innovation and exciting collaborations. The acquisitions of Tredz and Wheelies are expected to add to capabilities in online sales of premium bikes and PACs. In light of Halfords' healthy progress in FY 2016 and bright prospects for FY 2017..." It's up on Research Tree
II Editor
01 Jun 2016
NEW ARTICLE: Halfords pounded for currency threat "There were things to like in LSE:HFD:Halfords' full-year results. Boss Jill McDonald talked about market share growth, better cycling sales in the second half, and a tenth consecutive quarter of like-for-like sales growth in the Autocentres ..."[link]
paddington_bear
01 Jun 2016
Finding first gear FY results were flat everywhere (1-3% variations from 2015), except debt that continues to drop from £62m to £48m or 22.5%. Therefore a solid profit. Dividend up 3%. The exciting acquisition of Tredz and Wheelies took place after year end. Share price up 100 pence in five months looking a little stretched.A creditable effort, with the company claiming better market share, and the stabilizers seem to have worked. It is now up to the newish management to point the vehicle in a good direction and engage first gear.PB.
II Editor
18 May 2016
NEW ARTICLE: Trade brewing at Halfords? "HalfordsFrom a near-term perspective, it starts to appear something viable is about to happen with LSE:HFD:Halfords. Perhaps it's due to Summer approaching, along with the perceived need to buy cycles.Near-term, there's a pretty good chance that ..."[link]
