It's a bit hard to justify today's price on growth in Aust/NZ. Of the analysts that follow them - consensus TP is $1.40 or $1.42 (depending who does the averaging) with a high of $1.47.
Seems Mr Market is betting that Brett will help them emulate the success of his Lovisa chain in Asia. I hope he does ... but shoes have different supplier dynamics/logistics/etc to jewelry. Could be a big spike if/when they announce some country exclusive supply arrangements in Asia tho!
I'm a bit overweight so looking to trim in the next fin year (hopefully following another big spike). CGT will hurt tho given how strongly they've run!
AX1 Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
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