TPW 0.36% $13.65 temple & webster group ltd

Temple & Webster are in the consumer discretionary market and...

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    1. Temple & Webster are in the consumer discretionary market and the latest economic results point to a lower probability of more rate increases from the RBA. That points to better operating conditions for the company.
    2. The share buy-back can't pay more than 5% above the 5-day VWAP, so when the share price is rising rapidly it's harder to buy within that limit. Secondly, the company can pull back or stop the buy-back any time it feels it has better uses for its capital. So as the share price increases it will probably do that.

 
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