12/10/2023 09:17

JBH Hi-Fi Ltd (JBH) $46.82

JBH is likely to receive money from a large number of subscribers into Christmas, especially for children and grandchildren presents. The concern with their report in August was that FY24 had started off slowly, which coincides with people becoming more cautious with how they use/spend their discretionary dollars. Understandably, the company didn’t provide firm FY24 guidance, but they did note a slowdown in sales for July for their larger brands.

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14/08/2023 16:31

JB Hi-Fi (JBH) $48.51

JBH +2.75%: the retailer came through with a small beat to expectations at their FY23 results today, however, FY24 has started slowly as the crunch on discretionary spending picks up.

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04/08/2023 09:55

JB Hi-Fi (JBH) $45.35

JBH is a high-quality retailer with a great model hence the stock's relative resilience over the last 12 months. Because they are generally better than their competitors, market share gains have offset weaker sales across the categories they operate in.

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04/05/2023 09:21

JB Hi-Fi (JBH) Ltd $45.48

JBH, the well-known retailer across the JB-Hi-Fi & Good Guys brands bucked the market and rallied almost 2% yesterday. The company is a leading retailer of technology and consumer electronics, with a strong position with the younger, tech-savvy demographic.

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04/04/2023 09:30

James Hardie (JHX) $31.61

JHX in our opinion is the obvious play towards housing benefitting from both huge US exposure and a depressed share price. It may take a little time to unfold but JHX is an excellent housing recovery stock in MM’s view, for all the reason that we have previously highlighted. • We continue to like the risk/reward towards JHX targeting a test of the $37-40 area.

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10/03/2023 09:17

JB Hi-Fi Ltd (JBH) $43.68

JBH has already weathered the Amazon storm when it focussed on what it does best, now it’s time to endure the headwind from the RBA. JBH is carrying a 7.1% short position that’s still steadily growing as traders expect deeper mortgage pain through 2023 i.e. an easy stance to understand. In terms of insider buys/sells there has been no activity over the last 6 months with 897.63k shares held by those in the know i.e. no bearish read-through here. • We aren’t yet pressing the buy button towards the Australian consumer but JBH is one of our favourite vehicles when we do.

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14/02/2023 09:17

JB Hi-Fi Ltd (JBH) $44.25

JBH fell over -5% yesterday following its 1H23 results which were solid but the outlook dampened investors’ enthusiasm i.e. the company gross margin beat expectations, the dividend was lifted over 20% to $1.97 but looking forward to a potential rate-induced recession is clearly bad news for this seller of electronics.

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13/02/2023 16:45

JB Hi-Fi (JBH) $44.25

JBH -5.08%: traded lower following 1H23 results that were largely pre-guided to, with commentary around January trading the main focus.

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07/02/2023 09:04

JB Hi-Fi Ltd (JBH) $47.81

JBH slipped only -0.6% yesterday illustrating in the process that many of its younger customers wouldn’t regard its merchandise as discretionary, more like an absolute necessity!

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17/01/2023 17:18

JB Hi-Fi (JBH) $46.51

JBH -1.25%: shares initially traded to 8-month highs today following JBH’s record first-half sales update. Net sales are expected to rise 8.6% to $5.3b, while Net Profit for the first half is seen at ~$330m, up more than 14% vs 1H22. The CEO said easing COVID pressures and disruptions had contributed to improved margins while solid customer...

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