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
$4.48 |
Change
-0.020(0.44%) |
Mkt cap ! $5.582B |
Open | High | Low | Value | Volume |
$4.49 | $4.49 | $4.42 | $4.483M | 1.003M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 97103 | $4.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.48 | 27153 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42000 | 4.470 |
1 | 1628 | 4.460 |
2 | 8974 | 4.450 |
5 | 21952 | 4.440 |
2 | 7247 | 4.430 |
Price($) | Vol. | No. |
---|---|---|
4.480 | 24489 | 4 |
4.490 | 18322 | 4 |
4.500 | 1721 | 2 |
4.510 | 6923 | 2 |
4.520 | 4628 | 2 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$4.47 |
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Change
-0.020 ( 0.54 %) |
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Open | High | Low | Volume | ||
$4.47 | $4.48 | $4.43 | 1049751 | ||
Last updated 15.59pm 17/06/2024 ? |
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HVN (ASX) Chart |
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