This stock has been heavily shorted in recent weeks and whilst we are yet to see the final result for H1, betting against a high quality company such as SUL is a task fraught with danger. Expect a slight pull back tomorrow when the shorters have covered all of their short bets.
Looking forward to the H1 results to see how they are progressing with their many improvement project that will eventually give SUL a low cost, efficient supply chain and efficient distribution capability. They are currently the 7th biggest retailer in Oz and aiming to be #5 within a few years mainly through organic growth. Quality company this one.
SUL Price at posting:
$8.90 Sentiment: Hold Disclosure: Held
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