MENU

Why the Michael Hill International Ltd share price is sinking

Michael Hill International Ltd (ASX: MHJ) is a jewellery chain with more than 300 stores across Australia, New Zealand, Canada and the US, also encompassing the Emma & Roe brand. 

Pre-tax earnings for the 6 months to December 17 are expected to be around $15 million when Michael Hill releases its half year results on February 22 – a landslide drop of 62.5%% from the 6 months to December 2016 EBIT of $40 million. 

Michael Hill’s US exit coincides with plans to reposition the flailing Emma & Roe brand with attempts to move the product line online. 

The company has called the changes a “cut your losses” move, with Michael Hill’s US stores and Emma & Roe shopfronts booking a combined loss of $12 million in the last financial year. 

Michael Hill executives hope the repositioning will free up resources to help the jewellery stalwart’s share price get back on the incline. 

Don’t Buy A SINGLE Stock Until You Read This

While conflict overseas is all media talking-heads seem to mention these days, the billionaire founder of Tesla is losing sleep over what he sees as a far bigger threat.

Elon Musk Warns: This has “vastly more risk than North Korea”

If you missed your opportunity to get in on Google, Microsoft, or Amazon in their early days, don't let it happen again. This emerging technology trend could offer a second chance for anyone who wishes they took part in these millionaire-maker stocks.

Click here to discover more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!