Sectors: Consumer Goods
SUL has been in an earnings upgrade cycle since September 2022, with FY25 consensus earnings per share (EPS) estimates moving from 89c to $1.09 by September of 2024. Earnings moving higher justifies a higher PE and the stock price moved from ~$8 to above $18.
PMV +9.91% /MYR -1.55%: The duo announced that Myer will merge with the Apparel Brands division of Premier Investments which includes Just Jeans, Jay Jays and Dotti, leaving PMV with Peter Alexander and Smiggle, along with their investment in Breville (BRG).
NCK -4.10%: Hit today on updated guidance, with margin pressure due to freight costs and softer sales in ANZ conspiring against 1H25 results, with profit guidance of $28m a good ~20% below current consensus.
G’day Esteemed Team,
Hi,
1) Like MM, I also got into FMG too early but my holding is small (<1%). So my question is, is it a good idea to top up at current levels below $17 coming into a dividend paying period? Do you see much further downside to the iron ore price?
2) Do you have a view on WK Kellogg Co (KCG US)?
Greetings gentlemen,
Hi Market Matters Team
Can I have your latest view on Treasury Wine.
Post the acquisition of DAOU Vineyards and Equity Raising
“Entitlements not taken up by institutional shareholders were sold and cleared in the Institutional shortfall bookbuild at A$11.50 per New Share, which was A$0.70 per New Share above the Offer Price” – While the Retail Shortfall Bookbuild did not clear at the offer price of $10.80 per New Share. This fall in share price was an opportunity to buy TWE and with the Institutional bookbuild sold at $11.50 – it looked like the shares would trade above the $10.80.
regards
Deb
Hi James and M&M, can you give your view on the BUB capital raising, if it is worth participating in the offer, avoiding it, or cutting my losses. Thank you and keep up the good work.
Another picture that tells a thousand tales is that of KGN which has been smashed post-COVID for a number of factors, the main one being management’s decision to extrapolate COVID demand out forever, prompting big increases in inventory. As demand tapered off as more normal trends re-emerged, the inventory was a real headache, and this led to discounting, higher costs…
