It’s difficult to draw comparison between valuations across exchanges. In this case comparing a company listed in Germany where the exchanges are very conservative when it comes to valuation v the ASX which typically sees higher valuations. Furthermore in Australian nearly 1 in 2 people (~13m) are invested in stocks v 1 in 6 (~13m) in Germany due to the more conservative lower risk profile of Germans v the higher risk taking attitude of Australian investors. Even the German pension fund is conservative in their investment nature v our Superannuation system whereby much of the investment is tied up in equities. This might explain why out superannuation assets (3.5T AUD) is 5 x the size of the German pension fund thait employees pay into (400B euro or 700B Aus). That’s not to say that Lovisa will not retreat further. I think it will considering macro conditions. However, the company has great metrics including a significantly higher ROE compared to most retailers “worldwide” including Bijou B and will have only taken 14yrs to reach 900 stores (Lovisa commenced in 2010) v 60yrs for BB (started in 1963). I too will continue to watch for an attractive entry position and will remain patient as tje present macro conditions plays out.
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Last
$32.56 |
Change
-0.050(0.15%) |
Mkt cap ! $3.555B |
Open | High | Low | Value | Volume |
$32.57 | $32.69 | $32.36 | $1.827M | 56.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $32.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.56 | 50 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 308 | 32.590 |
6 | 328 | 32.580 |
5 | 354 | 32.570 |
3 | 212 | 32.560 |
4 | 143 | 32.550 |
Price($) | Vol. | No. |
---|---|---|
32.610 | 144 | 3 |
32.620 | 113 | 5 |
32.630 | 65 | 4 |
32.640 | 118 | 4 |
32.650 | 936 | 5 |
Last trade - 12.56pm 08/08/2024 (20 minute delay) ? |
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LOV (ASX) Chart |