I am a long term holder.
I stick with looking at the broader metrics.
Profits flat/decline for nearly two years.
EPS declining quite significantly by 15% (they couldn't even put it in the presentation).
Dividends declining.
International sales flat.
Not much sparkle here at the moment.
Its really a slow roll out story. Very resilient business protected by no 1 position in its market and high % of in-house designs (which protects operating margin).
Whilst the share price is currently rerating quite nicely, its really just a general market PE re-rate - the poor metrics will stifle it sooner or later.
BLX tends to be quite cyclic. Sort of expands slowly with its new store openings, then suddenly gets a confluence of perfect conditions to boost profits.
But it isn't there at the moment.
I would like to see share buy-backs to give the share price a kick, but its not their thing.
Gosouth
I am a long term holder.I stick with looking at the broader...
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Last
$2.80 |
Change
-0.040(1.41%) |
Mkt cap ! $635.1M | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.82 | $2.80 | $305.4K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1948 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.81 |
Change
-0.040 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $2.82 | $2.82 | $2.80 | 1220 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BLX (ASX) Chart |