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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Last
$3.59 |
Change
0.030(0.84%) |
Mkt cap ! $3.918B | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.60 | $3.57 | $12.07M | 3.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 31957 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.60 | 29875 | 4 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MTS (ASX) Chart |