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Premier Investments (PMV)

ASX.PMV $25.11

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ASX.PMV $25.11

20 MINUTE DELAYED

TODAY

2.83 %

1 YEAR RETURN

0.00%

VOLUME

595,738

DIV YIELD

4.54%

PE RATIO

14.74

52 WEEK RANGE

19.41

28.16

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	25.11
Change	0.69 (2.83)
Bid / Ask	25.07 - 25.28
Volume	595,738
Volume (3mths avg)	0
Turnover	14,976,067
Open	25.04
Day Range	24.69 - 25.76
VWAP	25.14
Prev Close	24.42
Last Trade	01/12 4:10pm (AEST)

KEY INFORMATION
Sector	Services
Shares Issued	91,194,543
NTA/Share	0.00
Last Dividend	0.60
Dividend Ex Date	09 JAN 2024
Dividend Pay Date	24 JAN 2024

CURRENT ()
Revenue	1,497.52
EBITDA	511.26
Profit	285.17
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	4.54
Market Cap	0
Price to Earnings Ratio (P/E)	14.74

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	1,618.40
EBITDA	453.88
Profit	247.02
Earnings Per Share (EPS)	1.54
Dividend Per Share (DPS)	1.15

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (HOLD)

2.58

OPINION

01/12/2023 16:35

Premier Investments (PMV) $25.11

PMV +2.83%: despite a soft backdrop for retailers, Premier continues to show resilience in its earnings based on a positive update at the company’s AGM. Solomon Lew’s retail group noted cost of living pressures were having an impact on the consumer however the company had a record sales week over the ‘Black Friday’ period across their brands which include Just Jeans, Peter Alexander & Smiggle.

05/10/2023 09:03

Premier Investments (PMV) $23.58

PMV has corrected 10% from its early September high after delivering a strong report in the same month, i.e. Sales were up nearly 10% to $1.64b, and retail earnings (EBIT) was up +6.4% to $356.5m. There are a number of moving parts in this retailer, which includes Peter Alexander and Smiggles in its stable, plus considerable stakes in Myer (MYR) and the Breville Group (BRG), but it remains one of our preferred sector plays.

28/09/2023 16:55

Premier Investments (PMV) $24.58

PMV -0.53%: FY23 results out for the retailer today were largely unsurprising given the company provided an update on performance just a few weeks ago. Sales were up nearly 10% to $1.64b, and retail EBIT was up +6.4% to $356.5m, towards the upper end of recent guidance.

21/08/2023 17:20

Premier Investments (PMV) $24.41

PMV +12.23%: the retail group traded near 5-month highs today following a positive trading update, a corporate review and the departure of their CEO Richard Murray. Premier will report FY23 numbers next month for July year-end with EBIT between $355-357m according to today’s update.

04/08/2023 09:56

Premier Investments Ltd (PMV) $22.24

Clothing retailer PMV owns brands such as Just Jeans, Smiggle, Peter Alexander and Dotti all of which fit firmly into the discretionary spending category and the share price has traded accordingly. After mixed performances during COVID, the increasingly challenged environment is expected to weigh on sales due to consumers trading down &/or purchases being deferred across the Premier Retail brands, but if there is one retailer on the boards that has the capacity to take advantage of further weakness, it is PMV.

27/03/2023 16:30

Premier Investments (PMV) $24.70

PMV -2.49%: the retail group reported 1H numbers today which were well ahead across most metrics, however, the initial rally in its shares was sold into, ending the session lower. Sales were a ~15% beat to expectations while Retail EBIT was around 5% ahead of the market.

23/03/2023 16:41

Premier Investments (PMV) $24.95

PMV -3.29%: Hit hard today following a downgrade from UBS who moved to a NEUTRAL rating ahead of their 1H23 results on Monday, essentially the thesis being that it’s too expensive for the trends playing out across the sector meaning the risk/reward no longer stacks up.

14/02/2023 09:15

Premier Investments Ltd (PMV) $26.05

Clothing retailer PMV which owns brands such as Just Jeans, Smiggle, Peter Alexander and Dotti has been a solid performer since June although, like many in the sector, it struggled over the last few weeks. The company also owns over 22% of the turnaround story Myer (MYR) and 25% of the electrical business Breville Group (BRG) – who has reported this morning and maintained guidance for 10% earnings growth - illustrating its diversification but clear exposure to the consumer. • We can see PMV drifting lower with the sector but it’s a quality operator that looks attractive under $25 – PMV has ~$500m of cash on their balance sheet to take advantage of downturns. NB We hold PMV in our Emerging Companies Portfolio.

09/11/2022 10:31

Emerging Companies Portfolio – Amendment (s)

31/10/2022 16:48

Premier Investments (PMV) $25.03

PMV +5.57%: Rallied today following an update provided aftermarket on Friday, normally a time reserved for downgrades! That wasn’t the case with PMV saying that global sales for the first 12 weeks of 1H23 are +42.8% on 1H22 and +21.7% on 1H20 (pre-covid). Based on the 21.7% growth versus pre-covid numbers, this implies total sales that are around...

ACTION

PMV

UPDATED 01/12/2023 16:34 ACTIVE

MM remains long and bullish PMV in the Emerging Companies Portfolio

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PMV

UPDATED 05/10/2023 16:52

MM remains long and bullish PMV

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PMV

UPDATED 29/09/2023 09:29

MM remains bullish PMV and long in the Emerging Companies Portfolio

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PMV

UPDATED 21/08/2023 17:33

MM is long and bullish PMV

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PMV

UPDATED 04/08/2023 09:51

MM is neutral/bullish toward PMV

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PMV

UPDATED 28/03/2023 08:08

MM is bullish PMV, targeting ~$30

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PMV

UPDATED 24/03/2023 12:28

MM remains bullish & long PMV

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PMV

UPDATED 17/02/2023 10:12

MM likes PMV into a pullback

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PMV

UPDATED 10/11/2022 11:50

MM are buying PMV in the Emerging Companies Portfolio, allocating 4% around $24.85

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PMV

UPDATED 31/10/2022 16:52

MM remain bullish PMV

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Business Summary

Premier Investments Limited is an Australia-based company, which operates a range of specialty retail fashion chains within the specialty retail fashion markets in Australia, New Zealand, Asia, and Europe. It also has investments in listed securities and money market deposits. It operates through two business segments: investments and retail. The Company's investments segment represents investments in securities for both long and short-term gains, dividend income and interest. The Company's retail segment includes a range of specialty retail fashion chains. The Company offers brands, including The Just Group, Smiggle, Peter Alexander, Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. The Company subsidiaries include Kimtara Investments Pty Ltd, Premfin Pty Ltd, Springdeep Investments Pty Ltd, Prempref Pty Ltd, Metalgrove Pty Ltd, Just Group Limited, Just Jeans Group Pty Limited, Just-Shop Pty Limited, Peter Alexander Sleepwear Pty Limited, and Jay Jays Trademark Pty Limited.

WATCH

Portfolio Manager Harry Watt discussing Premier Investments (PMV), Myer (MYR) & KMD Brands (KMD) Recorded Monday 27th March

27/03/2023 12:19

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Premier Investments (PMV)

ASX.PMV $25.11

14 DAYS FREE ACCESS

ASX.PMV $25.11

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Really bullish, there's more to go in the reflation rally

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