JBH - JB Hi-Fi

[MrBurns]

And the Good Guys!

True but when I think of them I think fridges and washing machines.

 

[MrBurns]

Kogan buys Dick Smiths online business, brands and web sites.

JBH price declines...........

 

[notting]

Kogan buys Dick Smiths online business, brands and web sites.

JBH price declines...........

Yeah that's a pretty interesting move.
Jerry Harvey has recently been moking the relative size of online trading and sighting that it seems to have stopped growing, there for his model has been reinstated.
Go Kogan, though I do like JB, just not Harvey.

 

[MrBurns]

Yeah that's a pretty interesting move.
Jerry Harvey has recently been moking the relative size of online trading and sighting that it seems to have stopped growing, there for his model has been reinstated.
Go Kogan, though I do like JB, just not Harvey.

It's a logical move for Kogan.

 

[notting]

It's a logical move for Kogan.

Very much so. Brings the Kogan brand into house hold vernacular. Rather than niche online for the savvy.

 

[peter2]

It looks like corrective price movement in JBH has completed. The abc pattern has ended at 24.00, which was past resistance.

Retailers have certainly been sold off recently. With an initial target of 30.00 the RR is tempting.

 

[Wyatt]

Here something for the FA crowd and non believers. Some retailers back in vogue for now.

 

[Country Lad]

It would appear that the purchase of The Good Guys may not have been such a great idea as a few in the industry had forecast. JBH shares down 9% after announcement that Good Guys sales down 2.9% but the JB HiFi business sales up 4%. Changing the business model of Good Guys may take a while longer yet. HVN went down 2.6% in sympathy.

 

[greggles]

It would appear that the purchase of The Good Guys may not have been such a great idea as a few in the industry had forecast. JBH shares down 9% after announcement that Good Guys sales down 2.9% but the JB HiFi business sales up 4%. Changing the business model of Good Guys may take a while longer yet. HVN went down 2.6% in sympathy.

I always thought that The Good Guys was an odd purchase for JBH because it seemed to replicate a lot of the business they already had. I thought it would have made more sense to purchase a thriving business that was more complementary rather than an overlap. While I'm sure there is a lot of demand for phones, tablets and white goods, there is also a lot of other competition and it does appear to be a somewhat crowded and mature market.

Unless they diversify a little I'm not sure how much more organic growth they can generate from here, especially as a bricks and mortar retailer.

 

[MarketMatters]

The results are in and yes the acquisition of Good Guys has done little to stem off the short sellers (now running at 19.14% one of the highest shorted stocks). Outlook is subdued. https://www.marketmatters.com.au/news/jb-hi-fi-jbh-good-result-report/

 

[bigdog]

The market liked today's 2019 Full Year Results ASX update

066

 

[greggles]

JB Hi-Fi smoking the competition: https://www.news.com.au/finance/bus...e/news-story/eb81fda3f81fbdddcc6588fb07074bc6

With 94.5% of sales made in store as opposed to online, JBH's success is challenging the idea that traditional bricks and mortar retail is on the way out.

 

[finicky]

Bricks and Mortar Retail Wreckage

HY20 Trading Performance
JB Hi-Fi Limited (“Company”)

• Total sales up 3.9% to $4.0 billion, with positive comparable sales growth across all three divisions;
• EBIT up 8.0% to $255.6 million;
• Net profit after tax (NPAT) up 8.9% to $174.4 million (Statutory NPAT up 6.6% to $170.6 million);
• EPS up 8.9% to 151.8 cps; and
• Interim dividend up 8.8% to 99 cps.

Group CEO, Richard Murray, said “We are pleased to report record sales and earnings in the first half, with
JB HI-FI Australia and The Good Guys recording strong earnings growth

Monthly

 

[Trav.]

JBH came up in a scan and I checked out chart below for some confirmation and I liked what I see. Recent ATH of $55.25 will hopefully be challenged.

Trade entered today..

 

[over9k]

Bumping for range & speculation opportunities:

I bought some months ago before the june-september run but bailed out of it way too early

 

[JohnDe]

JBH chart is a fair indicator of consumer confidence. Down 6% in 5 minutes, might be slowly heading back to pre-pandemic prices.

 

[Dona Ferentes]

JBH chart is a fair indicator of consumer confidence.

I think you rang the bell there, JD.

Looks like JBH has bounced a bit, and made it back to $44 in the last few weeks.

One longer term buyer ($50M of stock), Australian Foundation (AFI), articulated its charm when it reported their FY Results: "JB Hi-Fi is the largest consumer electronics retailer in Australia and New Zealand. While primarily providing attractive income to the portfolio we expect the consumer electronics category to continue delivering meaningful growth."

JB Hi-Fi was attractive from an income and capital gain perspective, [MD of AFI, Mark] Freeman argued, saying the retailer had “proven its resilience over time”.

He expects the consumer electronics category to continue delivering meaningful growth despite the tougher outlook for discretionary retailers. “The market always gets concerned about periods where there’s nervousness around discretionary spending COVID or inflation, or in the past, the GFC – but what we’ve observed historically is the products they sell are pretty resilient, and its sales ... they run a very good business,” he said. “We think the multiples at the moment are very fair, and the yield is over 5 per cent fully franked.”

 

[sptrawler]

I think you rang the bell there, JD.

Looks like JBH has bounced a bit, and made it back to $44 in the last few weeks.

One longer term buyer ($50M of stock), Australian Foundation (AFI), articulated its charm when it reported their FY Results: "JB Hi-Fi is the largest consumer electronics retailer in Australia and New Zealand. While primarily providing attractive income to the portfolio we expect the consumer electronics category to continue delivering meaningful growth."

I wont be selling my AFI to buy JBH, but as AFI says they are a well run business in a competitive space.

 

[Dona Ferentes]

Is the move by consumer electronics and whitegoods retailer giant, JB Hi Fi to go against the grain and spend the next three years upgrading and expanding its NZ operations a sign that it believes the Australian market is going ex growth?

Buried in its 2021 22 results on Monday, JB Hi Fi CEO Terry Smart sprang a major surprise with news the company would be looking to not only polish its existing stores across the Tasman, but look for significant growth from them.....

.... Across Australia and NZ, JB HiFi saw :

• sales rise 3.5% to $A9.2 billion for the year to June (it failed to keep up with inflation of 6.4%),
• net profit was up 7.7% to $A545 million and
• online sales for the year jumped nearly 54% to $A1.63 billion.

JB Hi said it had declared a final dividend of 153 cents a share fully franked, up 46 cents or 43.0%, bringing the total dividend for 2021/22 to 316 cents a share, up 29 cents or 10.1%, and 65% of net after tax profit.

On top of this year company ended a $250 million Off Market Share Buy Back in April, meaning the Group returned $604 million to shareholders for the 2021/22 financial year

 

[mullokintyre]

Kinda surprised that there has been nothing on this stock in two years.
Must be just plain boring, despite having gone from $45 to an ATH of 71.75 just recently.
Pays a divvy above the cash rate, and has had consistent organic growth.
Hearing rumours it may be about to take over the victorian retailer E & S Trading.
Not sure if it will help or hinder the SP, given the current turmoil, I suspect the latter.
Mick