Yeah, it's been a slightly [pleasantly] surprising rise.
I'd assumed it was either 1) global investors looking for discretionary retailers after Target (NYSE) earnings/outlook surprised, or 2) expectations of an improving retail environment if/when rates come down a bit.
You might be on to something with the logistics centre though. I just assumed it was up and running, but don't think I've ever seen that confirmed. Assuming it's as good as they've anticipated it should bring some cost/inventory improves pretty quickly.
Ann: Trading Update for FY24, page-11
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Last
83.5¢ |
Change
0.025(3.09%) |
Mkt cap ! $694.5M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 84.0¢ | 80.0¢ | $1.459M | 1.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 20188 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |