EDV sits on a heavy load of debt, higher interest for longer affects bottom line there too. Add in minimum wage increase at an insane 5.8% (inflation cough cough), then the likely lower spending on beers at the pub as mortgage belt. TWEs update confirms some issues among commercial wine too.
I still think this is terrific value in the medium to long term especially as dan Murphy takes more market share. However it’ll be bumpy ride in the short term. I bought swags of TWE over this recently. But sub $6 I’ll add - albeit already hold a lot of these.
Ann: F23 Third Quarter Trading Update, page-15
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Last
$5.47 |
Change
-0.015(0.27%) |
Mkt cap ! $9.832B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.52 | $5.45 | $12.02M | 2.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 18188 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.47 | 40695 | 46 |
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| Last trade - 12.09pm 16/08/2024 (20 minute delay) ? |
| EDV (ASX) Chart |