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$32.65 lovisa holdings limited

Lovisa recently opened stores in many new countries. And the...

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traderabcde

650 Posts.

90

22/09/23

23:18

Post #: 69987902
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Originally posted by Swage_17: ↑

The broader market has been down in recent days, likely due to higher interest rates here to stay for longer.
I think part of the sell-off is due to negative like for like sales so far in FY24 and what I personally thought was a disappointing number of store openings.

Both these points only impact the short term. Provided the business model is still intact, I think $19 is an attractive SP. However the market, being the unpredictable beast it is, could send the SP into the mid teens.

On one hand FY24 results will be lacklustre due to strong sales in FY23 and weaker economy. This could lead the SP significantly lower (especially when combined with higher interest rates).
On the other hand the long term business model is in tact and a China entry seems imminent (which would boost the store growth rate and runway for store growth).

I wouldn't place short term bets on this stock in either direction.

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Lovisa recently opened stores in many new countries.
And the company had every time to find the best contacts, adapt to the new languages,
regulations, supply channels ...
Now that they've broke new grounds, the setting up of the next stores will get a lot easier.
I think they will do very well.

LOV Price at posting: $19.34 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $32.65		Change -0.250(0.76%)		Mkt cap ! $3.590B

Open	High	Low	Value	Volume
$32.61	$32.87	$32.52	$3.063M	93.79K

Buyers (Bids)

No.	Vol.	Price($)
1	419	$32.64

Sellers (Offers)

Price($)	Vol.	No.
$32.82	1191	1

View Market Depth

No.	Vol.	Price($)
1	419	32.640
2	695	32.610
2	530	32.600
1	226	32.590
1	166	32.580

Price($)	Vol.	No.
32.820	1191	1
32.840	718	5
32.850	269	1
32.860	949	2
32.870	132	1

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last $32.66			Change -0.250 ( 1.10 %)
Open	High		Low	Volume
$32.72	$32.86		$32.52	16385
Last updated 15.59pm 28/05/2024 ?

LOV (ASX) Chart

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