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MHI, MICHAEL HILL INTERNATIONAL LIMITED |
 Posted: Feb 3 2009, 10:00 AM
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  Posts: 4,290 Thanks: 206  |
Company:
MICHAEL HILL INTERNATIONAL LIMITED Code: MHI Website http://www.michaelhill.com/ |
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Posted: Aug 15 2008, 10:05 AM
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 Posts: 911 Thanks: 53 |
FY profit of $25.2m which is a little lower than I'd predicted, but still a good result in the current environment.
Trading well below my long term valuation of $1.12 (currently 87cps). Has been a great long-term performer, altho |
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Posted: Feb 5 2008, 06:43 AM
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Posts: 911 Thanks: 53 |
MHI shares are likely to be a shining star for the market today, after announcing that first half profit should be in the range of $19.25-$20.00m versus pcp of $15.3m. While second-half results are normally much slower, the result is still likely to see a significant increase in any broker forecasts and valuations.
The only one I can find is forecasting a FY result of $24m - at least a 10% upgrade would seem likely. Since that same broker had MHI as a "reduce", I suspect their rating will be moved to "accumulate" - at least for the next hour or two before the price once again exceeds their valuation. 
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