JBH - JB Hi-Fi

Prem · 4 July 2007

JB hi-fi have such good service, price, stock that I end up buying all my electronics from them.

Should I put this into consideration when thinking about whether or not to buy the actual shares.

Thanks in advance!!

Nicks · 4 July 2007

Prem said:
JB hi-fi have such good service, price, stock that I end up buying all my electronics from them.

Should I put this into consideration when thinking about whether or not to buy the actual shares.

Thanks in advance!!

Yes you should, one of the best factors you can use in deciding to buy into a company......................

Prem · 5 July 2007

Nicks said:
Yes you should, one of the best factors you can use in deciding to buy into a company......................

Thanks for the quick reply. I might consider buying JB stocks in the future. How is the company going in terms of sales and profit?

Buffettology · 5 July 2007

Prem said:
JB hi-fi have such good service ,price ,stock that I end up buying all my electronics from them.

Should I put this into consideration when thinking about whether or not to buy the actual shares.

Thanks in advance!!

Absolutely you must (as someone else stated, this is one of the most important ways to decide whether to invest or not). But be careful, you also have to look at the intrinsic value of a company. At the moment (after a 4 year bull market), every decent company I have valued is above its fair value. (Though JST was well below a few weeks back, but has since gone gangbusters!).

On a side note, if people love a stock (i.e. JBH) it will sometimes get to twice as high as fair value. It does not get much higher than that from my experience, before it will see a correction back towards its intrinisic value.

Note: Fair value changes depending on different calculations, but it is usually somewhat in a similar range.

Huntleys values this share at $7.55, I personally value it lower at $6.

Jimminy · 5 July 2007

Important to note here that JBH is climbing on the back of the A$.

Directors would be licking their lips.

Santob · 6 July 2007

Jimminy said:
Important to note here that JBH is climbing on the back of the A$.

Directors would be licking their lips.

Am I right in thinking this..

Given the increasing $AUD, its cheaper for people to import from overseas, but if JB Hifi can continue to grow with a rising dollar, then it bears good news *if* the dollar drops down again?

shinobi346 · 6 July 2007

Santob said:
Am I right in thinking this..

Given the increasing $AUD, its cheaper for people to import from overseas, but if JB Hifi can continue to grow with a rising dollar, then it bears good news *if* the dollar drops down again?

Thats not JBH's target audience. Its audience is those who dont want the hassle of buying online, wants things now, want aust warranties + support, like to see and try what they are buying first, etc. For these people the falling Aust dollar is of benefit because it allows JBH to drop the price of their goods while keeping their margins the same.

Nicks · 16 July 2007

Yes - JB Hifi's target audience are those whom visit a real shop..

But - the rising AUD helps them immensely as they can import Asian goods cheaper, and hence (hopefully) sell them cheaper and increase consumer demand.

That said I bought JBH for 7.52 in March and offloaded the other day for 11.64 as they are ridiculously over priced now, even if you factor in good business and market position.

MAPfan · 16 July 2007

Continue to hold.
Demand for their goods will stay strong over time I think, thus they will continue to grow.

Buffettology · 24 July 2007

Its price lately was exactly what I expected to see.

Not much value whatsoever around at the moment. Maybe WTF if it continues to slide a bit further. EQN for the long-term still at current prices. BXB might see a bit of a rise towards 12.00 but I would only take a short-term position on that.

Nicks · 9 August 2007

As I thought. The recent correction has made people think about value. JBH at the price it was (and is) is overvalued and the stock has recently taken a serious rerating.
Might get back in again if it gets below $9 but other than that I dont see good value in it at this stage.

MAPfan · 15 August 2007

BROKER PRICE TARGETS $14 PLUS

Looks like a future blue chip, perhaps Buffetology was right...its an ASX gold mine.

I continue to hold, long termer for me after another great result, plus much growth potential

Buffettology · 15 August 2007

MAPfan said:
BROKER PRICE TARGETS $14 PLUS

Looks like a future blue chip, perhaps Buffetology was right...its an ASX gold mine.

I continue to hold, long termer for me after another great result, plus much growth potential

Its a long-term goldmine, but not at current prices, better value elsewhere at the moment I believe. Especially at the moment with some great bargains out there, though better to wait until the market consolidates first!

MAPfan · 18 August 2007

Yes will keep JBH as CGT and given its price trends...........and there are some bargains out there...picked up a few...what are you looking at, anything in particular

Am looking at banks, wow, lyc, bbi cab to name a few

Buffettology · 19 August 2007

MAPfan said:
Yes will keep JBH as CGT and given its price trends...........and there are some bargains out there...picked up a few...what are you looking at, anything in particular

Am looking at banks, wow, lyc, bbi cab to name a few

I beleive JST is currently undervalued, and also think it will release favourable results in the annual report. Strong retail trade figures, and only has to beat a poor second half period last year to gain decent growth figures. I value JST at around 4.50, so 4.29 is a good price!

MCR is very cheap at the moment, and just got HAMMERED today due to a director dying. A very short-term, one off shock that should not greatly affect the company in the long-run.

EQN for a medium-term position. Good price, though would have to hold until at least the end of 2009.

LRF, great price, with value per share above the share price. The mining sector I beleive has copped more than it should have lately, and will bounce back over the next few years, with short supplies, growing demand etc.

They are my current stocks of value. Nothing else other than maybe WPL has caught my eye at the moment. WTF may also be a good price though it is hard to value.

With the US rising over 2% on Friday, we should get a strong day trading tomorrow!

MAPfan · 22 August 2007

Thanks for those tips

WPL is one that I really like..not sure about the others, never heard of them, need to research

If wpl gets to $39 Im in on that one, great long term stock, just as I like it.

Buffettology · 22 August 2007

MAPfan said:
Thanks for those tips

WPL is one that I really like..not sure about the others, never heard of them, need to research

If wpl gets to $39 Im in on that one, great long term stock, just as I like it.

Too bad. If you got on board, you could have made a KILLING in the last couple days.

With the market rising by a few per cent, these stocks easily outperformed that, with the mining sector making the largest recovery as I thought.

MCR rose over 20% I beleive. With EQN up nearly 15%.

juw177 · 29 August 2007

I will be careful on this one. It can either retrace hard when it makes a double top reversal or it can go up for a little more. Hard to say at the moment.

Uncle Festivus · 14 September 2007

juw177 said:
I will be careful on this one. It can either retrace hard when it makes a double top reversal or it can go up for a little more. Hard to say at the moment.

Looking a bit toppy around these levels, and a director also thinks so, selling some stock around the $13.35 price. Time for a short?

Uncle Festivus · 28 September 2007

New position, now short @ $14.25 again. Great little CFD trading stock this one, but still looking for the capitulation top soon.

JBH - JB Hi-Fi

Prem

Nicks

Prem

Buffettology

Jimminy

Santob

shinobi346

Nicks

MAPfan

Buffettology

Nicks

MAPfan

Buffettology

MAPfan

Buffettology

MAPfan

Buffettology

juw177

Uncle Festivus

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