29/06/2022 09:18

JB Hi-Fi Ltd (JBH) $39.01

At the start of the month, we felt JBH was looking good as a contrarian play around $43 however since recession fears have increased significantly lower prices feel almost inevitable for this leading retailer. The stock remains relatively cheap on an Est. P/E of 9.3x for 2022 while its fully franked dividend due in August remains attractive – one for patience and our “Hit list”. Basically, we feel economic concerns will drag the stock back towards $35 where its valuation will become very attractive.

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09/06/2022 09:17

JB Hi-Fi Ltd (JBH) $43.71

JBH is the standout today having fallen only 24%, arguably no surprise when many children still refer to its as “kids heaven” – what happened to the toy shops! The stock feels cheap around 10.4x 2022 earnings while a healthy fully franked dividend due in August makes this another tempting contrarian play.

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05/05/2022 09:20

JB Hi-Fi (JBH)

Yesterday saw JBH fall close to 5% following a slightly disappointing 3rd quarter updater and no earnings guidance for FY22. This is one company that could start to feel the impact of both a slowing housing market and supply chain disruptions building in China. When we look at the chart yet again we see a stock that’s threatening to fail after “popping” to fresh highs with JBH now more than 12% below its March high, the stocks not expensive here but on balance we’re happy to watch from the sidelines for now.

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04/05/2022 17:28

JB Hi-Fi (JBH) $49.73

JBH -4.77%: Knocked lower following a 3Q update while they didn’t provide FY22 sales and earnings guidance, saying that there was too much uncertainty. Goldmans made some comments today that I thought were relevant with a slowing housing cycle and increasing supply-chain issues in Shanghai and Shenzhen ports creating challenges for JBH.  Overall, JBH reported Australia comparable sales y/y up +11.1% while N.Z. comparable...

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25/03/2022 09:33

Is JB Hi-Fi showing us that Retails still strong?

Scott Morrison is going to the polls in May with Australia’s consumer confidence at a 30-year low with inflation and rising mortgage rates weighing on peoples minds i.e. they’re starting to have less cash in their pockets as wages growth fails to maintain pace with the likes of petrol & food costs. COVID helped savings in Australia to unprecedented levels as the government literally threw cash at the problem...

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14/02/2022 17:13

JB Hi-Fi (JBH) $51.71

JBH $5.42%: Reported 1H22 earnings this morning that were down 2% on last year but very much inline with market expectations – not surprising given the result was pre-released, however what was a surprise was a $250m off market share buy-back while they also talked up sales strength in January. While no guidance was given due to COVID (this was expected), a good start...

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18/01/2022 17:02

JB Hi-Fi (JBH) $49.84

JBH +6.86%: a strong day out for the retailer today with 2Q sales figures coming in better than feared. JB Hi-Fi said that sales for their Australian business was up 1.2% on the 2nd quarter of last year, The Good Guys adding 2.8% while the New Zealand business fell -3.4% largely due to lockdowns. The 1H looks to have come in better than the market...

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14/01/2022 09:24

JB Hi-Fi (JBH) $44.93

JBH has traded nowhere for almost 1.5 years and on balance we can see a test of $40 before $50. Into current weakness the stocks yield is edging towards 7% fully franked which again is hard to ignore with the next dividend due at the end of February.

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22/10/2021 09:21

JB Hi-Fi (JBH) $47.17

JBH has also corrected over 20% dancing in almost perfect tandem with HVN as concerns towards the medium-term macro picture continue to hang over the market and sector. Similar to HVN we can see over 20% upside into 2022 and with a  projected yields above 6% its extremely hard to pick between the two.

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16/08/2021 08:11

Reporting Today (BPT, BEN, BSL, CAR, GPT, JBH, LLC, SWM)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Beach Energy (BPT) FY21 Results: NPAT expected to be  $324m

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