ADH 1.66% $1.84 adairs limited

Jun'21 Trading Update, page-40

  1. 1,158 Posts.
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    Thanks @daicosisgod
    @Klogg
    It will be interesting to see what they lay out as the longer term strategy with the next set of results. As far as I can tell, the Mocka earnout should be fundable from cashflows. They've clearly onboarded a very large number of staff, particulary in ecommerce/omni/IT and marketing this last FY which is an investment in future growth and they've got a strong strategy of online, opening up adjacencies, upsizing, broadening Mocka and NZ that probably still has a number of years to run with 10-20% revenue growth pa possible.
 
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$1.84
Change
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2 12134 $1.82
 

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Price($) Vol. No.
$1.84 11551 1
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