Illiquid stocks can go up just as fast ...even faster sometimes ....eh Couts
Printable View
Market volatility is hitting even the more stable companies. I'm in it for the long haul so not overly fussed with the recent few days performance.
At this rate on the 17th I may look into a pseudo DRP / top up.
Grahger average buy price was $4.55. The ones they’ve sold average sell $5.37
The 3.32 million they still had Friday average is $4.27 (including sells)
Future?
I see Grahger ceased to be a shareholder in Lovisa a month or so ago
McGinty — Maybe the facts have changed about retail in Australia and they quitting the sector altogether
Who knows ....are they still in Specialty
So folks, suppose due to the temporarily lower currency, (now reverted back to the long term 68-73 cent range) they make 43 cps this year against 48 cps last year (normalised for sale of storm) What is the correct PE given they are still growing sales at circa 7% per annum, (normalised for sale of loss making storm brand) in this tougher retail environment, (which might last for a while or might not). Is a forward PE of about 12 fair (12 x 43 cps = $5.16) or are we a bit lower now given the overall negativism in the market. Maybe a PE of 11 = $4.73 ? is very good value even in this market considering they are still growing sales at a good rate in a very tough market unlike some companies. Selloff seems a little overdone but just like it was obviously overbought at $5.70 and went all the way to $6.30 maybe this still has legs to the downside even yet :eek2:
Even though they said they will provide a further trading update at the Company’s Annual General Meeting I doubt they will much more to what we know already
We already have the sales growth to end of November and the challenging market bit so not much more to add is there unless they feel inclined to mention margins. Just have to wait until Feb before we really know what’s going on.
Announcements are generally pretty brief at the best of times and share price not important to the Board anyway.
A couple Directors getting their responses ready to answer the Shareholders Association calling them old fuddy duddys ...that’s quite funny