Retailer SUL owns the likes of Rebel Sports, BCF, and Super Cheap Autos all household names which I visit often. The business has been doing well in 2021 reporting a 23% jump in half year sales with its 5.8% fully franked dividend feeling sustainable and by definition very attractive. However, the stock’s struggling after making fresh highs in recent weeks and inline with our thoughts when we sold it from the Income Portfolio, we would only be interested into further weakness sub $11.50.
MM is neutral SUL above $12
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