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MHI - Michael Hill International

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MHI - Michael Hill International

Postby Bongo666 » 05 Apr 2009 17:52

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Summary
Charts
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News
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Price History
Related Securities

Website

http://www.michaelhill.com.au/www/welcome.cfm

MHI - USA Business Review 2010.pdf
Trading update for 9 months ending 31 March 2009 (1).pdf
Half year Results to 31 December 2008.docx




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MHI - Looking for more

Postby Bongo666 » 14 Jun 2009 23:42

I have a small holding of 3000 MHI shares and like every other stock on the NZX it is one that has been given a decent kicking in the arse but is nevertheless a bargain in my not so humble opinion.

I am looking for more on the dips.

Who is buying this stock in the hope people like my wife don't stop buying jewelry.

What can I say. Its a great stock. :roll:
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Michael Hill rolling out publicity machine

Postby Bongo666 » 17 Jun 2009 08:35

Very clever, Michael Hill (the man) is using publicity from selling his book Toughen Up to push the new look of his stores to be rolled out soon (see attachment below) and his push into North America with his company.

Something he has also done well using his Golf course in Queenstown and his annual violin competition.

"Michael Hill": Master of cross promotion. :roll:
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Looking to buy more Michael Hill

Postby Bongo666 » 20 Jun 2009 09:36

Looking to add at least 7000 more shares, to my current 3000 holding. About time I put my money where my big fat mouth is... :roll:
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Buying more Michael Hill International

Postby Bongo666 » 07 Jul 2009 09:11

I took the plunge yesterday and bought more MHI shares. LOVE its long term prospects. Bit of a worry about the US stores dragging down overall profit though...
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2009 Michael Hill Profit

Postby Bongo666 » 25 Aug 2009 00:37

Judging by the surge in share price for this company today it looks like the result out tomorrow might be better than expected. Just putting it out there... :roll:
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Announcement re Hill Family shareholding

Postby Share Investor » 25 Aug 2010 17:16

Announcement re Hill Family shareholding

The Board has received notification from the Hill Family of two matters concerning its shareholding in Michael Hill International Limited (the ‘Company’).

Firstly, the Hill Family has advised that it wishes to consolidate its shareholding in the Company in a single entity. Historically, the Hill Family shareholding has been held in a number of different family trusts. However, the Hill Family advises that the reasons for doing so are no longer relevant and it considers that a single entity is now more appropriate.

Secondly, and following the consolidation of their shareholding in the Company in a single entity, the Hill Family wish to increase their shareholding in the Company to approximately 50.1%. The Hill Family currently holds approximately 48% of the Company.

The Hill Family understands that these matters will require shareholder approval for the purposes of the Takeovers Code and has requested that they be put before the Company’s annual meeting of shareholders which is scheduled to be held on 5 November 2010.

It is anticipated that if approved by shareholders the Hill Family will look to increase their percentage voting control in the Company by acquiring shares on-market in a manner broadly similar to a company share buyback in the 12 months following approval.

The Board understands that this arrangement will require certain exemptions from the Takeovers Code in order for the information to be contained in the notice of annual meeting to comply with the requirements of the Code. Subject to these exemptions being obtained from the Takeovers Panel within the timeframe for the preparation of the notice of annual meeting the necessary resolutions will be included in the notice sent to shareholders in September. If it becomes apparent that the exemptions cannot be obtained by the Company in the necessary timeframe for the matters to be considered at the annual meeting the Company will make a further announcement.

Pending the necessary shareholder approvals the Hill Family is by virtue of the Takeovers Code not permitted to increase its percentage shareholding in the Company.

Wayne Butler
Company Secretary 25 August 2010
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MHI - 3 Months sales update to 30 September 2010

Postby Share Investor » 01 Nov 2010 08:04

3 Months sales update to 30 September 2010

Michael Hill International Limited
3 months sales to 30 September 2010

Note that these figures represent 2 months accounting adjusted sales results plus September preliminary sales figures prior to final accounting adjustments.

The following figures are in NZ Dollars Last Year This Year % Var

Australia same stores 56,771,333 63,298,059 11.5%
NZ same stores 17,454,977 20,775,761 19.0%
Canada same stores 6,315,141 7,635,511 20.9%
USA same stores 1,643,104 1,930,684 17.5%
Total same stores $82,184,555 $93,640,016 13.9%

Australia all stores 57,740,266 64,146,802 11.1%
NZ all stores 17,453,752 20,775,761 19.0%
Canada all stores 6,728,430 8,499,674 26.3%
USA all stores 2,645,905 1,930,684 -27.0% *
Total all stores $84,568,353 $ 95,352,921 12.8%

Exchange rates used for the 3 months:
Australia 0.82 0.80
Canada 0.76 0.77
USA 0.68 0.73

The following figures are in local currency Last Year This Year % Var

Australia same stores AUD 46,513,865 50,944,669 9.5%
NZ same stores NZD 17,454,977 20,775,761 19.0%
Canada same stores CAD 4,774,011 5,850,593 22.6%
USA same stores USD 1,116,038 1,411,823 26.5%

Australia all stores AUD 47,306,136 51,627,774 9.1%
NZ all stores NZD 17,453,752 20,775,761 19.0%
Canada all stores CAD 5,089,782 6,513,219 28.0%
USA all stores USD 1,798,717 1,411,823 -21.5% *

* Note that 8 stores were closed in the United States in June 2010. Same store results represent the 9 remaining stores.

Comments

The company has experienced a good first quarter of trade in all markets against our last year results. The corresponding quarter in 2009 was still feeling the effects of the global financial crisis however the company is still very satisfied with the gains made in all markets. The second quarter is the most critical trading period for the group so the next 3 months trade will largely determine the result for the 2010-11 year.


R.M. Hill 7/10/2010
Chairman

All inquiries should be made to Mike Parsell CEO phone +61 403 246655
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MHI - 6 months trading update to 31 December 2009

Postby Share Investor » 01 Nov 2010 08:21

6 months trading update to 31 December 2009

Michael Hill International Limited
6 months sales to 31 December 2009

Note that these figures represent 5 months accounting adjusted sales results plus December preliminary sales figures prior to final accounting adjustments and are unaudited.

The following figures are in NZ Dollars Last Year This Year % Var

Australia same stores 144,276,823 153,294,030 6.2%
NZ same stores 49,048,168 51,685,207 5.4 %
Canada same stores 18,544,168 16,212,847 -12.6%
Total same stores $211,869,159 $221,192,084 4.4%

Australia all stores 150,199,307 163,402,243 8.8%
NZ all stores 49,584,508 52,322,875 5.5%
Canada all stores 19,666,677 21,051,118 7.0%
USA all stores 6,999,318 7,487,850 7.0%
Total all stores $226,449,809 $244,264,086 7.9%

Exchange rates used for the 6 months:
Australia 0.83 0.81
Canada 0.71 0.77
USA 0.58 0.72

The following figures are in local currency Last Year This Year % Var

Australia same stores AUD 120,100,614 124,423,041 3.6%
NZ same stores NZD 49,048,168 51,685,207 5.4%
Canada same stores CAD 13,175,001 12,528,868 -4.9%

Australia all stores AUD 125,067,591 132,620,181 6.0%
NZ all stores NZD 49,584,508 52,322,875 5.5%
Canada all stores CAD 13,965,554 16,280,176 16.6%
USA all stores USD 4,091,302 5,357,415 30.9%


Comments
Improved trading conditions during the key Christmas trading period helped the group lift “same store” sales from being flat by the end of the first quarter to 4.4% up by the end of the second quarter. All countries performed well and improved their “same store” trading performance from the first quarter. Retail conditions are still difficult in North America although we have seen some encouraging trends emerging in the second quarter.

The full half year operating results are due to be released to NZX on the 18th February, 2010.


R.M. Hill 7/01/10
Chairman

All inquiries should be made to Mike Parsell CEO phone +61 403 246655
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NEWS: MHI - Partial Takeover

Postby Share Investor » 20 Dec 2010 10:09

Partial Takeover Offer for Michael Hill International Ltd


Related Attachments


MHI - Partial Takeover Offer for Michael Hill International Ltd.pdf


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MHI - Takeover Documents

Postby Share Investor » 20 Dec 2010 17:07

Michael Hill family interests launch partial takeover offer

Michael Hill family interests launch partial takeover offer for Michael Hill International


A partial takeover offer for Michael Hill International Limited (MHI) has been announced today by interests associated with the company’s founder Michael Hill.

Durante Holdings Pty Limited (Durante), the holding company for the 47.63 per cent of the total shares in MHI owned by interests associated with Mr Hill, will offer 90 cents a share for 10.03 million shares in MHI. This will increase Durante’s holding to 50.2 per cent.

Emma Hill, a director of Durante, says at present the family shareholding is locked in the “no-fly zone” (between 20 and 50 percent) where no further shares can be acquired without making a Takeover Code compliant offer to all shareholders.

“The acquisition of this small percentage of shares in MHI will give the family interests flexibility to acquire additional shares in compliance with the Takeovers Code should there be attractive opportunities to do so.”

“Should our offer be successful then we will be able to acquire additional shares in MHI up to the 5 per cent limit specified in the Code in any 12 month period.”

“This offer signals the family’s confidence in the future of MHI as well as giving existing shareholders the opportunity to sell a proportion of their shares at a premium.”

“There is no intention at this time to make a full takeover offer or indeed to sell our shares.

“Durante does not presently intend to make any material changes to the business of MHI or its subsidiaries, but it reserves the right to do so in future. We are also supportive of a board structure that includes three independent non-executive directors,” Ms Hill says.

The offer price of 90 cents represents a 6% premium to Friday’s closing price, as well as a 19% premium to the 90 day volume weighted average price. It also exceeds the highest price MHI shares have traded at in the last two years.

The offer will invite all MHI shareholders other than Durante to sell up to 5 per cent of their holding into the offer, plus shareholders can lodge additional acceptances for any further shares they wish to sell. Should the total number of shares offered exceed the 10.03 million being sought, then scaling will apply to the additional shares offered above the specified 5 per cent. The offer is conditional on Durante receiving applications for at least 9.2 million shares to take its holding above 50 per cent. The offer is also conditional on Overseas Investment Office approval being received.

“We are making a partial offer that will give all our shareholders the opportunity to participate on an equal basis and realise a small proportion of their shareholding at a premium,” Ms Hill says.

Pre-bid agreements have been entered into with two of MHI’s institutional shareholders. ACC and NZ Super Fund have committed to accept their entitlements and lodge additional acceptances for a total of 3 million and 1 million shares respectively, at the same price and on the same terms as all other MHI shareholders other than Durante.

The formal offer document will be dispatched to all MHI shareholders in January.

Ends

For further inquiries please contact:
Senescall Akers
Geoff Senescall – 021 481234
John Draper – 021 581234

Related

MHI - Announcement re Hill Family shareholding (AUG 2010).pdf
MHI - Further announcement re Hill Family shareholding (SEP 2010).pdf
MHI - Partial Takeover Offer for Michael Hill International Ltd.pdf
MHI - Receipt of Notice of intention to make a Partial Offer for shares.pdf


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MHI - SSH - Accident Compensation Corporation (“ACC”)

Postby Share Investor » 21 Aug 2012 12:56

8:48am, 21 Aug 2012 | SSH

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Movement of 1% or more

Date of relevant event: 17 August 2012

To: NZX Limited

And: Michael Hill International Limited

Date this disclosure made: 21 August 2012
Date last disclosure made: 13 October 2011
Substantial security holder(s) giving disclosure

Name(s): Accident Compensation Corporation (“ACC”)
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair Cooper

Contact details: Kym Nijsse +64 4 816 6767 [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation (“ACC”)
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair Cooper.

For this disclosure,—
(a) Total number held in class: 23,304,714
(b) Total in class: 382,775,586
(c) Total percentage held in class: 6.088%
For last disclosure,—
(a) Total number held in class: 19,201,498
(b) Total in class: 382,775,586
(c) Total percentage held in class: 5.016%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the instructions to this form:
Purchase of 1,900,000 shares for net consideration of NZD $2,022,056.00 on 17th August 2012.

Details of relevant interests in substantial holding after relevant event
Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,—
(a) Number held in class: 23,304,714
(b) Percentage held in class: 6.088%
(c) Current registered holder(s) of securities: ACC via New Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a

Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair Cooper.
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or disposal of some or all of the securities, of which the Accident Compensation Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of the Securities Markets Act. Further to regulation 11(2)(b), the material terms of this arrangement are that powers are subject to ACC investment policies and the decisions of the ACC Investment Committee.
For that relevant interest,
(a) Number held in class: 23,304,714
(b) Percentage held in class: 6.088%
(c) Current registered holder(s) of securities: ACC via New Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham and Blair Cooper are employees and portfolio managers or equity analysts for ACC. Under current ACC investment policies, they have the discretion to exercise control over some or all the rights to vote and acquisition or disposal of some or all of the securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: n/a
Declaration
I, Kym Nijsse, declare that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.
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3 Months trading update to 30 September 2012

Postby Share Investor » 05 Oct 2012 09:01

8:30am, 5 Oct 2012 | QUARTER

3 months trading update to 30 September 2012

Note that these figures represent 2 months accounting adjusted sales results plus September preliminary sales figures prior to final accounting adjustments and are unaudited. Revenue figures stated below include the Professional Care Plan (PCP) revenues brought to income during the period.

Revenue from sale of goods for the 3 months to 30 September 2012:

The following figures are in NZ dollars Last Year This Year % Var
Australia same stores 67,352,274 72,917,778 8.3%
New Zealand same stores 20,885,533 22,358,964 7.1%
Canada same stores 9,548,151 10,795,265 13.1%
United States same stores 2,303,007 2,547,948 10.6%
Total same stores $100,088,965 $108,619,955 8.5%

Australia all stores 69,005,840 78,864,019 14.3%
New Zealand all stores 20,993,501 22,668,509 8.0%
Canada all stores 9,507,794 12,296,266 29.3%
United States all stores 2,303,007 2,547,948 10.6%
Total all stores $101,810,142 $116,376,742 14.3%

Exchange rates used for the 3 months:
Australia 0.79 0.78
Canada 0.81 0.81
United States 0.83 0.81

The following figures are in local currency Last Year This Year % Var
Australia same stores AUD 53,390,990 56,811,207 6.4%
New Zealand same stores NZD 20,885,533 22,358,964 7.1%
Canada same stores CAD 7,774,149 8,691,740 11.8%
United States same stores USD 1,921,258 2,058,280 7.1%

Australia all stores AUD 54,702,992 61,442,864 12.3%
New Zealand all stores NZD 20,993,501 22,668,509 8.0%
Canada all stores CAD 7,741,284 9,898,750 27.9%
United States all stores USD 1,921,258 2,058,280 7.1%

All markets traded well over the first quarter and it was pleasing to see our largest market Australia lift its performance after a slow down during 2011-12. The sales growth shown during the quarter was achieved without the need to reduce margins.

Professional Care Plans (PCP) sales continued to grow during the quarter over the corresponding quarter last year which is also pleasing.

The following figures are in NZ Dollars Last Year This Year % Var
PCP revenue collected for the 3 months NZD 5,412,758 6,506,195 20.2%
PCP revenue brought to income for the 3 months NZD 538,143 2,309,414 329.1%

The directors are satisfied with the performance over the first quarter however the key December quarter is now upon us and this will to a large extent determine the group’s result for the year.


Sir Michael Hill 5 October 2012
Chairman

All enquiries should be made to Mike Parsell CEO phone +61 403 246655
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MHI - Michael Hill International - 6 months to 31 Dec

Postby Share Investor » 11 Jan 2013 09:02

MONTHLY: MHI: 6 Months trading update to 31 December 2012

MHI
11/01/2013 08:30
MONTHLY

REL: 0830 HRS Michael Hill International Limited

MONTHLY: MHI: 6 Months trading update to 31 December 2012

Michael Hill International Limited
6 months trading update to 31 December 2012

Note that these figures represent 5 months accounting adjusted sales results
plus December preliminary sales figures prior to final accounting adjustments
and are unaudited. Revenue figures stated below include the Professional Care
Plan (PCP) revenues brought to income during the period.

Revenue from sale of goods for the 6 months to 31 December 2012:

The following figures are in NZ dollars Last Year This
Year % Var
Australia same stores 183,753,900 188,454,454 2.6%
New Zealand same stores 60,553,893 62,455,857 3.1%
Canada same stores 29,516,675 30,128,794 2.1%
United States same stores 6,634,201 6,684,981
0.8%
Total same stores $280,458,669 $287,724,086
2.6%

Australia all stores
189,550,222 206,699,761 9.0%
New Zealand all stores 60,907,953 63,188,946
3.7%
Canada all stores 30,353,540 36,235,725 19.4%

United States all stores
6,634,201 6,684,981 0.8%
Total all stores $287,445,916 $312,809,413 8.8%

Exchange rates used for the 6 months:
Australia 0.78 0.79
Canada 0.80 0.81
United States 0.79 0.82

The following figures are in local currency Last Year
This Year % Var
Australia same stores AUD 142,607,491 148,531,784 4.2%
New Zealand same stores NZD 60,553,893 62,455,857
3.1%
Canada same stores CAD 23,596,688 24,523,620 3.9%
United States same stores USD 5,271,525 5,478,247 3.9%

Australia all stores AUD
147,090,553 162,925,790 10.8%
New Zealand all stores NZD 60,907,953 63,188,946 3.7%
Canada all stores CAD 24,256,876
29,505,246 21.6%
United States all stores USD 5,271,525 5,478,247
3.9%

December quarter sales, including the critical Christmas trading period, fell
short of our forecasts and didn't deliver the improvement over last year that
the company had expected. However while all four markets struggled to gain
traction over last year's sales in the second quarter, it is still pleasing
that all four markets achieved solid "same store" store sales for the half
year.

Cash flow remains strong and our Professional Care Plan product continues to
deliver good cash flow as well as contributing solidly to the Group's revenue
line (see below).

It should be noted that the revenue figures stated above include the current
portion of income from the sale of PCP's. The revenue from these plans is
carried on the balance sheet as deferred revenue and is then brought to
income over the life of the plans (three year and life time plans).

The following figures are in NZ Dollars Last Year This
Year % Var
PCP revenue collected for the 6 months NZD 14,411,408
18,063,228 25.3%
PCP revenue brought to income for the 6 months NZD 1,466,312
5,059,515 245.1%

Half year EBIT for the Group is expected to be in the range of $34m to $36m
compared to $34.775m for the corresponding period last year. The full half
year results for the 6 months to 31 December 2012 are due for release to the
NZX on 15 February, 2013.

Sir Michael Hill 11 January 2013
Chairman

All enquiries should be made to either Mike Parsell CEO phone +61 403 246655
or Phil Taylor CFO +61 413 709066
End CA:00231949 For:MHI Type:MONTHLY Time:2013-01-11 08:30:09


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