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Halfords: Will next Tuesday's Q3 update disappoint?

Tuesday, Jan 08 2013 by
1

I have sold my holding in Halfords. I bought Halfords last September and have made some 37% out of the holding. That in itself is not a good enough reason for selling but I am slightly nervous ahead of next week's trading statement. So far at least we have had a pretty mild winter which may well have meant that its sales of winter motoring consumables such as anti-freeze, screen wash and high margin replacement car batteries may have been a little slow. I have decided therefore to lock in my profit and read next Tuesday's third quarter update from the sideline.

www.JohnsInvestmentChronicle.com


Filed Under: Retail, Stock Picks,

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On 1st January 2012 I set up the JIC portfolio with £151,110 cash.Under "Transactions" you can see how it has been invested, "Portfolio" shows the current portfolio and my approach to investing is described under "About Me". A history of all my postings can be found under "Company Blogs". Most… ...read more or visit website »


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"The investments and any other products mentioned in the johnsinvestmentchronicle website should not in any way be considered advice to buy or sell anything. Any information on the website is given in general terms and does not constitute personal advice to any individual. Readers are responsible for developing and applying their own strategies based on their personal circumstances and furthermore readers should obtain independent financial advice from an FSA regulated intermediary before investing money. Information or views in older blogs may become outdated and should not be relied upon unless confirmed by recent comment." "johnsinvestmentchronicle takes every care to ensure that the factual information on its website is accurate but cannot guarantee this."


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Halfords Group plc is a retailer of automotive, leisure and cycling products. The Company’s segments include: Retail and Autocentres. Halfords Retail sells over 16,000 product lines in store and 30,000 online with ranges in car parts, in-car technology, child seats, cycling, roof boxes, outdoor leisure and camping equipment. Halfords Retail trades from over 460 retail stores located throughout the United Kingdom and the Republic of Ireland and online through halfords.com and halfords.ie Websites. Halfords Autocentres is a car servicing and repair operator offering maintenance, service, MOT and repair services. Halfords Autocentres trades from over 300 car-servicing centers and online through halfordsautocentres.com. Its brands include Apollo and Carrera cycles. In outdoor leisure, it sells a range of camping equipment, including brands, such as Vango and Outwell. In June 2014, it acquired Boardman Bikes Limited and Boardman International Limited (together Boardman Bikes). more »

Share Price (Full)
480p
Change
-2.3  -0.5%
P/E (fwd)
15.0
Yield (fwd)
3.3
Mkt Cap (£m)
960.1



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About johnrosier

Johnrosier

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In September 1984, I left university with a degree in Zoology and started work in the City of London. Over the next twenty five years most of my time was spent managing UK equity portfolios with Fleming Investment Management and Henderson Global Investors, for company and local authority pension schemes as well as the reserve fund for a well known charity. During 2009 I left full time employment and decided to take time out to consider the next stage of my career. In the meantime I have been putting my years of experience to good use investing the family savings. I have thoroughly enjoyed the freedom of investing from home and despite some tricky periods during 2011 it has been a rewarding experience. In January 2012 I set up www.johnsinvestmentchronicle.com in which I record my trades and the reasoning behind them. more »



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