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!

Good recovery after going ex divi yesterday.

Yes - wish I'd held on now.

Could do with the volume pumping up skinny.

Trading Update on the 10th - decisions, decisions.....

Interim Management Statement

Key Points For The Quarter
· Cycling: strong growth in all areas with Premium Bike sales increasing by 35.1%
· Car Maintenance: a good Workshop performance offset by a tough comparative in parts sales
· Car Enhancement: Car Cleaning sales up 16.2% mitigating declines in both Sat Nav and Audio
· Travel Solutions: compelling offers in roof boxes and roof bars resonated well with customers
· Online Retail: sales up 13.1% driven by a strong performance in Cycling
· Autocentres: positive momentum continued with new management focusing on the customer experience

Financial Position and Outlook
The Group's financial position remains sound. All guidance for the full year remains unchanged.

Stop to 491.3 to lock in + 20

Oriel Securities Buy 486.15 491.90 550.00 550.00 Reiterates

Cantor Fitzgerald Buy 486.15 491.90 500.00 500.00 Upgrades

Deutsche Bank Hold 486.15 491.90 430.00 430.00 Reiterates

N+1 Singer Buy 495.75 491.90 600.00 600.00 Retains

Investec Buy 481.20 491.90 520.00 520.00 Retains

Buy shares of Halfords to capitalise on the UK's retail recovery and the growing craze for cycling, Questor advised in the Sunday Telegraph. The shares have risen about 60% since Questor recommended them in early October 2013 but have gone sideways in the past month. The Tour de France has boosted cycle sales and the company has consolidated its position in the bike market by buying out the successful Boardman cycle brand last month. Its car maintenance business is also improving.

Back on watch list, looking for a bounce of 200DMA. In a range since June. Interim results 6th November,

LATEST BROKER VIEWS

Date Broker New target Recomm.
12 Sep Exane BNP... 500.00 Neutral
22 Aug Barclays... N/A Underweight
14 Jul Numis 545.00 Add
11 Jul Oriel... 550.00 Buy
11 Jul Deutsche Bank 440.00 Hold
10 Jul Investec 520.00 Buy
10 Jul N+1 Singer 600.00 Buy
10 Jul Oriel... 550.00 Buy
10 Jul Cantor... 500.00 Buy
10 Jul Deutsche Bank 430.00 Hold
Broker Recommendations for Halfords Group

Back on the list.

Limit Buy triggered Cap Spreads at the open (Dec contract) @ 471.0

Added (spreads) ETX Capital @ 464.0 9am, target 500 tight stop.

Stop to 471.0 to lock in + 7

Gone long, first thing.

Closed ETX trade @ 485.0 + 21

Cap Spreads (dec) stop to 476.0 to lock in + 5

Half Yearly Report

Financial Highlights
· Group revenues +6.8% (Q2 Retail LFL sales +5.7%)
· Cycling sales +16.0% with growth in all Cycling categories
· Car Maintenance sales +7.1% in the second quarter
· Online Retail sales +13.7%
· Basic earnings per share before non-recurring items +14.2%
· Operating cashflow of £86.1m funding the acquisition of Boardman Bikes and an increase in cash capex
· Interim dividend per share of 5.5p, up 5.8% as the Group progresses to a 30:70 interim:final weighting

Business Highlights
· Further success of the Getting Into Gear Retail strategy: 46 stores traded under a refreshed format, successful trial of five days a week delivery to store and an essential SAP upgrade completed
· The launch of Car Parts Direct, strengthening Halfords' authority within the Auto category
· A new cycle brand, 13, launched to complement a growing portfolio of performance brands
· The first steps of the rollout of Cycle Republic, a fresh cycling proposition in Britain's towns and cities
· The £14.0m acquisition of Boardman Bikes, taking one of the UK's fastest-growing cycle brands in-house

Matt Davies, Chief Executive, commented:
"This was a strong performance against particularly tough comparatives and we are pleased overall with the progress we are making under our Getting Into Gear Retail plan. A strengthened Cycling offer was underpinned by the acquisition of Boardman Bikes whilst Halfords continued to build its Auto credentials with the launch of Car Parts Direct. More Retail colleagues completed their Gear-2 training, the supply-chain and IT infrastructure improved further and refreshed stores performed in line with expectations. Autocentres delivered an improved sales performance, with new management focused on the motorist experience. I look forward to a second half where we will continue to position Halfords to deliver sustainable profit growth."

RNS


RNS Number : 5983B

Halfords Group PLC

08 January 2015








8 January 2015



Halfords announces Matt Davies to step down as CEO



Halfords Group plc ("Halfords") announces that Matt Davies, Chief Executive Officer (CEO), has resigned to take up the position of UK and ROI CEO at Tesco plc. Matt will remain as CEO of Halfords until the end of May 2015, supported by Halfords' well-established management team.



The Board has commenced a process to appoint his successor.



Trading for the 13 weeks ended 26 December 2014 continued to be strong and was in line with management's expectations. As originally planned, a full trading update for the 15 weeks to 9 January 2015 will be provided on 21 January 2015.



Commenting on behalf of the Board, Dennis Millard said: "We would like to thank Matt for his outstanding contribution to the business. Our Getting Into Gear Strategy is well underway and we have set a clear direction, built significant momentum across the organisation and are making good progress. Halfords is a strong business with leading positions in a number of large and attractive retail and service markets, led by an excellent and well established management team."



Matt Davies said: "My decision to leave has been very difficult. I have really enjoyed my time at Halfords, working with a great team of people across the business, helping to create and deliver a clear service-focused strategy. I am fully committed to driving the business over the next few months before I depart, as we continue to implement the Getting Into Gear Strategy."





Enquiries:




Halfords





Dennis Millard, Chairman

+44 (0) 207 379 5151









Andrew Findlay, Chief Financial Officer

+44 (0) 1527 513 113


Adam Phillips, Head of Investor Relations












Maitland

+44 (0) 207 379 5151


Neil Bennett

Always happens when this scenario occurs, watching.