I'm bullish on DMP but it seems like this fund manager has no idea about the stock:
- "You can already see some signs of recovery with the new products that were launched in Australia, and same store sales are improving." - Australia is not the issue, sales have never been stronger.
- "The overseas markets haven't delivered yet. But it's still early days with all turnarounds. It takes time to see the results of the strategy, but lessons learned in Australia will be taken to overseas markets." - it has delivered. Until recently, the Japan business was a huge success. The slow down in growth we have been seeing is actually because the Japan business grew too fast. Not to mention other countries who are going well like Germany and Singapore.
Just took a look at his fund and they have unsurprisingly quite substantially underperformed their index since inception.
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Last
$35.89 |
Change
-0.860(2.34%) |
Mkt cap ! $3.263B |
Open | High | Low | Value | Volume |
$36.87 | $36.98 | $35.89 | $39.82M | 1.104M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3393 | $35.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.91 | 600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1206 | 35.880 |
6 | 1795 | 35.850 |
3 | 668 | 35.840 |
1 | 250 | 35.810 |
5 | 668 | 35.800 |
Price($) | Vol. | No. |
---|---|---|
35.930 | 2355 | 1 |
36.100 | 1000 | 1 |
36.120 | 72 | 1 |
36.320 | 1000 | 1 |
36.550 | 1500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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