Very high margin.. Profitable. Growing at enormous rate. The only downside is the P/E is a bit high for my liking.. Other fashion retailers like PAS Group (although not direct comparison), is trading at P/E around 7 ish.. It was listed at $1.15 and now hovering around 87c mark..
I personally think this is a better company compared to SurfStitch.. As a side joke, if you pronounce SurfStitch quickly, you'll know why it's not a good money making company.
Fast fashion jewellery retailer Lovisa has closed its institutional bookbuild, ahead of an ASX-listing.
The initial public offering price had already been set at $2 a share, and its understood there was strong demand from local and international fund managers.
