If your thinking of adding a small-cap to your portfolio, think Lovisa, a vertically integrated fast-fashion Jewellery specialist with 326 stores globally and arguably the most profitable small-cap retailer on the ASX. Brett Blundy, is the co-founder (recently appointed Chairman) and 41% owner via BB Retail Capital. The last 6 months has been interesting for … Continue reading (ASX: LOV) – Jewellery always fits
Most Australian’s are familiar with Baby Bunting - Australia’s largest nursery retailer and one-stop-baby shop. The current network of stores is 47 & the planned store network is double at 80+. Noting the above, what’s does each new store mean for BBN’s future earnings?.. The 2016 prospectus highlighted the following: In the first year of … Continue reading Baby Bunting (ASX: BBN) – Pt.1
This will be final post on Ingram's for a while. And I'm only posting because I was reading the Administrators Report by McGrathNicol for the Red Lea Group (a vertically integrated poultry producer and customer of Ingham's). The report is dated 2nd July 2018. See reference for a link. Within the report its asks and answers … Continue reading (ASX: ING) Inghams.. pt.3
Since my first post on The Food Revolution Group (ASX: FOD) the share price is up a nice c.25% at $17.5 cents. The company recently announced it signed an "Memorandum Of Understanding" with China Petroleum & Chemical Corporation (Sinopec), the worlds largest oil refining, gas & petrochemical company. Sinopec is set to sell FOD's Australian … Continue reading (ASX: FOD) cont..
Back to Ingham’s. I always think what measure or ratio would be the right marker for a company’s value. I know, for each company this will differ for obvious reasons however a common measure that is applied to most companies is ROE & ROIC. Firstly, Ingham’s is a market leader with c40% market share and … Continue reading (ASX:ING) Inghams Pt.2
To begin, SEEK (ASX: SEK) is an almost mind-splitting company to think about, the group is truly global and has several large investments as well as early stage ventures. The SEEK group is extensive and complex! And due to my limited time & resources, any analysis I do wont add too much value. So… I did … Continue reading (ASX : SEK) – Hide & SEEK
Inghams Group (ING) – a 100-year-old ASX listed supplier and producer of poultry and livestock feed. Notably, the company holds the no.1 market position in Australia for chicken production with an estimated 40% market share and the no.2 market position in New Zealand with a 34% estimated market share. The groups core business - poultry … Continue reading Chicken Sh** (ASX:ING)
My previous post on the ASX listed The Reject Shop (ASX: TRS) asked the question - Value Stock or Value Trap? And today the company answered that question with their "PRE - AGM" trading update that NPAT was revised downwards between $10m - $11m. Additionally, comparable sales for first 15 weeks of FY19 are down 2.4%. A … Continue reading RE: The Reject Shop (ASX: TRS) – Value Stock or Value Trap?
The Reject Shop, founded in 1981 currently operates 351 stores with a turnover of $800.3m. The group has more than half of its stores located in Victoria and Sydney. Within these states, the brand is defiantly recognisable and has always been associated with cheap products and thrifty buyers. New South Wales 110 Victoria 83 Queensland 69 … Continue reading The Reject Shop (ASX: TRS) – Value Stock or Value Trap?
An exciting small cap company that is worth talking about is The Food Revolution Group (ASX:FOD), it operates a fruit and vegetable processing plant in Mill Park, Melbourne, Victoria. The company has a number of products, these include - Juice Lab, Kombucaha, Fruit Farm and Thirsty Bro's. You can find these at your local Woolworths, Coles … Continue reading Food Revoloution Group (FOD: ASX)