Could not help noticing Beacon Lighting jumping 22.6% today on a trading update. Whilst in a different space it is a retailer as is Accent Group. There has not been a trading update for a couple of months by AX1 but when one comes it should blow the sox of the S.P. imo.
Other retail stocks are booming so accumulation around these levels should pay off in spades. Governments are introducing stimulus packages constantly in an effort to keep ppl in a job & unemployment down.
With online sales booming, store rationalisation and staff management under control plus shopping centres firing there should be nothing stopping profit growth for this company. Sentiment = BUY.
DYOR
AX1 Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
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