I like your optimism, but you have not counted the shorters who will want to send the price down big time. That will start a race to sell entitlements as fast as possible. I will be watching and waiting. Lower the better since I don't hold yet.Yeah Len, I have optimism but that is balanced by market forces and shorters, so one needs to be careful when taking a position in a stock like HVN which is still hovering around recent highs.
My original entry into HVN was when the stock was closer to $2.00, a punt then as we were coming out of the GFC when cash handouts by Government helped retailers a little, and luckily I was right with good capital gain since.
But right now I am a little conflicted. I like Harvey because of he does not rent premises, and the property portfolio is over $2.5B. But again the retail space is a different beast to several years ago, margins has fallen and the economy is at crossroads. I think Harvey Norman will continue to be profitable but the SP can fall off from recent highs, well below $4.
So I will accumulate, love the dividends and franking credits in Super, but yes the shorters might drive it down further, however, if it gets down to around $3 and the world economy has not collapsed, then my advice is to buy strongly
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Last
$4.90 |
Change
0.020(0.41%) |
Mkt cap ! $6.105B |
Open | High | Low | Value | Volume |
$4.86 | $4.90 | $4.81 | $8.210M | 1.688M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | $4.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.90 | 979 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15 | 5.140 |
1 | 1 | 5.060 |
1 | 27 | 5.020 |
3 | 7910 | 5.000 |
1 | 201 | 4.920 |
Price($) | Vol. | No. |
---|---|---|
4.760 | 716 | 4 |
4.780 | 15 | 1 |
4.900 | 942 | 3 |
4.910 | 3 | 1 |
4.920 | 11351 | 5 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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HVN (ASX) Chart |