Morgans Blog | Morgans

Adairs: Sofa, so good - ADH acquires Focus on Furniture

30 November 2021, 8:30 AM

We think investors are already beginning to warm to the idea of ADH’s $80m acquisition of Focus on Furniture.

Universal Store Holdings: Dressed to impress - AGM update

26 November 2021, 8:00 AM

Universal Store (ASX:UNI) continues to impress us. LFLs in the first 20 weeks of FY22 were +3.1%, more than 2 ppts above our estimate of 1.0%.

Domino's Pizza: A tremor in Japan

By Alexander Mees

05 November 2021, 7:30 AM

We have lowered our NPAT forecast for FY22 by 11% to $201.6m following Domino's Pizza's (ASX:DMP) AGM trading update.

Aristocrat Leisure: Model update - Including Playtech in estimates

By Alexander Mees

23 October 2021, 11:00 AM

On 18 October, Aristocrat Leisure (ASX:ALL) announced the proposed acquisition of UK-listed real money gaming business Playtech (PTEC-GB).

Aristocrat Leisure: Back the right horse - Proposed acquisition of Playtech

By Alexander Mees

19 October 2021, 9:30 AM

Aristocrat Leisure's (ASX:ALL) proposed acquisition of UK-listed Playtech (PTEC-GB) for an enterprise value of A$5.0bn will give ALL immediate scale and capacity in the fast-growing online real money gaming (RMG) space.

Collins Foods: Count your chickens - Investor Day 2021

By Alexander Mees

15 October 2021, 8:30 AM

In its first investor day since 2017, Collins Food (ASX:CKF) steered clear of anything that might have been construed as a trading update, but instead spent its time enthusiastically communicating a strategy for rapid network expansion in both Australia and the Netherlands.

Baby Bunting Group: Born Ready

By Alexander Mees

06 October 2021, 8:30 AM

At its AGM, Baby Bunting Group (ASX:BBN) indicated that comp store sales growth (LFLs) strengthened to negative -1.3% for the 14 weeks to 3 October (+4.7% excluding NSW and ACT).

Retail: Australian Retail Sales: August 2021

By Alexander Mees

06 October 2021, 8:00 AM

COVID lockdowns continue to dominate the landscape when it comes to retail spending in Australia. With NSW, Victoria, and the ACT all in lockdown during August, seasonally adjusted (s/a) Australian retail sales were down -0.7% yoy and -1.7% mom to A$29.3bn. With vaccination rates climbing and lockdowns coming to an end, the outlook is improving.