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
$32.82 |
Change
0.190(0.58%) |
Mkt cap ! $3.600B |
Open | High | Low | Value | Volume |
$33.12 | $33.13 | $32.53 | $2.417M | 73.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 220 | $32.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.82 | 1131 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7 | 32.500 |
1 | 600 | 32.400 |
1 | 1000 | 31.710 |
1 | 1 | 31.700 |
1 | 222 | 31.500 |
Price($) | Vol. | No. |
---|---|---|
33.000 | 181 | 1 |
33.140 | 153 | 1 |
33.300 | 250 | 1 |
33.700 | 850 | 1 |
33.960 | 417 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LOV (ASX) Chart |