Balerboy
- 19 Jul 2012 11:56
- 117 of 314
Hope it's coming right 7152.......come on halfords "get on yr bike".,.
skinny
- 19 Jul 2012 12:04
- 118 of 314
George/BB - I got stopped out @209 after the post dividend fall.
Assuming "they" are correct and the summer returns next week, maybe sales of bikes and outdoor equipment may pick up. And of course there is the "Bradley Wiggins" effect, if he wins the Tour.
dreamcatcher
- 19 Jul 2012 22:15
- 119 of 314
..Halfords chief David Wild departs as sales fall
By Nathalie Thomas | Telegraph – 3 hours ago
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Struggling bike and car parts retailer Halfords has cast adrift its chief executive, David Wild, after issuing its ninth-profit warning in two years.
Mr Wild joined Halfords from Wal-Mart in 2008 but agreed to resign after he was summoned to a crunch meeting with the retailer’s board on Wednesday night.
Halfords’ chairman, Dennis Millard, said the board felt it was the “right time” for a change in leadership as the retailer presses ahead with a new strategy.
But analysts suggested Mr Wild failed to adequately address crucial areas such as product ranges, competition from online retailers and poor customer service during his tenure.
News of his departure came as Halfords, which has more than 460 stores, issued yet another profit warning. It blamed the poor weather for a 5.6pc slump in like-for-like revenue during the first quarter as the rain dampened appetite for bikes and other outdoor products.
Despite the bleak update, Halfords shares staged their biggest one-day gain in more than two years, rising 8.4 - 4.3pc - to 205.8p.
Mr Millard left with a £645,400 pay-off - the equivalent of one year’s salary and benefits.
Philip Dorgan, an analyst with Panmure Gordon, said Mr Wild’s resignation would be viewed “positively”. “Many market commentators regard Halford’s problems as being in execution, rather than structural,” he said.
John Stevenson of Peel Hunt said it was “no surprise” Mr Wild had been cast adrift after such a poor run over the past two years.
“They have too many stores and those stores are over-spaced,” Mr Stevenson said, adding that he did not believe Thursday’s profit warning would be the retailer’s last.
Dennis Millard, Halfords chairman, will become executive chairman while Egon Zehnder, the recruitment company, searches for a replacement chief executive.
Sources said Mr Millard is looking for a candidate with more services experience as Halfords tries to move away from traditional retailing and focus more heavily on areas such as car repairs.
Mr Wild said: “I have enjoyed my time at Halfords and feel we have accomplished a great deal during my tenure as CEO.”
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Balerboy
- 02 Aug 2012 10:34
- 121 of 314
could do with a boost here skinny, hope your right.,.
2517GEORGE
- 02 Aug 2012 10:49
- 122 of 314
Skinny, bb, as you know I sold out at a loss here but wish you both good luck. I see FGP are doing nicely as well.
I am re-thinking another of my strategies which I will share with you : From now on I'm going to buy what I normally disgard and sell what I normally buy, should be profitable ha! ha!
2517
skinny
- 02 Aug 2012 10:52
- 123 of 314
George - I know that feeling all too well! :-)
Balerboy
- 02 Aug 2012 13:27
- 124 of 314
me too 5127......lol
Balerboy
- 06 Aug 2012 14:01
- 125 of 314
214p George and climbing, think i'll give a mini gibby..... yyyeeeehhhaaa.,.
HARRYCAT
- 06 Aug 2012 14:26
- 126 of 314
Chart for you Bb. This one won't upset you! ;o) [Although recent broker forecasts might @ 205p].
2517GEORGE
- 06 Aug 2012 18:16
- 127 of 314
Hey relay bob, you don't have to rub it in. Hope it does well for you.
2517
skinny
- 09 Aug 2012 11:52
- 128 of 314
Although not directly relevant to HFD, this is nevertheless quite interesting :-
Squeezed by debt crisis, Greeks ditch cars for bikes
(Reuters) - Greece's dire economic plight has forced thousands of businesses to close, thrown one in five out of work and eroded the living standards of millions. But for bicycle-maker Giorgos Vogiatzis, it's not all bad news.
The crisis has put cash-strapped Greeks on their bikes - once snubbed as a sign of poverty or just plain risky - and Greek manufacturers are shifting into fast gear.
Balerboy
- 09 Aug 2012 19:59
- 129 of 314
This is looking like a profit coming on......... yyeeha
Balerboy
- 14 Aug 2012 12:42
- 130 of 314
Going north still today.... not long now.,.
2517GEORGE
- 14 Aug 2012 12:48
- 131 of 314
Hey well done BB, holding your nerve looks to be paying off. Nice one on FGP too.
2517
Balerboy
- 16 Aug 2012 19:17
- 133 of 314
still climbing £2.80 comin
skinny
- 16 Aug 2012 20:57
- 134 of 314
Not bad - I'm up @18% since the 2nd.
Balerboy
- 17 Aug 2012 09:44
- 135 of 314
6p to go for my entry then hope it stays north a bit longer.,.
Balerboy
- 07 Sep 2012 08:48
- 136 of 314
on a roll this morning.,.