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Halfords,,it not just the AA who do recovery`s (HFD)     

daves dazzlers - 27 Apr 2005 14:07

Its come along way since these were a pair of old boots,just bought today mid 280s,spent a few pounds in there of late,so why not!

Chart.aspx?Provider=EODIntra&Code=HFD&Si

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
....Email
Share0Print.....
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.”

..

skinny - 02 Aug 2012 10:32 - 120 of 314

_61971719_tv015503682.jpg

I've taken another stab here @204, purely as a speculative punt on the "wiggo" effect on bike & accessory sales before the next figures. I realise that Halfords don't sell the calibre of bike used, but nevertheless, there is bound to be a rise in youngsters taking an interest.

UK bike sales benefit from 'Wiggins effect'

Visa Europe reports that sales of bikes and accessories in the final week of the Tour rose by 6.3 per cent compared to the previous week, and rose 5.1 per cent compared to the same week last year. Although Visa does not mention it in its report, part of the uplift could also be attributed to a long-awaited change to fairer weather in the UK.

London 2012: Bradley Wiggins effect intensifies crowd's love of cycling



Chart.aspx?Provider=EODIntra&Code=HFD&Si

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.aspx?Provider=EODIntra&Code=HFD&Si

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 :-

?m=02&d=20120808&t=2&i=640081434&w=&fh=&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

skinny - 15 Aug 2012 15:12 - 132 of 314

Turned out nice again.

Chart.aspx?Provider=EODIntra&Code=HFD&Si

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.,.
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