Briscoe Group’s Sales Tracking With Our Forecast; FVE Unchanged at NZD 3.65
We maintain our NZD 3.65 fair value estimate following no-moat-rated Briscoe Group’s sales results for the quarter ended July 29, 2018, with shares currently screening as fairly priced. The group’s sales growth picked up in the second quarter, with sales growth of 5.0%, the strongest seen in five quarters. In the first half of fiscal 2019, group sales increased by 4.3%, tracking with our unchanged full-year estimate of 4.9%. Gross margins improved on first-half fiscal 2018, despite intense compe...Briscoe Group is a non-trading holding company. Co. is engaged in the provision of management services to its subsidiaries. Through its principal trading subsidiaries, Co. is engaged in selling homeware products and retailing sporting goods. Co. operates two operating segments: Homeware and Sporting Goods. As of Jan 31 2010, Co. had 58 Homeware stores and 32 Sporting Goods stores located throughout New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.