I think we will start to see AX1 and other retailers SP start to increase as it gets closer to full year announcement. Nick Scali presented their FY results yesterday and their share price is almost at a 52week high. yes I know couches and tables are very different to footwear, but it shows people are spending their money, they are not holding onto it and footwear is an easy purchase and health announcements continue to tell people to get out and walk/run for 30mins a day.... need shoes for that.
AX1 already announced they would be up 10% profit vs FY19, so even with VIC lockdown, surely there is good news ahead. Well I am hopeful
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