A solid, but not spectacular performance in very, very difficult circumstances totally beyond the control of management. The additional freight and supply line problems will further aggravate FY22 results, but again, management have done well in uncontrollable circumstances. A tad disappointed with the comparative online trading update figures. Temple & Webster has reported sales up 56% over the same trading period whereas ADH have reported 15% for ADH online and 26% for Mocka. It's difficult to see the company bettering FY21 full year results by much. Still I'd suggest 23c ff dividend is protected. No reason to sell although there might be some pressure over the coming days.
ADH Price at posting:
$3.98 Sentiment: Hold Disclosure: Held
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