Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Would love to get your thoughts on EDV. Its had a bit of a pull back but its starting to creep up again. Wondering if, now that it's demerged, it can really grow over the next 3-5 years and how its likely to do in the rising interest rate environment? Thanks again for the great service. Cheers, Josh.
Hi Josh,
Endeavour Group (EDV) is a retail drinks and hospitality business i.e. they own chains BWS and Dan Murphy’s & was recently spun out of Woolies. The company delivered a solid trading update with sales coming in marginally lower at $2.936bn, the business has suffered at the hands of COVID although its online sales continues to grow. The stock hasn’t moved since August and its hard to see a catalyst on the horizon to provide a meaningfully strong tailwind into 2022. We prefer Metcash in a similar space and hold that in our income portfolio.
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