I'm not super keen on retail as I think margin pressure is only going to grow but this business has pretty good scale, diversity, reasonably modest debt and a decent level of execution success IMO.
Doubling down in the outdoor/Rays area is a bold move and probably driving more concern than people viewing upside, possibly explaining the price drop given in my view the half yearly report was not too bad on a quick read.
I'm in at $6.85 for a modest amount based on attractive PE and Div yield with most of the risk already priced in.
Time to buy, page-22
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Last
$14.48 |
Change
0.340(2.40%) |
Mkt cap ! $3.269B | |||
| Open | High | Low | Value | Volume |
| $14.31 | $14.64 | $14.22 | $7.868M | 544.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8001 | $14.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.49 | 1206 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| SUL (ASX) Chart |