An interesting perspective from a grocery executive I spoke with last night:
He said that we should start to see some positive margin impacts because of lower fuel costs for logistics and wholesale/ retail businesses with large supply chains over the next quarter (and beyond). He observed we have seen some positive gains in the share price of businesses like Qantas, but that lower fuel cost benefits have not been factored into businesses like MTS (as yet). He'd like to see oil hold below $50/ barrel for a month+ to confirm the benefits to the market.
My take is that a positive earnings surprise would be a catalyst for some investors to re-rate MTS and push its price higher.
We should start seeing trading updates from most ASX listed companies shortly. I eagerly await the trading update for MTS.
mts, page-60
Add MTS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.72 |
Change
0.010(0.27%) |
Mkt cap ! $4.060B | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.73 | $3.69 | $12.74M | 3.433M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 85374 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 127493 | 5 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MTS (ASX) Chart |