Retail sector has its winners and losers AX1 has outperformed, hasn't needed to raise capital and their online sales surge is a massive positive. I'm factoring in a slight increase to the dividend as well which would make it a very attractive yield play as well as growth story. Keep in mind they have increased dividends the last 3 years consistently. ROE is impressive as well.
Financial Year End may have had some impact on Insto's rebalancing books and AX1 is held in some fund manager portfolios. Next few days will be interesting as there are usually some stocks that re rate straight after financial year end.
AX1 Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)