Premier Investments' Long-Term Outlook Unfazed by Near-Term Weakness; FVE Unchanged at AUD 14.50
The share price of no-moat-rated Premier Investments is down some 27% from recent highs of around AUD 20 in September 2018. The shares are now trading at our unchanged AUD 14.50 fair value estimate but don’t offer a margin of safety at these levels.Premier faces significant short-term headwinds. Brexit uncertainties have been weighing on retail spending in Smiggle’s largest market, while at home in Australia all of the company’s brands are exposed to increasingly pessimistic consumer sentiment...
Premier Investments is engaged in operation of several retail fashion chains within the specialty retail fashion markets in Australia, New Zealand, Singapore, the U.K., as well as Malaysia and Hong Kong. Co. also has investments in listed securities and money market deposits. Co.'s operating segments include the retail segment, which represents several specialty retail fashion chains; and the investments segment, which represents investments in securities for both long-term and short-term gains and dividend income and interest.
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.
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