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Good results for Cettire and Nick Scali, page-2

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Barooona

356 Posts.

27

08/02/24

12:47

Post #: 72303076
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Originally posted by saintex: ↑

Both Cettire and Nick Scali shares had strong rebounds, following the publication of their half year results.
This was significant for several reasons :
- market expectations for both companies were quite cautious (cf H1 24 guidance for Nick Scali and slowdown of global luxury spendings for Cettire),
- major recent disposal from substantial shareholders for both companies (which has proved that it was not an indication of future short term results).

I am curious to see the results of other retailers, which may be quite different.
Anyway, still quite confident regarding Shaver Shop, given the valuation which seems to discount a major deterioration.

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I think i agree with your sentiment. Retail stock seems to be recovering quite well. Decided to get myself some SSG aswell
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0 Great analysis

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