A couple of years ago Metcash bought 51% of Mitre 10 hoping to cash-in on a 'booming hardware sector'. Meanwhile Woolworths and Wesfarmers are in a 'fight-to-the-death' battle with each allocating HUGE sums to expand their hardware sector into every nook and cranny. Is MTS making profits from Mitre 10? Trading halt called for several possible reasons, but perhaps a writedown in Mitre 10 assets is one of them. Either way i estimate Metcash in for a tough 12-24 months ahead. Has it peaked? Avoid imo. Better and less risky stuff elsewhere.
is mitre 10 profitable?
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Last
$3.62 |
Change
-0.030(0.82%) |
Mkt cap ! $3.951B | |||
| Open | High | Low | Value | Volume |
| $3.62 | $3.65 | $3.61 | $9.911M | 2.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 48819 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 4798 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MTS (ASX) Chart |