09/06/2022 09:14

Nick Scali Ltd (NCK) $8.50

NCK is a quality furniture retailer that like many businesses has struggled to deliver orders due to COVID shutdowns in China, but things appear to be slowly improving on the ground in the world’s 2nd largest economy and we feel value is rapidly emerging after the stocks halved over the last 6-months.

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03/02/2022 17:06

Nick Scali (NCK) $14.54

NCK +0.97%: a choppy day for the furniture retailer, but shares closed higher in the end reflecting the small beat. Revenue was down 5.4% on last year to $180m, though earnings fell 6.6% to $35.6m in the half as various COVID related costs jumped – store closures & supply chain disruptions the culprits. Earnings are on track to meet full year expectations...

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14/01/2022 09:29

Nick Scali (NCK) $13.90

Finally furniture retailer NCK which has soared since last October when it announced the $103m acquisition of rival Plush. This is a quality business which is already forecast to yield around 4.5% fully franked, the risk / reward would look very appealing around 5% lower.

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05/08/2021 17:08

Nick Scali (NCK) $12.31

NCK -0.08%: The furniture retailer reported a strong FY21 result today with sales of $373m producing a net profit after tax of $84.2m,  above the $79.2m expected and ahead of company issued guidance of between $78-80m. The FY21 profit compares well to FY20 of $40.08m with the beat being very customary for NCK (i.e. they always under promise and over deliver so the market now expects it).

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05/02/2021 08:54

Nick Scali (NCK) $10.51

Nick Scali (NCK) -0.59%: Lots in the press today about NCK following a very strong result, and whether or not they should be paying back the $3.6m worth of wage subsidies they received from the Australian and NZ Governments in the half. When thinking about this, bear in mind that NCK paid $8m more in tax this half (totalled $17m) than the same time last year so there is an offset

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