Consumer discretionary

JB Hi-Fi has made no secret of its desire to snap up The Good Guys. The fact that its share price is trading at a premium to consensus suggests it will not only bid successfully for The Good Guys, but get it for a good price too. But big questions hang over both the success of the bid, and what price they will pay. continue…

by Ben MacNevin Posted in Companies, Consumer discretionary.

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From the corner bakery and coffee shop to big box retailers, there are almost 140,000 retail businesses in Australia. Collectively, they account for more than 4 per cent of GDP and just over 10 per cent of employment.

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by Roger Montgomery Posted in Consumer discretionary.

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Sam Courtenay from “In the Black” recently interviewed the Managing Director of Facebook and Instagram in Australia and New Zealand, Stephen Sheeler.  Sheeler said he wanted to persuade businesses of all sizes that they can be as close to their followers as the local café that knows all its customers by sight. Traditional media has failed to pinpoint its customers.  continue…

by David Buckland Posted in Consumer discretionary, Technology & Telecommunications.

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On 25 July, Woolworths provided a trading update that guided the market slightly lower on FY16 earnings. Given the negative sentiment surrounding the company, this was viewed as a positive outcome, and Woolworths’ share price appreciated 8.2 per cent on the day. Since then, Woolworths’ share price has drifted back 4 per cent, but remains well above its recent low of A$20.50 on 6 July. continue…

by Stuart Jackson Posted in Companies, Consumer discretionary.

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The Good Guys is reportedly on the market (again), but we wonder how much value is on offer for public investors? continue…

by Ben MacNevin Posted in Consumer discretionary.

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Following a recent trading update, Flight Centre (ASX:FLT) shares are trading at around their lowest levels for some years.   In its announcement to the market FLT attributed the weak trading to a wide assortment of issues including: the Federal election; Brexit; airfare price wars; investment in key improvement strategies and the Zika virus. continue…

by Tim Kelley Posted in Companies, Consumer discretionary.

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As a consumer I love it when Woolies offers lower prices. If I was still an investor in the shares of the company, I’d be much less sanguine. continue…

by Roger Montgomery Posted in Consumer discretionary, Insightful Insights.

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It was almost a year ago that we picked the Hong Kong-listed global luxury retailer Prada as the world’s leading short candidate. So after a significant decline in share price is there still an opportunity to short Prada?

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by Roger Montgomery Posted in Companies, Consumer discretionary.

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We have watched from the sidelines, with interest, the commentary surrounding the collapse of Dick Smith (ASX:DSH). continue…

by Roger Montgomery Posted in Consumer discretionary, Insightful Insights.

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In the third part of my series on the initial assessment of the investment case for Treasury Wine Estates given its leverage to a falling Australian dollar, we look at the influence of industry structure on returns and the potential upside from the falling AUD. continue…

by Stuart Jackson Posted in Consumer discretionary, Insightful Insights.

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