I’m skeptical of consumer spending beyond say Q4 2023 as mortgage cliff begins July 2023. A lot of the mortgage belt consumers are EDV’s pub users.
Long term, not an issue. However might be some opportunity to buy this cheaper. Albeit I think it’s worth a buy at this level as entry, I wouldn’t be surprised of further weakness. So trickle buys - just my personal view. I added a little lower when WOW sold off those few months ago.
Ann: F23 Third Quarter Trading Update, page-4
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Last
$5.23 |
Change
0.070(1.36%) |
Mkt cap ! $9.313B | |||
| Open | High | Low | Value | Volume |
| $5.18 | $5.23 | $5.15 | $12.83M | 2.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 84261 | $5.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.23 | 94593 | 44 |
View Market Depth
| Last trade - 15.54pm 17/07/2024 (20 minute delay) ? |
| EDV (ASX) Chart |