Agree. Not encouraging.More quicksand to negotiate short term, but overall the brand is strong.
Mocka may have stemmed some bleeding, but it is still going backwards - it has become almost irrelevant. And surely cannot have a carrying value on the Balance Sheet of approx $80m. The sooner they face the music here, the better.
The actual scenario is that the core Adairs business is down a whisker off 10% in the first 21 weeks of FY24. That is huge.
Focus on Furniture off 8.7% - which doesn't necessarily compare favourably when you look at the higher value Nick Scarli range which was off 6.7% on a like for like basis.
I think the analysts might trim their average FY24 Rev at $585m a little more, given this announcement,
Doubtful on an interim dividend.
- Forums
- ASX - By Stock
- ADH
- Ann: ADH - AGM Presentation FY23
Ann: ADH - AGM Presentation FY23, page-3
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.09 |
Change
-0.040(1.88%) |
Mkt cap ! $365.0M |
Open | High | Low | Value | Volume |
$2.10 | $2.14 | $2.08 | $740.4K | 349.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1082 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 4956 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1082 | 2.080 |
2 | 3901 | 2.070 |
1 | 3856 | 2.060 |
1 | 9756 | 2.050 |
6 | 32930 | 2.040 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 4956 | 2 |
2.120 | 4956 | 2 |
2.130 | 1100 | 1 |
2.140 | 28848 | 3 |
2.150 | 21184 | 8 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
ADH (ASX) Chart |