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.
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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". I… ...read more or visit website »
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Halfords Group plc is a holding company. The principal activities of the Company are retailing of automotive, leisure and cycling products, and car servicing and repair. It operates in two segments: Halfords Retail (Retail) and Halfords Autocentres (Autocentres). It products and services include Friend of the Motorist, Best Cycle Shop in Town and Starting Point for Great Getaways. Retail sells up to 16,000 different product lines with ranges in car parts, in-car technology, child seats, cycling, roof boxes, outdoor leisure and camping equipment. As of March 30, 2012, Retail traded from 467 retail stores, which included 402 superstores, 34 compact stores and 31 metro compact stores, and online through the halfords.com and halfords.ie Websites. Autocentres is the car servicing and repair operator offering maintenance, service and repair services. As of March 30, 2012, Autocentres traded from 260 car servicing centres and online through the www.halfordsautocentres.com Website. more »
