DHG has been suffering of late following REA Group’s (REA) strong FY21 result but disappointing guidance for the year ahead, in the case of REA their report showed an impressive +13% in revenue but listings for July fell 3% year on year which is not what you want to see for a company priced for growth. Lockdowns are clearly the issue here and hopefully these will be a distant memory by Christmas hence any ongoing weakness towards $4 feels like a great risk / reward buying opportunity in DHG.
MM is neutral / negative DHG short-term
Add To Hit List
