Agreed, the discretionary retail sector has held up far better than expected and the outlook is stronger than I had anticipated.
My prior view was that DSK has a bright future and an attractive valuation on a longer-term perspective - however it faced substantial short-term challenges. My view has now shifted due to resilient results from other key players in the discretionary sector - NCK, JBH etc. I now suspect that we may be close to peak-pessimism for discretionary retailers, an excellent time to enter.
Whilst the half yearly results will be bleak, this matches the sentiment & consensus expectations thus there is likely limited further downside barring unforeseen issues.
The analyst forecasts for a rebound in 2025 now appears reasonable - in which case DSK's current price is relatively attractive. I'm going to take a medium sized position prior to the report, in anticipation of a better trading outlook than the current SP suggests.
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Agreed, the discretionary retail sector has held up far better...
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Last
66.0¢ |
Change
-0.020(2.94%) |
Mkt cap ! $41.09M |
Open | High | Low | Value | Volume |
66.5¢ | 68.0¢ | 66.0¢ | $56.37K | 84.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4038 | 66.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.0¢ | 2385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4038 | 0.660 |
1 | 8000 | 0.655 |
6 | 26107 | 0.650 |
1 | 4651 | 0.645 |
2 | 16407 | 0.640 |
Price($) | Vol. | No. |
---|---|---|
0.680 | 2385 | 1 |
0.685 | 1022 | 1 |
0.690 | 12069 | 2 |
0.695 | 2856 | 1 |
0.700 | 40938 | 8 |
Last trade - 15.25pm 06/06/2024 (20 minute delay) ? |
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Last
67.0¢ |
  |
Change
-0.020 ( 1.47 %) |
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Open | High | Low | Volume | ||
66.5¢ | 67.5¢ | 66.0¢ | 17872 | ||
Last updated 15.33pm 06/06/2024 ? |
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DSK (ASX) Chart |