HVN 1.73% $4.55 harvey norman holdings limited

Ann: Half Yearly Report and Accounts, page-32

  1. 4,158 Posts.
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    Both stocks have their place guys no doubt.

    For me HVN repeesents an outstanding buy currently for the following reasons below but again each to their own-

    * PE of 10.3
    * Fully franked tax adjusted div of 5.1%
    * Propery portfolio valued at $2.8B vs market cap of $4.3B
    * Close to its 52 week low
    * Overseas expansion
    * Quality retail management at board level although they’ve made some investment mistakes no doubt
    * Low gearing

    Personally they are the reasons why I’ve been buying HVN for a trade or two.....those with patience will be handsomely rewarded I believe.

    Good Luck All
 
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