Australia's largest stock trading and investment forum Australia's #1 stock forum

SFH

Click for more information

1.24%

$1.22 specialty fashion group limited

Proper auction to now start, page-9

First 9 Last

Share
Profile

Follow
natnicnak

2,050 Posts.

133

15/05/18

17:05

Post #: 33111856
Share

Originally posted by natnicnak ↑

Afr
-/////
Citi analysts have upgraded their recommendation for Specialty Fashion Groupfollowing the sales of Autograph, Katies, Millers and Rivers to Noni-B for $31 million.

The broker had previously given the company a "neutral" recommendation, upgrading it to a "buy" and increasing the target price from 48¢ to 75¢.

Citi says that the sale would be good for SFG as it retains ownership of its strongest brand, City Chic.

The broker values City Chic at $117 million and says that sales are growing at 5-10 per cent with the potential for the business to generate EBITDA of $19-20 million in FY18e.

City Chic has an expanding international business, primarily in the US and Citi says it expects continued expansion for the business's online sales and offshore distribution.

Expand

When it rains, it pours.

SFH Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

RDN

Raiden gears up for exploration in final quarter of 2024

The business of sport: Warren Tredrea's take on this week's news

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The Rising Tide: How institutional adoption is shaping the future of crypto

Reporting wrap: Inghams, Accent, Mayne Pharma

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

There are more pages in this discussion • 6 more messages in this thread...

First 9 Last

Add SFH (ASX) to my watchlist

SPONSORED BY