Guess it all comes down to how much the bad news was priced in.
the bad = revenue down 8.8%, NPAT down 7.5%. (caused by the china fiasco)
The good = growth in luxury and premium brands, margins increased (suggests pricing power), the balance sheet looks good with net assets up $70 million.
Dividend of 15 cents, is probably sensible. About 2.8% annualised at current share price plus franking credits.
Guess it all comes down to how much the bad news was priced in....
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Last
$11.93 |
Change
-0.170(1.40%) |
Mkt cap ! $9.680B | |||
| Open | High | Low | Value | Volume |
| $11.98 | $12.07 | $11.91 | $12.83M | 1.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8700 | $11.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.94 | 480 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$11.95 |
Change
-0.170 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| $12.01 | $12.07 | $11.91 | 238267 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| TWE (ASX) Chart |