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1.4¢ oliver's real food limited

good upward trend re SP maybe due to news of more EG roll outs ....

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dmcd

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03/07/20

18:25

Post #: 45635012
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Originally posted by zenxmen: ↑

Good points though may a few more be added. I may be wrong of course though I am feeling more positive over time.

Cabin fever will settle down but not for quite awhile and long term trends are that people will take more domestic holidays away from the cities, ie past Olivers. Olivers will benefit from more domestic travel as international travel means more Aussies go OS and those that come in from OS are not likely aware of Olivers tucked away on the highways.

Australia is well positioned to bounce back quickly as we have escaped the ravages being experienced by places like the US. As far as what is happening in Victoria, it is still mild and we have experience and huge resources to contain it and other out breaks like it will be a different prospect to late Feb. Our Governments is not clearly engaged and aware.

Whilst 50% of OLI's store network is in Victoria, Victoria as part of the Australian response, is well equipped. We as a country were naive at the end of Feb however now there is a much more effective system in place to contain and deal with outbreaks. Fingers crossed all will be well and time will tell.

A good point re people using digital means leading to less business travel. However, I dont think it will be that dramatic and in addition it will be balanced out by more people longer term having domestic holidays and in the country (As per Airbnb remarks mentioned) Also if there is a reasonable period without the challenges of bushfires and covid-19 Oliver's has a good chance. It will be interesting to see information soon on how their sales are going. The usual winter lull will likely be a bumper crop.Good luck to all.

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good upward trend re SP maybe due to news of more EG roll outs . about 14 i think this week.

OLI Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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