LOV 5.41% $33.06 lovisa holdings limited

Macquarie Price Downgrade, page-22

  1. 5,451 Posts.
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    you don't buy LOV for dividend, I prefer they keep the cash and keep rolling out stores and get better return
    their return on capital is 15% plus why would you want dividend over that ROC rate?, let them use the cash and get you 15%+ return a year compound
 
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