We are quite tempted to Buy HFD. In our view some of the modernisation stories being worked on in the background are seeing encouraging early results and the aim to move the business onto more of a customerrelationship model is beginning to bear fruit. The forecast reduction guided by the company today – from flat yoy to £50- 55m PBT (£58.8m 2018/19) – suggests that there is still risk in taking that course. But we believe that when we see the Interim results it will b
04 Sep 2019
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Halfords Group Plc (HFD:LON) | 148 -5 (-2.3%) | Mkt Cap: 322.9m
- Published:
04 Sep 2019 -
Author:
Tony Shiret -
Pages:
7
We are quite tempted to Buy HFD. In our view some of the modernisation stories being worked on in the background are seeing encouraging early results and the aim to move the business onto more of a customerrelationship model is beginning to bear fruit. The forecast reduction guided by the company today – from flat yoy to £50- 55m PBT (£58.8m 2018/19) – suggests that there is still risk in taking that course. But we believe that when we see the Interim results it will b