Retail offering great value for those with a timeframe longer than 6-12 months.The market being forward looking will price the change in - e.g. NCK bottomed within a couple of weeks of Lehman collapse despite what happened (and length) thereafter.DSK hit by negative operating leverage in a negative part of the cycle - i.e. <10% drop in sales yet >50% drop in profit. Throw in HoH seasonality to confuse the punters into claiming loss-making or a fad.Bears will point to the SP and call value-trap as they comp to FY21 which they called abnormal at the time (but not pre-covid FY20,19,18,etc).For example FY20 did $9m profit from 110 stores in a normal rate environment - with steady growth in the right areas.Now DSK have grown store count to 145 stores (+35% on pre-covid) with more to come - do the maths on what normalised earnings could look like - then compare to the price of $62m MC or ~$40m EV (adjusted for HY divi + tax + $2m loss).Sentiment always turns. The bears have the glory for now but the SP follows the EPS LT.Lots of other retail gems to be had too IMO - maybe one last flush of negativity to come in the next couple of months (JBH,HVN,LOV with their own warnings?) - then it's pin your ears back (I am hoping so to DCA more).Each to their own strategy - I have seen some people try FA but are really TA guys (they're easy to spot) - make sure you know who you are.GLTA.
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Last
$1.10 |
Change
0.015(1.38%) |
Mkt cap ! $68.49M |
Open | High | Low | Value | Volume |
$1.09 | $1.11 | $1.09 | $125.2K | 114.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22295 | $1.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.11 | 600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 22295 | 1.085 |
2 | 46412 | 1.080 |
1 | 2300 | 1.035 |
2 | 10029 | 1.020 |
4 | 19500 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.105 | 600 | 1 |
1.120 | 5000 | 2 |
1.130 | 26518 | 2 |
1.135 | 8150 | 1 |
1.150 | 58695 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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DSK (ASX) Chart |