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.
EDV sits on a heavy load of debt, higher interest for longer...
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Last
$5.20 |
Change
0.050(0.97%) |
Mkt cap ! $9.313B | |||
| Open | High | Low | Value | Volume |
| $5.22 | $5.26 | $5.15 | $40.86M | 7.880M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 963 | $5.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.20 | 37760 | 5 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| EDV (ASX) Chart |