FY21 Result: A good result for the retailer with like for like sales growth of 23% over the year booking an underlying NPAT of $306.8m, about a ~2% beat to expectations and up 107% on FY20 . That said, lockdowns are currently biting with trading to start the 1st 7 weeks of the year showing signs of slowing growth hence the muted share price reaction. Shares are trading marginally lower at time of writing, down -0.61% to $13.05
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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 is neutral SUL at best around $13
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