Most people don't know this (which is a joke), but Nick Scali sacked 50 employees.
They only have 107 stores, which is almost 5 sales people per store.
Of course, some may have been from other divisions, but I believe NCK runs a very lean organisation, without a lot of fat.
All you story buyers, believing in $20 share prices, blue sky horizons, boom times, foot traffic (almost as f***g bad as a company announcing website hits) etc.
Yet the company is doing the opposite and sacked staff.
Sacking (conceptually) 5 sales people per store is a sign they are bracing for impact.
Ann: Full Year Results Announcement NCK, page-29
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Last
$15.43 |
Change
0.060(0.39%) |
Mkt cap ! $1.315B | |||
| Open | High | Low | Value | Volume |
| $15.36 | $15.69 | $15.36 | $2.635M | 170.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 784 | $15.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.53 | 792 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| NCK (ASX) Chart |