LOV.Lovisa Holdings Ltd.

[usenet]

Looking pretty attractive, price has fallen a bit after big run from Feb. Thinking the fears on consumer discretionary pullback after the rises in interest rates has played a big part in the price retraction and impact on earnings ?

market sentiment but I think the business is very solid with massive global expansion, you will see they would have 800+ store by the time they are report in late August.

from what I can see they corner this market as well as taking market share from old and boring incumbent where their stores are dated where as Lovisa is much more modern looking, nicer and up to date with the trend

should see decent high double digit grow rate for the next few years

[winner69]

From SMH -

Meanwhile, Brett Blundy-chaired jewellery seller Lovisa has found itself at the bottom of the bourse (down 6.2 per cent) after revealing that it had appointed Smiggle managing director John Cheston as its new chief executive.

Smiggle is operated by Solomon Lew’s Premier Investments, which was also a poor performer with losses of 2.3 per cent. Silver Lake Resources is down 2.2 per cent.

[DarkHorse]

From SMH -

Meanwhile, Brett Blundy-chaired jewellery seller Lovisa has found itself at the bottom of the bourse (down 6.2 per cent) after revealing that it had appointed Smiggle managing director John Cheston as its new chief executive.

Smiggle is operated by Solomon Lew’s Premier Investments, which was also a poor performer with losses of 2.3 per cent. Silver Lake Resources is down 2.2 per cent.

Finished the day down 10%, certainly an extreme reaction to a change of CEO, esp with the Chair and co-founder being so instrumental in company strategy. Could be a good buying opportunity in a high-quality company for any non-holders.