Great analysis on GM and costs in this thread, thank you!
A couple of additions from me:
Their July 2023 trading update looks weak on the face of it at -8% vs July 2022; however, it is just that July 2022 was a very strong month (it was 60% above July 2019). Between July 2022 and Dec 2022 things started getting weaker, so as we move through this half the comps are going to get easier - on my calculations if June/July trade continues like this, comps will turn positive by the AGM trading update (from base effects)
They should be able to hold onto a lot of their GM% gains
- Shipping rates are back to pre-COVID levels, and current trade and deflation out of Asia points to dynamics which will keep a lid on shipping rates for the foreseeable future
- Input cost reductions from scale benefits now that their putting in orders with both Nick Scali and Plush volumes combined
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$14.04 |
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Open | High | Low | Value | Volume |
$14.00 | $14.12 | $13.94 | $3.939M | 280.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 702 | $13.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.08 | 702 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 109 | 13.800 |
1 | 1700 | 13.770 |
2 | 1731 | 13.570 |
3 | 367 | 13.500 |
1 | 10000 | 13.490 |
Price($) | Vol. | No. |
---|---|---|
14.150 | 5000 | 1 |
14.180 | 700 | 1 |
14.200 | 1410 | 1 |
14.310 | 75 | 1 |
14.350 | 180 | 1 |
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