HVN and JBH are in the same space essentially - discretionary retail.
No-one needs a new couch.
No-one needs a new phone.
Interest rates up again today.
Unfortunately, the Australian consumer has everything against them - lowering property values, increasing rents, increasing school fees, 2.7 per cent cash deposit returns for retirees, expensive energy + fuel, stagnant wages.
Completely different economy for the Australian consumer than two years ago. Who would disagree?
ASX consumer stocks yet to reflect this reality in my opinion.
Above is not financial advice and my opinion only.
Ann: FY23 Sales Update, page-9
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Last
$79.84 |
Change
-1.140(1.41%) |
Mkt cap ! $8.729B | |||
| Open | High | Low | Value | Volume |
| $80.57 | $80.95 | $79.40 | $26.34M | 329.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $79.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $79.89 | 1184 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| JBH (ASX) Chart |