Nick Scali reports strong sales in May and June
As you may know, the furniture retailer, Nick Scali, is one of our holdings in the Montgomery Small Companies Fund and CEO Anthony Scali has just updated fund managers through a broker-arranged conference call.
Strong recent sales updates from furniture and homewares companies like Adairs (which we own), Beacon Lighting and Temple & Webster (which we don’t own) has also been reflected by Nick Scali’s experience.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Max Punin
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Hi Roger, thanks for this very informative post. I am wondering if you could please tell me where you found data on the company’s product mix? I have read through the documents published on the company’s Investor Relations site, but did not come across information regarding NCK’s product mix. Thanks again, Max
Roger Montgomery
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competitors and industry consultants Max