Agree with you on favourable FX movements. My discussions with previous CFO was that most inventory purchases were hedged and that FX cover was usually about 3 months out on a rolling basis. We might see some GP benefit in December quarter but not sure if there have been any changes in hedging policy.
As for overseas product enquires, I am not surprised but not sure if there is any substance in the financial impact. Buying product from Oz and then shipping back OS is a rather expensive way, double handling of freight essentially. Maybe it is expats wanting a slice of home developed product.
The warehousing and land costs for Adairs are hopefully locked in for the first term of the new lease, at least 5 years I would think and then we would be subject to a rent review to market which are generally uncapped, but all good for say the next 5 years.
Nice to see a finish above $2 yesterday. I must say Adairs is one of my most anticipated results coming into August. There is some chance that it will knock the lights out, as they say...
Cheers......Daicosisgod
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Last
$1.88 |
Change
-0.015(0.79%) |
Mkt cap ! $328.4M | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.90 | $1.87 | $354.4K | 188.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 33200 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 1550 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ADH (ASX) Chart |