Yes, I think it is a very good result under the circumstances.
EBIT growth of 6.5% showed no deterioration from the 5.7% EBIT growth experienced in the previous half (i.e., JH2018). Given the general state of the consumer market, and the concerns about the housing market, it could have been a lot worse.
Combined with NCK's undemanding valuation, I reckon this result will put a floor under the share price, but given the cautious tone of the company's forward-looking statements, I suspect the market will wait to see what the full-year result looks like before share price will go up in meaningful way.
Still, another result which shows why NCK is a premium retailer whose management understand their business very well.
Kudos!
..
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Last
$13.90 |
Change
0.360(2.66%) |
Mkt cap ! $1.349B |
Open | High | Low | Value | Volume |
$13.60 | $13.99 | $13.60 | $3.040M | 218.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1175 | $13.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.91 | 289 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21 | 5.800 |
2 | 647 | 5.790 |
2 | 2955 | 5.780 |
2 | 1433 | 5.770 |
5 | 4238 | 5.760 |
Price($) | Vol. | No. |
---|---|---|
5.830 | 1283 | 2 |
5.840 | 2955 | 2 |
5.850 | 2533 | 2 |
5.860 | 533 | 1 |
5.870 | 1391 | 2 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
NCK (ASX) Chart |