I am very bullish on Nick Scali for the long term (5-10 years)
I believe
1. They are up against temporary headwinds
2. They have a proven ability to allocate capital efficiently (the plush acquisition is definitely an unprecedented challenge)
3. CEO is a major shareholder and will inherently do what is best for shareholders - I see taking debt on and avoiding dilution as opposed to raising capital proof of this.
I am optimistic that they are able to get through the next couple of years, open new stores, pay off their debt and come out the other side in great shape,
But I may be wrong.
I am very bullish on Nick Scali for the long term (5-10 years)I...
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Last
$14.21 |
Change
0.710(5.26%) |
Mkt cap ! $1.211B | |||
| Open | High | Low | Value | Volume |
| $13.59 | $14.30 | $13.56 | $4.080M | 290.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 657 | $14.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.23 | 977 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NCK (ASX) Chart |