JBH 3.33% $75.41 jb hi-fi limited

Interesting that there are a number of "Not Held" &"SELL"...

  1. 3,832 Posts.
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    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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$75.41
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$74.77 $75.49 $73.88 $38.17M 508.6K

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No. Vol. Price($)
11 136 $75.41
 

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Price($) Vol. No.
$75.42 95 13
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Last trade - 14.10pm 13/08/2024 (20 minute delay) ?
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