It's not surprising that the market rose on this news as there was a fair bit of panic selling going on.
The reality is that HVN (and all other retailers) are facing a difficult period coming off the covid spike in spending, high inflation, increasing interest rates and fears of a recession. There is nothing fundamentally wrong with HVN and at some point these issues will disappear into the past and there will likely be a profit rebound as the cycle changes.
Anyone who purchases at current prices is buying the stock at 6-7 times earning at a low point in the cycle, and at below book value - which a large part of is property holdings, and therefore real. They will also receive a grossed up yield of around 10% which means that providing conditions don't deteriorate too much further they should have a reasonable run with the stock.
- Forums
- ASX - By Stock
- HVN
- Ann: Market Disclosure
Ann: Market Disclosure, page-27
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add HVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.71 |
Change
-0.100(2.08%) |
Mkt cap ! $5.868B |
Open | High | Low | Value | Volume |
$4.78 | $4.80 | $4.71 | $10.16M | 2.148M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 24661 | $4.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.73 | 1922 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 24518 | 4.700 |
5 | 19218 | 4.690 |
3 | 4422 | 4.680 |
4 | 10236 | 4.670 |
1 | 1922 | 4.660 |
Price($) | Vol. | No. |
---|---|---|
4.730 | 1922 | 1 |
4.740 | 1922 | 1 |
4.750 | 6776 | 3 |
4.760 | 9598 | 2 |
4.770 | 4300 | 3 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
HVN (ASX) Chart |