JBH $5.42%: Reported 1H22 earnings this morning that were down 2% on last year but very much inline with market expectations – not surprising given the result was pre-released, however what was a surprise was a $250m off market share buy-back while they also talked up sales strength in January. While no guidance was given due to COVID (this was expected), a good start to the calendar year and confirmation the business is performing well (tight inventory management resulting in good cash conversion).
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM remains neutral JBH around $52
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