- 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
- 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
- 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!)
- 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.
- 16 May 2005 18:40
- 6 of 314
- 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.
- 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!!!!
- 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 .
- 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
- 14 Jul 2005 15:25
- 11 of 314
These bikes are really starting to move now.
- 21 Aug 2005 22:10
- 12 of 314
Strong move last week,happy with that.
- 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.
- 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.
- 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!
- 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.
- 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
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
12-03-09 HOLD 90.47 30.89 15.75 90.47 31.08 16.00
12-03-09 BUY 91.00 30.40 16.00 95.00 31.70 17.00
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
W H Ireland Ltd
05-03-09 BUY 90.20 30.50 16.00 88.90 29.80 17.00
04-03-09 HOLD 87.57 29.36 15.80 83.69 28.44 16.50
02-03-09 BUY 88.00 29.70 15.10 88.40 29.80 15.10
20-02-09 None 91.00 30.60 15.90 92.00 30.70 16.70
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
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
2008 (A) 2009 (E) 2010 (E)
Norm. EPS 11.28% 4.16% 1.24%
DPS 8.78% 11.02% 3.92%
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
- 29 Jul 2009 07:13
- 19 of 314
Halfords Interim Management Statement
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
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
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
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."
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.
- 08 Oct 2009 07:08
- 21 of 314