Would love to see a trading update from Premier.... past two years they have always released at least 1 between results, and given the negative sentiment around discretionary retail - it would help steady up the market.
I hold on, and topped up in the 20 - 21$ range. Premier has a way of churning out increased profits - even when topline growth is modest. Long track record of this. Im still assuming that they can generate another $200M of EBIT for the second hard of FY22... = >$400M pa. $600M of cash + Property.... EV/EBIT of 6x - that's without factoring in the valuation of Breville and Myer stakes.
Last results annoucenment indiciate that they might be on the look out for another acquisition - and a great time to be on the lookout given wobbly sharemarket... don't know if that meant MYR or other fashion businesses, time will tell.
PMV Price at posting:
$19.45 Sentiment: Hold Disclosure: Held
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