I like your optimism, but you have not counted the shorters who will want to send the price down big time. That will start a race to sell entitlements as fast as possible. I will be watching and waiting. Lower the better since I don't hold yet.Yeah Len, I have optimism but that is balanced by market forces and shorters, so one needs to be careful when taking a position in a stock like HVN which is still hovering around recent highs.
My original entry into HVN was when the stock was closer to $2.00, a punt then as we were coming out of the GFC when cash handouts by Government helped retailers a little, and luckily I was right with good capital gain since.
But right now I am a little conflicted. I like Harvey because of he does not rent premises, and the property portfolio is over $2.5B. But again the retail space is a different beast to several years ago, margins has fallen and the economy is at crossroads. I think Harvey Norman will continue to be profitable but the SP can fall off from recent highs, well below $4.
So I will accumulate, love the dividends and franking credits in Super, but yes the shorters might drive it down further, however, if it gets down to around $3 and the world economy has not collapsed, then my advice is to buy strongly
- Forums
- ASX - By Stock
- Captital Raising
Yeah Len, I have optimism but that is balanced by market forces...
-
- There are more pages in this discussion • 49 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 HVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.91 |
Change
-0.030(0.61%) |
Mkt cap ! $6.117B |
Open | High | Low | Value | Volume |
$4.92 | $4.94 | $4.89 | $4.101M | 835.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4540 | $4.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.93 | 15286 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 4.890 |
3 | 8733 | 4.880 |
3 | 6962 | 4.870 |
1 | 1962 | 4.860 |
2 | 2168 | 4.850 |
Price($) | Vol. | No. |
---|---|---|
4.940 | 2611 | 1 |
4.950 | 2611 | 1 |
4.960 | 7962 | 2 |
4.970 | 2611 | 1 |
4.980 | 45508 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
HVN (ASX) Chart |