Did you read the actual report?
I found it extremely disappointing.... They boosted their profits by revaluing stock. That is a really lazy way to hide the truth of what's going on.
I also found it fascinating, their supermarket business grew by just 2%... the news last week was saying that food inflation is at 9%. So technically they declined by 7%, and sure lockdowns a year ago would have had an impact. They have poor deals when it comes to their massive debt too.
Just a matter of time before institutional investors dump this stock.
News: MTS Metcash Says HY Sales Revenue A$7,737.8 Mln, page-3
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$3.64 |
Change
0.050(1.39%) |
Mkt cap ! $3.973B | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.67 | $3.58 | $24.09M | 6.628M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 271 | $3.64 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 169347 | 7 |
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