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$14.71 nick scali limited

agree with those overseas successes, but those are very much...

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woollydog

3,459 Posts.

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24/04/24

21:09

Post #: 73505812
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Originally posted by JoeGambler: ↑

I didnt say it would be a success, just that it is a lower risk strategy than some of the other failed attempts, which were basically just buying a big chunk of market share and lots of goodwill on the balance sheet.

If I'm honest, NCK doesnt really have much of a moat other than some scale advantages in Aus. Other UK players will have similar advantages there, and IMO furniture is a commoditised industry driven by price.

I think its credible they improve margins with increased buying power as mentioned in the announcement, but building the brand and that having success is unknown.

You mentioned some other examples of middling success overseas success, which is basically more revenue but at lower margin than in the home market. I'd imagine that will be the case here, but I'm no expert in the UK furniture industry!

Really great examples of overseas success would be Aristocrat, CSL, Cochlear and James Hardie, mostly in the US.

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agree with those overseas successes, but those are very much market leaders in their fields.
not so with NCK.
will be watching very closely....

NCK Price at posting: $14.07 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $14.71		Change 0.000(0.00%)		Mkt cap ! $1.242B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	405	$15.67

Sellers (Offers)

Price($)	Vol.	No.
$13.98	534	7

View Market Depth

No.	Vol.	Price($)
5	3201	15.440
1	654	15.250
1	100	15.000
1	237	14.760
1	169	14.720

Price($)	Vol.	No.
13.980	533	6
14.600	250	1
14.630	180	2
14.750	248	2
14.890	79	1

Last trade - 10.06am 10/05/2024 (20 minute delay)


Last $14.80			Change 0.000 ( 0.70 %)
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