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News: CCX City Chic Collective Expects To Trade Profitably In H2 FY24, page-7

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24/11/23

13:44

Post #: 71090524
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** Shares of City Chic Collective up as much as 11.9% to A$0.375, set for their best week since Aug. 4, if gains hold
** Citi says CCX is demonstrating progress on its strategy to make the business sustainable on a lower sales base
** Brokerage raises PT to A$0.62 from A$0.55; upgrades rating to "Buy" from "Neutral"
** Analysts note that apparel and footwear co has improving inventory levels which should be conducive to higher margins and reduced working capital, among other reasons
** Citi sees key risk in whether the business can sustainably return to full price sales given the extended clearance activities
** "Better than expected cost out is increasing the prospects that the business may be sustainable" - Citi
** Three of nine analysts rate stock "Buy" or higher, five rate "Hold" and one rates "Sell" or lower; their median PT is A$0.49 - LSEG data
** Stock down 29.5% YTD as of last close

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CCX Price at posting: 36.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $40.44M

Open	High	Low	Value	Volume
10.5¢	10.5¢	9.6¢	$201.6K	2.018M

Buyers (Bids)

No.	Vol.	Price($)
9	586500	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	225965	2

View Market Depth

No.	Vol.	Price($)
8	436500	0.100
2	200000	0.098
1	10000	0.097
3	413174	0.096
7	147646	0.095

Price($)	Vol.	No.
0.105	225965	2
0.110	632835	6
0.115	381269	10
0.120	739902	6
0.125	133988	5

Last trade - 16.10pm 02/08/2024 (20 minute delay)

CCX (ASX) Chart

News: CCX City Chic Collective Expects To Trade Profitably In H2 FY24, page-7

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

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Buyers (Bids)

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News: CCX City Chic Collective Expects To Trade Profitably In H2 FY24, page-7

Top Stories

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News