Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team Thanks for your ongoing commentary - very helpful Just looking for a view on a small cap , SHM It receives little coverage and research but it’s business model is a little like Breville It looks quite cheap to me Any commentary that you are able to provide on a fundamental or technical view would be appreciated Thanks Cheers David Payton
Morning David,
Shiro Holdings (SHM) is a $99m NSW company which sells kitchen appliances and consumer products, indeed operating in a similar space to the $4.2bn Breville Group (BRG) which trades on a significantly higher valuation, we feel this is probably justified due to its ongoing growth prospects. SHM owns brands like Omega and Robinhood in Australia and New Zealand while also distributing the likes of Casio and Blanco, the trouble is it’s hard to mirror the expansion into the US that BRG has enjoyed. As a stand alone business we like SHM and the more goals it can kick locally the more investors’ attention it will enjoy.
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