As an addition, I can't recall that there has been any pandemic related tailwind communicated from management. If anything there has been a slight headwind from some difficulty in obtaining stock.
What that means is that we have to put this stellar performance down to the result of the substantial investment in the infrastructure (branches and DC's) in Australia in recent years. Yep, good old fashioned leveraging a fairly stable cost base. And I guess it matters little what product you're selling, when much of the gross profit flows through to earnings.
Going by history, it might be time to make ditch the 3 year plans for 2 year plans from here on.
As an addition, I can't recall that there has been any pandemic...
Add SNL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.70 |
Change
0.010(0.05%) |
Mkt cap ! $922.3M | |||
| Open | High | Low | Value | Volume |
| $21.95 | $21.95 | $21.50 | $307.3K | 14.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 930 | $21.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.96 | 300 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| SNL (ASX) Chart |