In a podcast with Livewire, Anthony Scali said that he was looking to expand into the UK and that it looked attractive. He said this would be done through an acquisition. If this went ahead would the SP rally? I'd imagine NCK would have to do a large cap raise to fund the acquisition. With the growth story in Aus and NZ slowing, I do think the UK could be a very good source of growth and it does sound like the furniture market over there is ripe for the taking.
https://www.livewiremarkets.com/wires/meet-the-man-who-turned-nick-scali-into-a-10-bagger
Would expansion to the UK be positive for the SP?
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Last
$13.80 |
Change
-0.180(1.29%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.96 | $13.69 | $3.116M | 225.8K |
Buyers (Bids)
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| 1 | 4814 | $13.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $13.84 | 382 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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$13.80 |
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| Open | High | Low | Volume | ||
| $13.93 | $13.93 | $13.70 | 25019 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NCK (ASX) Chart |