It’s difficult to draw comparison between valuations across exchanges. In this case comparing a company listed in Germany where the exchanges are very conservative when it comes to valuation v the ASX which typically sees higher valuations. Furthermore in Australian nearly 1 in 2 people (~13m) are invested in stocks v 1 in 6 (~13m) in Germany due to the more conservative lower risk profile of Germans v the higher risk taking attitude of Australian investors. Even the German pension fund is conservative in their investment nature v our Superannuation system whereby much of the investment is tied up in equities. This might explain why out superannuation assets (3.5T AUD) is 5 x the size of the German pension fund thait employees pay into (400B euro or 700B Aus). That’s not to say that Lovisa will not retreat further. I think it will considering macro conditions. However, the company has great metrics including a significantly higher ROE compared to most retailers “worldwide” including Bijou B and will have only taken 14yrs to reach 900 stores (Lovisa commenced in 2010) v 60yrs for BB (started in 1963). I too will continue to watch for an attractive entry position and will remain patient as tje present macro conditions plays out.
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Last
$33.42 |
Change
1.170(3.63%) |
Mkt cap ! $3.665B |
Open | High | Low | Value | Volume |
$32.50 | $33.48 | $32.41 | $6.061M | 183.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1202 | $33.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.43 | 114 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85 | 33.330 |
1 | 94 | 32.870 |
1 | 78 | 32.820 |
2 | 318 | 32.200 |
1 | 250 | 31.700 |
Price($) | Vol. | No. |
---|---|---|
33.490 | 1000 | 1 |
33.500 | 2784 | 3 |
33.510 | 3492 | 1 |
33.700 | 644 | 1 |
33.800 | 25 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LOV (ASX) Chart |