Here is the gist of the afr article:
Mr Faul is betting on rebounds from recent laggards including online retailer Kogan, fast-food chain Domino’s Pizza, and pubs and bottle shop owner Endeavour.Those three stocks rank among the worst-performing of the year, led by Domino’s Pizza, which sank more than 30 per cent in January after warning of tepid growth and shrinking profits.
Nonetheless, Mr Faul thinks investors are too dire in their outlook for the pizza chain.
“Domino’s’ sales growth has been volatile, and the share price tends to reflect near-term trading conditions rather than longer-term potential,” he said.
“The near-term outlook is uncertain and hinges on a moderation in elevated inflation. However, we believe the market is overly discounting Domino’s intact and significant long-term growth potential.”
Mr Faul said Kogan’s share price, which has come off strongly since the end of the COVID-19 pandemic, failed to capture the growth in online retail.
“We believe the market is excessively focused on undisputably soft current trading conditions. But we expect revenue growth to reignite as consumers buy more online,” he said.
- Forums
- ASX - By Stock
- Ann: Trading Update
Here is the gist of the afr article:Mr Faul is betting on...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$35.89 |
Change
-0.240(0.66%) |
Mkt cap ! $3.322B |
Open | High | Low | Value | Volume |
$36.24 | $36.36 | $35.72 | $7.856M | 218.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 183 | $35.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.90 | 313 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 352 | 35.880 |
7 | 255 | 35.870 |
8 | 374 | 35.860 |
4 | 249 | 35.850 |
7 | 278 | 35.840 |
Price($) | Vol. | No. |
---|---|---|
35.890 | 443 | 10 |
35.900 | 292 | 4 |
35.910 | 582 | 10 |
35.920 | 565 | 9 |
35.930 | 276 | 5 |
Last trade - 14.49pm 09/10/2024 (20 minute delay) ? |
Featured News
DMP (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online