Interesting that there are a number of "Not Held" &"SELL" contributors here - my guess is that, after JBH's fairly good run-up over recent months from $60. that they were expecting a pull-back with the results (given economic stresses across retail, and lack of interest rate reduction) and were/are still hoping to get JBH cheaper.
So 8% sp rise today (as I write) was a surprise to me.
Generally it is Day#2 after a results report when we can expect a more considered response from the market - so let's see what tomorrow brings.
However, one way to look at today's results is:
- consistent result but for trimmed (-15%) profit (as one would expect in current economic circumstances)
- still growing at CPI (ie July sales)
- throwing off more cash than needed for business
- investing in growth (and in higher margin business)
- recognising shareholder interests (distributing free cashflow and franking credits)
- dominant business in its field, with ability to leverage that.
So, I expect that more investors will see less risk in JBH, and see it as a more investible and more reliable growth+yield stock. That could support a higher P/E margin than otherwise.
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- Ann: Results Presentation - 2024 Full Year Results
Ann: Results Presentation - 2024 Full Year Results, page-27
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Last
$72.98 |
Change
5.610(8.33%) |
Mkt cap ! $7.979B |
Open | High | Low | Value | Volume |
$71.33 | $74.66 | $70.71 | $52.50M | 717.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 903 | $72.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$73.15 | 501 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 903 | 72.760 |
1 | 415 | 72.500 |
1 | 1512 | 72.470 |
1 | 50 | 72.450 |
1 | 400 | 72.400 |
Price($) | Vol. | No. |
---|---|---|
73.150 | 501 | 1 |
73.170 | 14 | 1 |
73.210 | 11 | 1 |
73.300 | 100 | 1 |
73.360 | 12 | 1 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
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