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Halfords,,it not just the AA who do recovery`s (HFD)     

daves dazzlers - 27 Apr 2005 14:07

Its come along way since these were a pair of old boots,just bought today mid 280s,spent a few pounds in there of late,so why not!

Chart.aspx?Provider=EODIntra&Code=HFD&Si

babykitcat - 27 Apr 2005 21:03 - 2 of 314

very wise choice they wont stay here very long IMO look at the graph back 300+ soon

babykitcat - 04 May 2005 16:15 - 3 of 314

just caught it at 269.9 gone long with an expiry in DECEMBER should make a nice xmas present

fancyfootwork - 16 May 2005 10:40 - 4 of 314

Looks to me like some positive signals coming off this one now - a good time to get in.

However, with all the negativity surrounding the retail sector, does anyone have any feel / insight that suggests HFD may be able to buck the trend?

(Apart from the fact that I seem to have spent a small fortune in there recently!)
ffw

daves dazzlers - 16 May 2005 13:48 - 5 of 314

Fancyfootwork,who knows what the future brings long term but best of luck .. Its a specialist outlet and lets face it not much competition about,and the price of the items they stock,are high ticket value things.

eg,,tents/cycles/washers/racks/audio equipment/alloy wheels/roof boxes/trailers/etc..


were else can a young saxo driver pimp up his ride,,

i can see them from here,,them bloody neon lights.

babykitcat - 16 May 2005 18:40 - 6 of 314

lol

daves dazzlers - 18 Jun 2005 00:19 - 7 of 314

Serious point,,i know its not my style,

Broker upgrade citigroup from 3.20 to 3.40.

babykitcat - 20 Jun 2005 02:12 - 8 of 314

just if any 1 is interested i brought a bike from my local HFD on friday (awsome service) but also did any 1 know that HFD are exempt from the sunday trading laws!!!!

daves dazzlers - 20 Jun 2005 07:28 - 9 of 314

I,didnt know that kitkat,my local hfd is now multi-level format.Also bought bikes from there .

babykitcat - 20 Jun 2005 09:55 - 10 of 314

yes something to do with emergency spares they sell.....when i went he informed me that how busy they are selling bikes and they can not keep up with it all

daves dazzlers - 14 Jul 2005 15:25 - 11 of 314

These bikes are really starting to move now.

daves dazzlers - 21 Aug 2005 22:10 - 12 of 314

Strong move last week,happy with that.

queen1 - 05 Sep 2008 10:28 - 13 of 314

Three years without a post - what an exciting share! But defensive I feel in these troubled times so I've tested the water this morning.

queen1 - 02 Oct 2008 12:14 - 14 of 314

Pretty positive given the current climate:

Halfords Group Plc said it was confident its half-year results would be in line with expectations, despite like-for-like sales falling in the second quarter.

The retailer, which runs around 450 stores selling spark plugs, car radios and bicycles, said on Thursday quarterly group sales dropped 1.1 percent on a like-for-like basis, though including new stores sales were up 1.5 percent.

The retailer, which accounts for one in three of the bikes sold in Britain, said strong demand for car maintenance and leisure products and commuters switching to bikes to avoid soaring petrol prices were helping it beat a consumer downturn.

'The group's market-leading positions, well-structured balance sheet and strong cash flow see it well positioned in these challenging conditions and I remain encouraged by our prospects for the remainder of the year,' Chief Executive David Wild said in a statement.

Halfords, founded as a local hardware store in Birmingham in 1892, said the defensive characteristics of its car maintenance segment and margin management strategies would likely result in gross margins being ahead of internal expectations.

hangon - 02 Oct 2008 18:17 - 15 of 314

Not the way I see it, sure they have a massive stock, but their prices are quite high, usually greater than "accessory shops" who supply oils/filters and spark-plugs.
However, the majority of folks do not DIY anymore and maybe this reflects their high prices. Don't know about bikes, but round here there is Action Bikes (Franchise?) and I imagine they ahve to better Halfords prices.
Still the figures speak for themselves - and I suppose the story is expected to remain good, although I suspect fewer folk will buy (new) bikes and maybe stick with their car so don't need a Radio . . . . but what do I know?
Certainly it's the first place I go for car parts . . . just that I'm amazed by the prices!

goldfinger - 12 Mar 2009 15:42 - 16 of 314

Taken a long stake here.

Reckon this is one of the better quality retail trades around...



Trending up nicely with channel in place.

goldfinger - 13 Mar 2009 08:40 - 17 of 314

Way too cheap this one with a forward P/E of just 9 going into 2010 and one of the better retailers around at the moment..

Brokers like it...

Halfords Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
12-03-09 HOLD 90.47 30.89 15.75 90.47 31.08 16.00

Seymour Pierce
12-03-09 BUY 91.00 30.40 16.00 95.00 31.70 17.00

Oriel Securities
11-03-09 HOLD 91.50 31.00 16.50 94.40 31.90 18.00

KBC Peel Hunt Ltd
10-03-09 BUY 90.19 30.79 15.70 91.84 31.35 16.00

Singer Capital Markets Ltd
09-03-09 FAIR 92.00 31.40 15.70 93.00 31.60 15.80

Blue Oar Securities
06-03-09 BUY 90.40 30.40 15.75 95.10 32.50 16.50

Charles Stanley
06-03-09 ACCU

W H Ireland Ltd
05-03-09 BUY 90.20 30.50 16.00 88.90 29.80 17.00

Eden Group
05-03-09 BUY

Teathers
04-03-09 HOLD 87.57 29.36 15.80 83.69 28.44 16.50

Arden Partners
02-03-09 BUY 88.00 29.70 15.10 88.40 29.80 15.10

Pali International
20-02-09 None 91.00 30.60 15.90 92.00 30.70 16.70

Shore Capital
09-02-09 BUY 91.00 31.10 15.80 92.00 31.70 16.50

Numis Securities Ltd
15-01-09 HOLD 87.60 29.30 15.20 86.90 29.60 15.50

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 90.72 30.71 15.82 91.39 31.09 16.44

1 Month Change -0.06 -0.13 0.01 0.86 0.45 0.06
3 Month Change -0.02 -0.14 0.09 0.47 0.28 0.14


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 11.28% 4.16% 1.24%
DPS 8.78% 11.02% 3.92%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 122.80m 123.30m 121.75m

EBIT 101.40m m m

Dividend Yield 5.12% 5.68% 5.90%

Dividend Cover 2.07x 1.94x 1.89x

PER 9.45x 9.07x 8.96x

PEG 0.84f 2.18f 7.24f

Net Asset Value PS -16.38p p p

goldfinger - 13 Mar 2009 12:43 - 18 of 314

Lovely uptrend channel in place and a break above resistance at 280p will see these moving up nicely....

skinny - 29 Jul 2009 07:13 - 19 of 314

Halfords Interim Management Statement





TIDMHFD

RNS Number : 4314W
Halfords Group PLC
29 July 2009

?


Halfords Group Plc
Interim Management Statement
29 July 2009


SOLID TRADING PERFORMANCE WITH STRONG SALES GROWTH IN CORE CATEGORIES


Halfords Group plc, the UKs leading automotive and leisure products retailer,
announces its Interim Management Statement1 for the 13 weeks to 3 July 2009
ahead of todays Annual General Meeting.
Group sales in the quarter increased by 3.1% compared to the 13-week period to
27 June 2008 with like-for-like sales2 growth of 1.3%. Adjusting for the impact
of Easter, sales increased by 1.9% representing like-for-like sales growth of
0.1%3.


This sales performance demonstrates an improving trajectory and was underpinned
by strong multi channel growth, with Reserve and Collect revenues 55% higher
than last year. The Leisure category made an excellent start to the season,
benefiting from a period of fine dry weather and planned promotional activity.
The quarter saw strong like-for-like performances in Cycling, which continues to
benefit from growth in premium cycles and the success of the Government's
Cycle2Work scheme and in Camping and Travel Equipment. An element of this
performance reflects sales pull through from the second quarter, with purchases,
for example in outdoor leisure, generally being made once for the summer.


Car Maintenance traded positively, in line with recent trends. We continue to
drive value in this category through product innovation and a strong wefit
performance, where the number of jobs performed was more than 50% higher than
the first quarter of FY095. Car Enhancement sales, especially of in-car
technology devices, continued to decline significantly though in line with
expectations.


Gross margins have continued their accretive trend as a result of management's
trading strategies and a positive mix benefit, increasing, year on year, at a
rate similar to that experienced in the second half of FY09. Our guidance is for
full year gross margin accretion at approximately 100 bps, which reflects the
annualisation of the significant mix effect experienced in the third quarter of
FY09.


Investment discipline has been maintained, with costs, capital expenditure and
working capital remaining under tight control. We are confident that the
benefits from the strategic initiatives taken in the second half of FY09 will be
realised in full.


The difficult conditions in the property market are limiting the availability of
quality sites. This will result in a reduced level of store openings4 and a
lower contribution to sales growth and is likely to restrict development
opportunities. We now estimate landlord contributions to be c. GBP1m for the
current year, compared with GBP2.7m last year.


David Wild, Chief Executive Officer, commented:


"This performance represents a solid start to the year and at this early stage
is ahead of our internal plan. The trading of our core categories of Car
Maintenance and Cycling, where we continue to grow market share, together with a
good start to the season in Camping, is pleasing. As demonstrated by the
continued accretion of gross margin and ongoing cost management we remain in
control of the direction of the business. We remain cautious about the impact of
the macro economic environment, particularly in the second half of the year and
in our overseas territories where sales remain challenging. Nevertheless, we are
confident that Halfords will both continue to consolidate share and is well
positioned to deliver earnings growth for the year."






Notes:
1. Except for the trading activities described above, there has been no significant
change to the financial condition of the Group.
2. Like-for-like sales represent revenues from stores trading for greater than 365
days. Where appropriate, revenues denominated in foreign currencies have been
translated at constant rates of exchange.
3. LFL in the 13 weeks to 27 June 2008 was -1.1%, 0.2% adjusting for the absence of
a full Easter during the quarter.
4. In line with the guidance given at the Preliminary results, we anticipate
opening between 10 and 15 stores within the UK and Eire during the financial
year ending 2 April 2010.
5. The financial year FY09, relates to the 53 weeks ended 3 April 2009.





skinny - 14 Aug 2009 12:59 - 20 of 314

New 12 month high today.

Chart.aspx?Provider=EODIntra&Code=HFD&Si

skinny - 08 Oct 2009 07:08 - 21 of 314

Trading Statement
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