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HVN - Harvey Norman Holdings

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Dancing doesn't get you girls.

I know this for a fact.

You see, I had never, ever danced in my life before 'coz it's a complete boring waste of time.

But one night, as I was sitting alone in the nightclub wondering why no girls liked me anymore, someone told me that all the hot girls these days like a guy who is a great dancer.

So I finished my drink and went to the dance floor and looked around to see how it was done.

Simple enough for a smart guy like me - you just sort jump up and down a bit and move your arms around. Easy!

So that's what I did.

And you know what? Not even one girl came up to me and kissed me or anything. Not even one!

So don't believe any of this bull**** and mirrors talk. I've tried it and I know: dancing doesn't get you girls.


----------------------------------------------------------------------------------------

^ Does this sound like someone you know? Does it remind you of (just to chose an example completely at random) Gerry Harvey talking about the Internet?
 
Today Jerry Harvey proclaimed that HN will be the last man standing whilst most other retailers will go out of business.
He also said, "You've seen more retailers go out of business in the last two years than you have seen in the history of Australia and there are more retailers currently under pressure,"

Wouldn't it follow that HN sales should have picked up whilst all these other retailers have gone out of business?! Surely it would be the case, if this were some kind of inevitable conclusion that HN would be the winner to take it all.
Guess he's still not considering the online and internationals that are spanking his prices. Surely not.

If there is going to be a last man standing in the bricks and mortar model that sells the stuff he does, then there is no reason why it should not be HN as far as I can see. Just might not be worth getting out of your seat and standing in the store unless it's to check the thing out before you buy it cheaper online.
Although, I have bought a few things recently online thinking they were pretty sweet deals, only to find them cheaper in stores!!

I remember a girl friend of mine telling me about her work collegues looking forward to getting their deliveries from ordering at work on the net. It's like getting a present in a box and opening it up.
Even rediculous prices for speedy delivery are a bit of a thing for some.
People sleep out for the first I-phones, when they could walk in store a week later and get one with a lot less time committed.
Committed, yes, should be they.

If it's not all about price then there is hope I guess.
 
Wow could HVN's latest TV ad get any worse? "They're like family", "We want to look after you for years" and someone holding a baby.

When realisitically they have the poorest service of virtually any retail store in Australia, and have staff who dont care if you buy something or not. I have spent 20 minutes in a HVN store looking for a 1k sound system and no-one approached me once
 
And they still have no phone number on their website. Seriously, isn't that the most rudimentary of things to include when you're running a business? Especially if you're trying to pass yourself off as being customer focussed.
 
prawn_86 said:
I have spent 20 minutes in a HVN store looking for a 1k sound system and no-one approached me once
Click to expand...

Whilst the management team are trying to do every thing they can to be offering something the reality is
everyone is going in there getting the product experience then going away and buying on line.
The sales staff have wised up and learnt to keep away from customers!
I actually went in there once and was looking at a laptop.
It was surprising to find HN's computers where connected to the net.
I thought that was good service!
I then searched for the laptop I was thinking of buying on the very laptop I was thinking of buying and showed the salesman how much cheaper it was on the net.
For some reason he kind of went a bit ga ga and kind of walked away!


McLovin said:
And they still have no phone number on their website. Seriously, isn't that the most rudimentary of things to include when you're running a business? Especially if you're trying to pass yourself off as being customer focussed.
Click to expand...

The whole point of internet models is to have virtually zero overheads, the last thing you want is all these idiots ringing you up having to pay people to take the calls and asking all these dumb questions. You can't keep the prices so low and provide that kind of thing.
I guess they should have numbers to the bricks and mortar stores which other internet companies don't have.
Ring the store?
I know even the online only ones have numbers and the HN, DJs and other sites are really hopeless.

Jerry thinks all the intenet stores are going to go broke because they can't be making any money.
I think his idea of what making money is has been quite distorted from his margins and subsequent success in the golden years.
 

Funny that i actually went to a different store on the same day and spent 1k then. I know very little about surround sound systems and just wanted to get it over and done with as we had just moved cities.

In fact i dont think i personally have ever been in a bricks and mortar store just with the intention to check out somehting to buy online. If the sales staff are well versed and know their product i happily buy from a store (especially when i have limited product knowledge and i feel i can trust the staff), the pity is that is virtually non-existent these days
 
prawn_86 said:
Funny that i actually went to a different store on the same day and spent 1k then.
In fact i dont think i personally have ever been in a bricks and mortar store just with the intention to check out somehting to buy online.
Click to expand...
I usually just drift in because I am in the area and want to check a few things out that I have been thinking about.
I don't really intend to do what ends up happening, it just kind of happens!
In the past I probably would have gone home better informed and then when 'want to buy' became 'need to buy' I'd return to the store. But these days, you just tap it into eBay or Amazone and wait for Santa in his white van!
 
Small world .......went to HN on Sunday to look at air con with a friend, she got all the right info and best price walked out and bought it cheaper on line.

They must be hurting.
 
PinguPingu said:
Musnt be hurting that bad by today's action...
Click to expand...

Like-for-like sales down 6.3% for the half year... dividend cut to 4.5c.

EPS ~10.5c (excluding property revaluation) so full year is probably <14c.

Apart from a rise in Jan like-for-like sales, there's little to cheer about in the result.

Can't explain the price action aside from the usual "short covering"...
 
Jerry was actually talking up the property value saying the earnings were higher than interest rates, a gap bigger than he had ever seen before. (value of property vs having that value in the bank)
Officially the property is downgraded whilst Jerry is saying it can only go up to fill the gap!
Perhaps people are seeing a little white rabbit in the hedge!
 
skc said:
Like-for-like sales down 6.3% for the half year... dividend cut to 4.5c.

EPS ~10.5c (excluding property revaluation) so full year is probably <14c.

Apart from a rise in Jan like-for-like sales, there's little to cheer about in the result.
Click to expand...

So why rise in the first place? Unless the purpose was to close shorts for the purpose of reopening them again at a higher price, I guess. Wonder if we'll be 3/3 in retailer price jumps with DJS report.
 
it seems testing the resistance at 3.32/3.33
2 days ago it penetrated well above it with high close.
yesterday we have a massive pullback to shake the weak holder out of the game.
today it jump to 3.33 region again.

tomorrow will be interesting to see. will it break through the resistance or vica versa.

any thought?
 
Slimy little character announced a capital raising whilst the market is distracted with the medibank
float.
 
A capital raising to pay a dividend.

I assume they have some excess franking credits they want to wash through but still...
 
McLovin said:
A capital raising to pay a dividend.

I assume they have some excess franking credits they want to wash through but still...
Click to expand...

Seems to be a new trend... MLD was the other mob who did the same recently.

HVN managed to stuff up the announcements, dropping the cleansing notice first for some recent, and got sold off on the back of that.

But why is the raising being done at $2.50 a share I have no idea.
 

They should have made an ad...

The Harvey Norman Discount Share Sale is now on!

Save a massive 33% on brand new shares*
and pay nothing till 15th Dec 2014!

Plus, join our customer loyalty program by the 9th Dec to receive a 5.2%** Cash rebate on all your Harvey Norman shares!***

-------------------------------------------------------------
*Limit 1 new share per 22 existing shares. To be eligible for the offer you must be a holder by this Friday.
**5.2% includes 30% in franking credits
***Offer excludes shares acquired through the Discount Share Sale
 



**** Approved domestic customers only
 
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