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
$4.41 |
Change
0.080(1.85%) |
Mkt cap ! $5.494B |
Open | High | Low | Value | Volume |
$4.34 | $4.42 | $4.34 | $8.083M | 1.840M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 57529 | $4.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.41 | 21800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37073 | 4.400 |
5 | 16711 | 4.390 |
3 | 21608 | 4.380 |
3 | 14192 | 4.370 |
2 | 4555 | 4.360 |
Price($) | Vol. | No. |
---|---|---|
4.420 | 500 | 1 |
4.430 | 13383 | 3 |
4.440 | 23318 | 5 |
4.450 | 17826 | 6 |
4.460 | 2379 | 1 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$4.40 |
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Change
0.080 ( 1.73 %) |
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Open | High | Low | Volume | ||
$4.35 | $4.42 | $4.34 | 578912 | ||
Last updated 15.59pm 27/05/2024 ? |
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HVN (ASX) Chart |