Very very interesting. Richard Murray has been a retail gun for 25 years. The similarities with JBH when he took over as CEO and MTS total tools are similar. Very good (if not great) businesses that hadn't reached their full potential. Look to see the number of TT stores increase rapidly. And an acquisition in due course (cf Good Guys with Murray was at JBH). Murray wasn't hired to grow the TT business slowly.
Bunnings will continue to be a great great business but as they increasingly become all things to all people (ie pet food and cleaning products) there will be more space for niche specialist players to thrive.
The one big risk is that Murray is now a divisional head rather than CEO and will have to "fight for capital" with the rest of the MTS business units rather than just do it.
Best BSP.
Very very interesting. Richard Murray has been a retail gun for...
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Last
$3.90 |
Change
0.010(0.26%) |
Mkt cap ! $4.257B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.92 | $3.89 | $7.729M | 1.982M |
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| No. | Vol. | Price($) |
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| 6 | 11629 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.91 | 49460 | 5 |
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| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| $3.91 | $3.92 | $3.89 | 468354 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| MTS (ASX) Chart |