Agree with you on favourable FX movements. My discussions with previous CFO was that most inventory purchases were hedged and that FX cover was usually about 3 months out on a rolling basis. We might see some GP benefit in December quarter but not sure if there have been any changes in hedging policy.
As for overseas product enquires, I am not surprised but not sure if there is any substance in the financial impact. Buying product from Oz and then shipping back OS is a rather expensive way, double handling of freight essentially. Maybe it is expats wanting a slice of home developed product.
The warehousing and land costs for Adairs are hopefully locked in for the first term of the new lease, at least 5 years I would think and then we would be subject to a rent review to market which are generally uncapped, but all good for say the next 5 years.
Nice to see a finish above $2 yesterday. I must say Adairs is one of my most anticipated results coming into August. There is some chance that it will knock the lights out, as they say...
Cheers......Daicosisgod
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Last
$2.12 |
Change
0.080(3.92%) |
Mkt cap ! $370.3M |
Open | High | Low | Value | Volume |
$2.03 | $2.12 | $2.02 | $1.162M | 555.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4191 | $2.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.13 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4191 | 2.100 |
3 | 3273 | 2.090 |
2 | 2986 | 2.080 |
1 | 1080 | 2.070 |
1 | 1080 | 2.060 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 2500 | 1 |
2.140 | 1002 | 1 |
2.150 | 1002 | 1 |
2.160 | 1002 | 1 |
2.170 | 1002 | 1 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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