This note is briefly to update forecasts and Valuation. We found the Prelims, the accompanying analyst meetings and our own discussions with the new management team more positive than we had expected. The current year will be characterised by a major upgrade to online systems alongside running the business as defensively as possible to counter anticipated volatile (and likely weak) demand. This combination may prove relatively benign to the success of the systems piece as it will not have to

31 May 2019
Year of Defence to Come

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Year of Defence to Come
Halfords Group Plc (HFD:LON) | 187 -9.2 (-2.6%) | Mkt Cap: 409.6m
- Published:
31 May 2019 -
Author:
Scott Fulton -
Pages:
7 -
This note is briefly to update forecasts and Valuation. We found the Prelims, the accompanying analyst meetings and our own discussions with the new management team more positive than we had expected. The current year will be characterised by a major upgrade to online systems alongside running the business as defensively as possible to counter anticipated volatile (and likely weak) demand. This combination may prove relatively benign to the success of the systems piece as it will not have to