A snippet from a well respected analyst...
That’s the only reason I am a fraction sceptical on the performance of Australian discretionary retailers. No doubt Australian’s obeyed their Prime Minister and spent their $900 cheques. But what happens now? Is the equity market now putting a P/E on a one-off spending binge? Has everyone spent the $900 and now has a tax bill to pay? I don’t know but I don’t see great value anymore in Australian discretionary retailers albeit the very worst of activity is clearly behind them. Might be worth shorting some of the domestic discretionary names (David Jones DJS, Wesfarmers WES, Harvey Norman HVN, JB Hi-Fi JBH etc) and putting a US consumer bet on via Westfield Group (WDC), News Corp (NWS) and Billabong (BBG)
A snippet from a well respected analyst...That’s the only reason...
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Last
$85.62 |
Change
0.620(0.73%) |
Mkt cap ! $9.361B | |||
| Open | High | Low | Value | Volume |
| $84.50 | $86.40 | $84.43 | $24.54M | 287.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $85.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $85.62 | 37 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| JBH (ASX) Chart |