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!

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.

i would have thought these to be worth buying

sticky - this was one of your faves, so what's you view now? ...... stock is certainly in the right sector with its cycles

Just had a dabble @429.0p

it really is very weak indeed .... now 423.75
i'm afraid i bought in at 436, but not hugely so no great harm done

Well hopefully that was the bottom for now.

08 Jan 15 Investec Buy 429.05 520.00 520.00 Retains

LATEST BROKER VIEWS

Date Broker New target Recomm.
8 Jan Liberum Capital 600.00 Buy
8 Jan Investec 520.00 Buy
19 Dec Investec 520.00 Buy
18 Dec Deutsche Bank N/A Hold
11 Dec Citigroup 550.00 Buy
8 Dec Deutsche Bank 460.00 Hold
2 Dec Citigroup 550.00 Buy
2 Dec Liberum Capital 600.00 Buy
27 Nov Citigroup 550.00 Buy
26 Nov Canaccord... 550.00 Buy
Broker Recommendations for Halfords Group

Long on the spreads @ 425.60 initial target 470.0

Wednesday 21st Jan Interim results (Q3)

Interim Management Statement

Highlights for the 15-week Period
· Cycling: continued growth against a tough comparative; Children's Bikes the standout performer
· Car Maintenance: strong performance in all categories; fitting of parts reached record levels
· Car Enhancement: continued decline in Sat Nav and Audio, offset by an excellent Car Cleaning performance
· Travel Solutions: good performance driven by Travel Equipment, Child Car Seats and a new seasonal gift offering
· Online Retail: growth of 16.5%, representing a record 12.9% of total Retail sales
· Autocentres: positive momentum maintained with improved LfL performance, aided by lower-margin tyres

Stop to 435.60 to lock in +10

LATEST BROKER VIEWS

Date Broker New target Recomm.
21 Jan N+1 Singer 540.00 Buy
21 Jan Cantor... 500.00 Hold
20 Jan Liberum Capital 600.00 Buy

There is always one :0)
21 Jan JP Morgan... 440.00 Neutral

HFD have had a good run so have banked a respectable profit but shall def keep on my watchlist for a future foray

I have little doubt HFD will benefit from what could potentially be explosive growth in the use of dash-cams. TV programmes featuring these together with insurers offering 10% discounts for having the gadgets fitted will help drive sales.
Commenting almost 12 months ago Alec James, product manager at Halfords, said: “We've seen interest in dash-cams double over the past year, with a corresponding increase in sales but this may be the tip of the iceberg.

What a twit :- Halfords mechanic caught speeding in car in for MOT

Preliminary Results: Financial Year 2015

Business Highlights
· A strong broad-based sales performance; driven by new products and brands, compelling offers and improving customer service
· The Getting Into Gear strategy continues to progress well
· 46% of colleagues through Gear 2 training with customer feedback scores rising further
· 45 stores refreshed and Cycle Republic launched
· Jill McDonald joins as CEO in May 2015

Financial Highlights
· Group revenues exceeded £1bn, a year ahead of plan
· Retail LFL growth of 7.0% and Q4 +7.5%, the 11th successive quarter of growth
· Online Retail sales exceeded £100m; growth of +14.3% (Q4: +12.6%)
· Group EBITDA up 8.7% with EBITDA margin improvement
· Basic earnings per share up 13.8%
· Proposed full-year dividend per share of 16.5p up 15.4%
· Net Debt reduced to £61.8m, with Net Debt to EBITDA (52 week) at 0.6:1

Investec Buy 489.05 545.00 560.00 Retains

Canaccord Genuity Buy 489.05 550.00 550.00 Reiterates

N+1 Singer Buy 489.05 540.00 540.00 Retains

Liberum Capital Buy 489.05 600.00 600.00 Reiterates

Cantor Fitzgerald Hold 489.05 500.00 500.00 Reiterates

Trading Statement

Take your pick!

Canaccord Genuity Buy 469.25 640.00 640.00 Reiterates

Cantor Fitzgerald Hold 469.25 565.00 565.00 Reiterates

JP Morgan Cazenove Neutral 469.25 460.00 460.00 Reiterates