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Yes, good trading the swings though. Looking for a new short trade at these levels after touching a major level $15 on low volume and gap up. They will have to come up with some spectacular earnings to support the current P/E, and a possible interest rate rise is on the agenda?
Attachments
Hey guys,
Found this on JB. http://www.smarthouse.com.au/HD/HD_DVD/J8T5Q8M5
So pretty much what I gather is, that they are going in favour of the HD DVD technology.
Hmmm, Blue-Ray versus HD. It is like Betamax versus VHS format war, we all know Sony lost that one despite having the technically superior product. I dont know what sort of impact this will have on the SP though.
Found this on JB. http://www.smarthouse.com.au/HD/HD_DVD/J8T5Q8M5
So pretty much what I gather is, that they are going in favour of the HD DVD technology.
Hmmm, Blue-Ray versus HD. It is like Betamax versus VHS format war, we all know Sony lost that one despite having the technically superior product. I dont know what sort of impact this will have on the SP though.
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I think over time it won't matter much - just wait for the inevitable multi format players/burners to come along. I won't be buying one untill then.
Interesting presentation yesterday from management, very upbeat for the future, share price up over a dollar on the news. Great trades!
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I've had this one on my 'watch list' for some time, its had a fantastic run since the August correction, from < $10 to > $17 in 3 months. I would personally have to say a retracement back to the $11.00 mark, and that would probably provide some support, but if things keep getting worse in the US, I wouldn't be surprised to see it go lower than $10.00 again.
It's a speculative share thats been a real success story of the booming market, and as the speculative buyers disappear, these stocks get hit the hardest. I wouldn't honestly be invested in these kinds of stocks at these times, blue chips are where you'd want to be if you 'have to' invest.
I try not to look for explanations coz even then it may not make sense.
The market can stay irrational longer than you can stay solvent.
So just have a stop loss and get out when the stop is hit, you can always get back in when the trend is up again.
Just my view.
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So following todays announcements of sales, growth and profit up, and a payment of a dividend. Why has the share price dropped almost 7% this morning??
SHARES in JB Hi Fi fell today despite the electronics retailer's higher first-half earnings report.
JB Hi-Fi stock was down 9.18 per cent or $1.16 at $11.48 by 1242 AEDT, after falling as low as $11.16 in morning trading.
Austock senior client adviser Michael Heffernan said while company's interim results were good, its outlook was not as upbeat as investors would have liked.
"Just goes to show that even when you exceed what people were expecting, they can still mark you down," he said.
"It really gets back to the outlook statement, and unless that is really robust, then you get marked down."
He noted that consumer spending was under pressure from rising climbing interest rates, higher petrol prices and global share market losses following the fallout in the US sub-prime mortgage market.
"Maybe when the cooler heads prevail, we will see that today is a bit of a over reaction," Mr Heffernan said.
JB Hi Fi reported a 60.23 per cent rise first half to 441.94 million and raised its full year earnings guidance.
It now expects fiscal 2008 sales to be around $1.8 billion, compared to a previous forecast of $1.7 billion, representing a 40 per cent increase.
Net profit is expected to rise by 41 per cent to 49 per cent to between $57 million and $60 million.
Financial markets are currently pricing in about 70 per cent chance of another interest rate hike in March, following this month's 25 basis point increase to 7.00 per cent.
"As retailers we can't do anything about the economy or rate rises so we just put our head down and tail up and do the best we can," JB Hi-Fi chief executive Richard Uechtritz said.
"We have a product category that consumers want so I think that they will cut down on things like appeal and furniture before electronics.
"We'll have some pain but not as much as the other retailers."
For the six months ended December 31, sales increased to $989 million, from $659 million in the prior corresponding period.
Mr Uechtritz said Christmas sales had been "very good" with categories like visual, games and computers showing solid growth.
"Sales in January and February to date have continued the strong momentum of the first half of the year," he said.
But Mr Uechtritz said the pace of sales growth was likely to slow, with the retailer having passed through 12 months of some of the strongest trading on record.
Comparable store growth for the first half was 18.8 per cent.
LINK: http://www.news.com.au/heraldsun/story/0,21985,23201471-664,00.html
I see this bouncing back tomorrow, hence why I jumped in. If you look at this why Australians like to buy gadgets anything technology related, RBA is scared of inflation becasue of over spending, JBH is a solid bet aswell with new stores opening up this year. Wish I just had bought at its lows 11.20 but I was out of the office
JB Hi-Fi stock was down 9.18 per cent or $1.16 at $11.48 by 1242 AEDT, after falling as low as $11.16 in morning trading.
Austock senior client adviser Michael Heffernan said while company's interim results were good, its outlook was not as upbeat as investors would have liked.
"Just goes to show that even when you exceed what people were expecting, they can still mark you down," he said.
"It really gets back to the outlook statement, and unless that is really robust, then you get marked down."
He noted that consumer spending was under pressure from rising climbing interest rates, higher petrol prices and global share market losses following the fallout in the US sub-prime mortgage market.
"Maybe when the cooler heads prevail, we will see that today is a bit of a over reaction," Mr Heffernan said.
JB Hi Fi reported a 60.23 per cent rise first half to 441.94 million and raised its full year earnings guidance.
It now expects fiscal 2008 sales to be around $1.8 billion, compared to a previous forecast of $1.7 billion, representing a 40 per cent increase.
Net profit is expected to rise by 41 per cent to 49 per cent to between $57 million and $60 million.
Financial markets are currently pricing in about 70 per cent chance of another interest rate hike in March, following this month's 25 basis point increase to 7.00 per cent.
"As retailers we can't do anything about the economy or rate rises so we just put our head down and tail up and do the best we can," JB Hi-Fi chief executive Richard Uechtritz said.
"We have a product category that consumers want so I think that they will cut down on things like appeal and furniture before electronics.
"We'll have some pain but not as much as the other retailers."
For the six months ended December 31, sales increased to $989 million, from $659 million in the prior corresponding period.
Mr Uechtritz said Christmas sales had been "very good" with categories like visual, games and computers showing solid growth.
"Sales in January and February to date have continued the strong momentum of the first half of the year," he said.
But Mr Uechtritz said the pace of sales growth was likely to slow, with the retailer having passed through 12 months of some of the strongest trading on record.
Comparable store growth for the first half was 18.8 per cent.
LINK: http://www.news.com.au/heraldsun/story/0,21985,23201471-664,00.html
I see this bouncing back tomorrow, hence why I jumped in. If you look at this why Australians like to buy gadgets anything technology related, RBA is scared of inflation becasue of over spending, JBH is a solid bet aswell with new stores opening up this year. Wish I just had bought at its lows 11.20 but I was out of the office
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Yeah I chimed in, rather foolishly at opening of play, at 12.90 , here's hoping it comes back....
Whats that rule about waiting out the first hour or trading???
, here's hoping it comes back....Whats that rule about waiting out the first hour or trading???
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SHARES in JB Hi Fi fell today despite the electronics retailer's higher first-half earnings report.
JB Hi-Fi stock was down 9.18 per cent or $1.16 at $11.48 by 1242 AEDT, after falling as low as $11.16 in morning trading.
Austock senior client adviser Michael Heffernan said while company's interim results were good, its outlook was not as upbeat as investors would have liked.
"Just goes to show that even when you exceed what people were expecting, they can still mark you down," he said.
"It really gets back to the outlook statement, and unless that is really robust, then you get marked down."
He noted that consumer spending was under pressure from rising climbing interest rates, higher petrol prices and global share market losses following the fallout in the US sub-prime mortgage market.
"Maybe when the cooler heads prevail, we will see that today is a bit of a over reaction," Mr Heffernan said.
JB Hi Fi reported a 60.23 per cent rise first half to 441.94 million and raised its full year earnings guidance.
It now expects fiscal 2008 sales to be around $1.8 billion, compared to a previous forecast of $1.7 billion, representing a 40 per cent increase.
Net profit is expected to rise by 41 per cent to 49 per cent to between $57 million and $60 million.
Financial markets are currently pricing in about 70 per cent chance of another interest rate hike in March, following this month's 25 basis point increase to 7.00 per cent.
"As retailers we can't do anything about the economy or rate rises so we just put our head down and tail up and do the best we can," JB Hi-Fi chief executive Richard Uechtritz said.
"We have a product category that consumers want so I think that they will cut down on things like appeal and furniture before electronics.
"We'll have some pain but not as much as the other retailers."
For the six months ended December 31, sales increased to $989 million, from $659 million in the prior corresponding period.
Mr Uechtritz said Christmas sales had been "very good" with categories like visual, games and computers showing solid growth.
"Sales in January and February to date have continued the strong momentum of the first half of the year," he said.
But Mr Uechtritz said the pace of sales growth was likely to slow, with the retailer having passed through 12 months of some of the strongest trading on record.
Comparable store growth for the first half was 18.8 per cent.
LINK: http://www.news.com.au/heraldsun/story/0,21985,23201471-664,00.html
I see this bouncing back tomorrow, hence why I jumped in. If you look at this why Australians like to buy gadgets anything technology related, RBA is scared of inflation becasue of over spending, JBH is a solid bet aswell with new stores opening up this year. Wish I just had bought at its lows 11.20 but I was out of the office
Whilst I still think fundamentally they are expensive at this stage in the cycle, specifically in light of the interest rate environment, I closed my short out today for a 12% return for 7 days...... I think a few insto's will find this stock appealing at this levels in light of their financial performance record....
I would however like to commend JBH on their presentations - their CFO is really on the game, every key ratio disclosed and explained, it really is a pleasure to review their earnings releases, some of the best stuff on the ASX IMO....
Cheers
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Yep, I agree.
JBH is a GREAT company that I would LOVE to get my hands on and add it to my portfolio for the very long-term!
But I unfortunately, think they are still fundamentally expensive.
I agree this company is still on the pricey side but it is good to see some of prices of these retailers come back to earth recently. TRS and JST are a couple I have a close eye on and they are starting to look more attractive at current prices.
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Yeh, they are still pretty expensive I beleive. Including TRS and WOW. I would want quiet a bit of a fall still before I would buy in.
JST is the only one I think is below fair value. But its volatility scares the hell out of me, I buy in, then it plummets, only to save my skin several weeks later! Im hoping the same happens again!
Haven't heard too much on this bad boy for a while...
I know there is 'interest rates' 'petrol prices' etc etc affecting consumer spending, but in reality these things only affect 'stuggling' families.
What about all the young couples, professionals and singles out there that have to have the newest phone, tv, pc, stereo etc..?
I suppose WOW sight & sound is upping the ante so that could lead to further competition between the two...
Any one else have an opinion ?
I know there is 'interest rates' 'petrol prices' etc etc affecting consumer spending, but in reality these things only affect 'stuggling' families.
What about all the young couples, professionals and singles out there that have to have the newest phone, tv, pc, stereo etc..?
I suppose WOW sight & sound is upping the ante so that could lead to further competition between the two...
Any one else have an opinion ?
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It a consumer discretionary stock which implies people don't really need what they sell. People are doing it hard so the XDJ sell off has probably been justified based on the possibility of reduced future earnings if a slowdown/recession unfolds?
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Hello,
Most likely Pub talk but caught a whisper linking JBF and WOW.
post to short
Regards
Most likely Pub talk but caught a whisper linking JBF and WOW.
post to short
Regards
Have had a couple of good trades in both directions with JBH lately.
Was a very strong day today considering it also went ex d/e today.
