The branding is very strong. Ask anyone in Melbourne about where to buy a tv, DVD etc and they will all say "go to jb".
It really does have a strong reputation for a deal and many don't even bother going elsewhere.
I have been looking at tv pricing from online retailers (ie those with no shop presence or simply just a wharehouse), and it seems evident to me that their prices are much higher than jb's advertised prices. And we all know that no-one pays jb's advertised price anyway, so obviously the volume discounts they receive from manufacturers is significant.
I don't thing we will see a catalyst until they next update the market. I think they will surprise and will announce a number initiatives to further drive growth.
With dick smith beaten off, they will be in an even more powerful position to negotiate terms with suppliers.
some additional points, page-22
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$78.11 |
Change
-0.720(0.91%) |
Mkt cap ! $8.580B | |||
| Open | High | Low | Value | Volume |
| $78.38 | $78.90 | $77.89 | $6.622M | 84.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13 | $78.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $78.12 | 5 | 2 |
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| Last trade - 12.58pm 29/08/2024 (20 minute delay) ? |
| JBH (ASX) Chart |