on a market that is down retail is holding up ... till
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on a market that is down retail is holding up ... till
"Rod Speak" is now up against the negative we cant do anything about speak by these central bankers who are central bankers because they dont see a way forward....
will the "RODS" of this world lead the country out of this negative speak in these speaks by the RBNZ conservative painters of money trees...
https://www.nzherald.co.nz/business/...OBGH5ZQLUOOGU/
Share price close today at $4.38
Price been in a steady downtrend since the Sept 21 high of $6.93
Possibly price adjusting to Rod saying next year 'won't be as good'.
I reckon it'll start levelling out about $4.00 / $3.80 - a PE of 10 being more respectable, unlike the high teens it was not that long ago.
Yes interviews on CNBC this evening voicing concern that bank lending will face more regulation.
a credit tightening and therefore more chance of recession...
HLG went up and MHJ held?
BRS still well run.
Just looking at the EBIT Margin % over the years and its slowly increased from 9.45% in 2014 to 20.09% last year and slightly dropped back to 19.11% this year.
How do they achieve such high margins? And is it sustainable or will it drift down to mid teens levels?
Looking at some other retailers:
HLG: 10.57% ebit margin
MHJ: 11.33% ebit margin
KMD: 7.83% ebit margin
WHS: 4.66% ebit margin
Great stuff many thanks Rawz.
Inflation will cause a wobble down for a while but performance still pretty good?
sales up marginally prob due to price rises ill say
that what i like about duke , he is straight up toasts his success but is honest that things are going to get tougher going forward
“Gross margin remains a major focus for the Group and we continue to see pressure as the impacts of the economic downturn are felt. However, we currently expect this year to show that the Group can protect around half of the 633 basis points gained during the 2 years ended January 2021 and January 2022.
https://www.nzx.com/announcements/410852