Quite keen to own some of these shares but have clearly been a bit late jumping on board. Would I be right in thinking it would be a silly time to jump in now? Maybe better to wait for a dip when it goes Ex Div?
Because of the low liquidity you should be able to pick up some ex dividend around $3.30 if you're lucky
In reply to W69's post.
No1 daughter works at Riccarton Mall,so I walk past Lovisa store often, to keep an eye on it.It is one door away from Kmart.A very small store in a very good location.The store is always busy.
I put the Trust I help out with into them.Hobson Wealth provided good research.The other trustee is in her early 70s.Said she always made a bee line for their store.My daughter spoke well of them too,but the real "seal of approval" came from my granddaughter and her best friend.
I like the fact they sell small items that can be airfreighted around the world very quickly and cheaply.Compare this with HLG where clothing takes up space and the likes of Smiths City moving lounge suites from China.High costs and takes time.
So smallish stores in high foot traffic locations.Fast moving high margin stock,not requiring expensive staff.The fitout of the stores is not expensive.The target market appears to be a lot bigger than I expected.
No I did not buy at the IPO,and at this stage only have a modest holding.
For W69 eyes only.
Game on.The builders are in our Riccarton Lovisa store.
Looking forward to "The New Look Store."
Exciting times.
Not a bad time to have the builders in, as retail is quiet at this time of year.
For W69 eyes only.
Game on.The builders are in our Riccarton Lovisa store.
Looking forward to "The New Look Store."
Exciting times.
Not a bad time to have the builders in, as retail is quiet at this time of year.
The chart looks very positive.
The $3.40 resistance level now looks as though it will become the suport level.
The share price is in a very strong uptrend,so we remain "well positioned".
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