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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Last
$13.91 |
Change
-0.310(2.18%) |
Mkt cap ! $1.185B |
Open | High | Low | Value | Volume |
$14.22 | $14.32 | $13.79 | $2.920M | 208.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 713 | $13.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.93 | 641 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 713 | 13.830 |
1 | 641 | 13.810 |
1 | 641 | 13.790 |
1 | 641 | 13.780 |
1 | 1816 | 13.750 |
Price($) | Vol. | No. |
---|---|---|
13.930 | 641 | 1 |
13.940 | 1955 | 1 |
13.950 | 641 | 1 |
13.970 | 641 | 1 |
13.990 | 641 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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