You are spot on @NeedyAfrican. Another reason for the selloff is the lack of guidance, and the fact that it has had a strong run from its low.
This does not mean that the market is correct. 22.9% increase in Nick Scali brand written sales orders over 3 years is not bad considering the interest rate increases since then. It is best to look through the Covid bump for more meaningful comparisons. I am particularly impressed with the reduction in Plush CODB from $58M to $38M.
Still an absolute quality business with very high ROIC of around 50%, and a long history of growth through the cycles.
You are spot on @NeedyAfrican. Another reason for the selloff is...
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Last
$15.86 |
Change
-0.030(0.19%) |
Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| $15.72 | $15.96 | $15.60 | $1.406M | 88.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $15.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.97 | 1028 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NCK (ASX) Chart |