Originally Posted by
Rawz
LOV.asx has goodish growth but holy heck it is trading at huge multiples. It increased revenue 15% on FY2019 levels. I dont see what all the fuss is about to be honest.
LOV all about the fast fashion jewellery. MHJ more traditional in a way.
I wonder when MHJ will turn to growth? They have consolidated/refined the business with store rationalisation, new employee sales incentive scheme, no more big discounting promotions, more efficient 3pl supply lines and strong online + branded jewellery offerings. They say a new online market will be entered by H2 FY22, that should offer some growth opportunities but will come with fairly large marketing costs I would imagine. At least its not going to be a physical store rollout. Hill Snr probably wont allow it whilst he is sitting at the board room table, after the USA nightmare....