Melbourne bases LOV is a $1.2bn fashion jewellery business which has experienced a volatile road over the last 12-months including a sharp dip earlier in the month after they temporarily closed more than 40 stores in the UK after a national lockdown was ordered by Boris Johnson. The companies Australian operation is almost 4x larger making this event painful but not catastrophic, fortunately it’s only early days for their foray into Europe.
We envisage exciting medium-term prospects for LOV as the vaccine fights COVID in Europe and management can start building on its purchase of Beeline, potentially huge growth considering they already operate well over 100 fashion jewellery stores in 7 countries across Europe.
MM is bullish LOV initially looking for ~15% upside
Add To Hit List
