It's not surprising that the market rose on this news as there was a fair bit of panic selling going on.
The reality is that HVN (and all other retailers) are facing a difficult period coming off the covid spike in spending, high inflation, increasing interest rates and fears of a recession. There is nothing fundamentally wrong with HVN and at some point these issues will disappear into the past and there will likely be a profit rebound as the cycle changes.
Anyone who purchases at current prices is buying the stock at 6-7 times earning at a low point in the cycle, and at below book value - which a large part of is property holdings, and therefore real. They will also receive a grossed up yield of around 10% which means that providing conditions don't deteriorate too much further they should have a reasonable run with the stock.
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Last
$4.31 |
Change
0.030(0.70%) |
Mkt cap ! $5.370B |
Open | High | Low | Value | Volume |
$4.30 | $4.34 | $4.29 | $7.161M | 1.659M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 7566 | $4.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.31 | 17899 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 7566 | 4.300 |
10 | 30211 | 4.290 |
7 | 15899 | 4.280 |
4 | 2851 | 4.270 |
4 | 7806 | 4.260 |
Price($) | Vol. | No. |
---|---|---|
4.320 | 5000 | 1 |
4.330 | 11547 | 3 |
4.340 | 15770 | 5 |
4.350 | 28447 | 7 |
4.360 | 2440 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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HVN (ASX) Chart |