HVN - Harvey Norman Holdings

[rryall]

Re: HVN - Harvey Norman

It's been a while since anyone's talked about this share.

What are people's thought's given the recent sales announcements and share price?

tommymac

I bought in at just over $2 a couple of months ago, they are spending lots on advertising to increase market share. Closest competitor is JB however they target a younger generation and are only in electronics. I am looking long term 5+ years..

DYOR as I am only a newbie.

 

[justiceotp]

Re: HVN - Harvey Norman

They actually announced they would decrease advertising spend,it was around 60 Million dollars for the year and they are loosing money in Ireland due to the severe recession there.
Links below news articles of both
http://www.smarthouse.com.au/TVs_And_Large_Display/Industry/W3L4F2T2
http://www.theaustralian.news.com.au/story/0,25197,24433004-7582,00.html

 

[Glen48]

Re: HVN - Harvey Norman

Steve Keen on TV tonight told all that firms like HN are not a good investment because of the credit bubble and the lines they sell such as electronics.

 

[Real1ty]

Re: HVN - Harvey Norman

I had a Fridge pack up on me just prior to Christmas and had to replace it.

When i went into the store and started asking about prices i was bombarded with discounts without even asking.

"This one is $1290.00 but we will do it for $899.00 etc etc.

I got mine for a $400.00 discount to its marked price.

On the way out i went to check on the price of a Plasma i have had my eye on and know what they sell for and was offered it at a $330.00 discount to its normal price.

I got talking to the guy and he said things had been very quiet and they were instructed to move items, not much more, just move them.

This may not be indicative of every store but if it is margins will be really tested.

 

[prawn_86]

Re: HVN - Harvey Norman

I would never own HVN shares purely due to their lack of customer service.

I have walked in there on numerous occasions and started browsing and never once have someone come up and ask if i need help. And its not as though i was looking at small things, a couple of times was when i was looking for a plasma TV. So after about 5 minutes of standing around trying to get someones attention i just left and went elsewhere.

Again it may be an indication of just the couple of stores i visited, but its enough to turn me off their shares, even if there wasn't a downturn

 

[nomore4s]

Re: HVN - Harvey Norman

I would never own HVN shares purely due to their lack of customer service.

I have walked in there on numerous occasions and started browsing and never once have someone come up and ask if i need help. And its not as though i was looking at small things, a couple of times was when i was looking for a plasma TV. So after about 5 minutes of standing around trying to get someones attention i just left and went elsewhere.

Again it may be an indication of just the couple of stores i visited, but its enough to turn me off their shares, even if there wasn't a downturn

I've had the same problems with HVN up here, the service is cr@p and won't shop there if we can help it.
When I moved house a few months ago, went to get a new TV and washing machine but couldn't get anyone to serve us at HVN so went to The Good Guys instead and had no issues there.

 

[ned_beaty]

Re: HVN - Harvey Norman

If only the service was the only problem with HVN. I think they have big debt problems as the borrowed heavily to expand into Ireland just before the Irish economy tanked!! No-one is spending over there, all the banks have been nationalized and property values have crashed in the order of 60%. Also their expantion into office suplys here was a disaster with the OFIS stores all being shut down now. These stores will be a huge loss for the Australian operations to bail out, combined with slowing economy here I think there are substantial risks involved with this company. Just my 2c worth.

 

[skc]

Re: HVN - Harvey Norman

HVN up a pretty 5.7% on a sea of red.

Anyone seen any news?

No other retailer is moving so it's nothing macro economics related from what I can see.

 

[matty77]

Re: HVN - Harvey Norman

haha I laughed so hard, quote from Gerry Harvey..

There's a lot of discounting, so if you're a very good retailer you got to fix up your mix of business so that you discount the **** out of something to try and pick it out on something else.

"And if you're discounting the **** out of something and you can't pick it up on something else, guess what happens - you go broke.''

http://www.news.com.au/business/bre...ays-gerry-harvey/story-e6frfkur-1225834833789

 

[nooberator]

Re: HVN - Harvey Norman

anyone notice the big slide for harvery norman?

you think it will be a good buy if it hits $3.30

 

[McCoy Pauley]

Re: HVN - Harvey Norman

anyone notice the big slide for harvery norman?

you think it will be a good buy if it hits $3.30

Gerry talked down his own company by comparing the conditions for retailers as being worse than during the GFC late last week.

Also, I think some consumers are beginning to realise that you can buy things a lot cheaper online, especially with the Aussie dollar at or near parity with the US dollar.

 

[iced earth]

Re: HVN - Harvey Norman

HVN : 21.10.10

The share could not pass the resistance line (white) and recently broke down the support line (Purple) and now testing Fibo 50% . if this can not hold it we should expect the next support level at around 2.96$ (Fibo 61.8 %) Momentum also is near important 0 level and passing down this level could cause more downtrend (Fig 1)


from another point of view share price is testing another support line (yellow). this line can be Neck Line for tilted Head & Shoulders pattern. If the line passed down the target could b around 1.8$ which is the lowest price of HVN in FEB 2009. (Fig 2)

 

[nooberator]

Re: HVN - Harvey Norman

thanks for the t/a, im not sure what i was thinking wanting to buy this.
.

 

[Julia]

Re: HVN - Harvey Norman

thanks for the t/a, im not sure what i was thinking wanting to buy this.
.

Perhaps what you were thinking is that this is one of Australia's most well run retail companies which, in more certain times, has done very well.

Why have you suddenly decided - as per your above post - that it has suddenly become a dog?

 

[iced earth]

Re: HVN - Harvey Norman

may be this article could explain the difficulties of retailers such as HVN:

http://www.reuters.com/article/idAFSGE67207R20100804?rpc=44

 

[brty]

Re: HVN - Harvey Norman

Over the last few weeks this stock has been meandering back to support in one continuous move except for one 3 day rally. Being large iconic retailer, it is difficult to see it going straight down from here.

The reasons given as to why the share price is falling, were just as relevant a couple of months ago when the price rose from ~$3.20 to ~$3.90, while making a series of higher lows and higher highs.

Anyway I bought a few thousand shares at $3.40 and will be buying more if the price gets to $3.28. I'm expecting a bounce to around $3.70as a minimum, but will see what the market wants to deliver. I can always be wrong and everyone else correct.

brty

 

[nooberator]

Re: HVN - Harvey Norman

Perhaps what you were thinking is that this is one of Australia's most well run retail companies which, in more certain times, has done very well.

Why have you suddenly decided - as per your above post - that it has suddenly become a dog?

Im still in the process of developing my trading strategy and HVN no longer meets my entry criteria. I dont think its a dog, just not the right entry time for me.

 

[iced earth]

Re: HVN - Harvey Norman

HVN - 5.11.10

As it was predicted on 21.10.10 (https://www.aussiestockforums.com/forums/showpost.php?p=587249&postcount=56) price fallen below fibo 50% and now we should wait for the next resistance level at fibo 61.8% (around $2.95) (Fig 1)


also the neckline (Tilted Head and Shoulder pattern) is break down , the target of this pattern could be around 1.8 $ ,which is the lowest price of HVN in FEB 2009. (Fig 2)

 

[Happy]

If left and right shoulders give inclined line, it is fair to assume that inclined line will determint target price.

(It might not be as bad as Dog picture. But made bigger mistakes than possibly this one, ... will be watching just to see how wrong I will be this time)

 

[iced earth]

HVN - 8.01.11

As it was predicted on 21.10.10 (https://www.aussiestockforums.com/for...9&postcount=56) price fallen below fibo 50% and unfortunately resistance level at fibo 61.8% (around $2.95) could not hold the falling . next resistance level will be fibo 78.6% around $ 2.44(which is not as Important as Fibo 50% nor 61.8 %)



in daily diagram we are still receiving the "stay out signal" after "Exit signal" around $ 3.7 (price under EMA 20 and momentum under zero line)



also the neckline (Tilted Head and Shoulder pattern) is break down , the target of this pattern could be around 1.8 $ ,which is the lowest price of HVN in FEB 2009 .