Halfords (HFD LN, HOLD, 335p) - Update | IR meeting feedback
Last £10m of £50m gross FX impact on COGS not going to happen – FX tailwind 2019/20, maybe 2H 2018/19. Customer data work about to enter new phase. Still some questions re positioning but background now looks more favourable.Halfords Group is a holding company. Co.'s principal activities include the retailing of motoring, cycling and leisure products and services from its Halfords, Cycle Republic and Tredz and Wheelies branded retail stores, websites (including the new website for Boardman Bikes); and car servicing and repair from its Halfords Autocentres outlets. Co. operates through two reportable business segments: Retail, which operates in both the U.K. and Republic of Ireland; and Autocentres, which operates solely in the U.K. As of Mar 31 2017, Co. operated 479 retail stores in the U.K. and Republic of Ireland and 313 autocenters across the U.K.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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