Macquarie Price Downgrade, page-24

I'm going to speculate that there is a possibility that Lovisa is entering mainland China soon which is they reason for the recent price rise. Just one more day till we find out if that is true. I saw a job opening on the Lovisa linked in page which mentioned mainland china. It was a bit cryptic though since the job was relating to logistics and not a store manager etc. It did mention delivering products to stores but they have manufacturing plants in China so it's hard to say definitively if the job was for new stores in China.