Thanks guys ,Have been fishing myself and it still looks...

Thanks guys ,Have been fishing myself and it still looks oversold Sadfords have a valuation $3.24

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Miller's Retail [MRL] 12 month range: A$3.70 - 2.45
Valuation: A$3.24
Price Target: A$3.40 (+10%)
Market Cap: A$696.1m/US$359.4m
Buy Shares on Issue: 226.0m



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MILLER'S RETAIL has advised the market it expects its annual operating profit to beat last year's by 15 per cent.
Its share price, which had dropped 50c or 18 per cent since last Wednesday, has surged.
"It's definitely been oversold, and today's bounce is hardly unexpected, especially given today's news from the company," said a broker.
First trades today were at $2.35 and the stock hit $2.62, around midday, before easing back.
"You'd expect the company to be more responsive to its share price.
"We look at the prices of shares but companies look at their sales and other internal reports.
"There have been a couple of sellers of Miller's adding pressure, including the CBA, which has seriously reduced its stock, as has AMP.
"The market may have associated the share price fall with the big overhang created by those two sellers and the stock may have gained
some negative momentum of its own from that.
"Additionally, some of the share price weakness may be retail
traders selling, as there are some who follow share price momentum,
regardless of the underlying fundamentals at the time," the broker said.
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