SSG -6.69%: provided guidance for the full year as we head into the final fortnight before the books roll over. The personal grooming retailer is expecting sales of $211-231m into NPAT of $16.75m-17.5m, with the market at the lower end of the range. The stock fell despite the seemingly good news though. It’s been a big year for SSG which had NPAT of just $10.6m in FY20. Net cash is expected to fall to around half the balance with the company spending some cash to buy back 6 franchised stores earlier in the year. The market seems to be looking over this bump in earnings today though, more concerned about how the model holds up in more normal conditions in which it struggled in prior to FY20.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Friday 9th May – Dow up +254pts, SPI up +3pts
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