Harvey Norman's Strong Growth Continues but Forecast to Moderate
We maintain our AUD 3.30 per share fair value estimate for Harvey Norman. We do not view the company as having an economic moat, mainly because the...
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Australian Retail Sector Review
Following the recent release of retail trade data for the 2016 calendar year, Evidente has undertaken a review of Australia’s retail sector. ...
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JB Hi-Fi's Margin Growth Kept in Check by Secular Changes and Competitive Forces
No-moat-rated JB Hi-Fi remains overvalued, trading at a 34% premium to our unchanged AUD 21.50 per share fair value estimate. JB Hi-Fi has an...
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JBH & The Good Guys: How About a Toaster & Kettle as a Wedding Present?
We all knew these two would end up together eventually. How did it take them this long to tie the knot?JB Hi-Fi is in a trading halt as a result of...
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JBH & The Good Guys: Animal Spirits - More Crouching Tiger, Less Fluffy Bunny
Edgware called for some animal spirits from JB Hi-Fi in its pursuit of The Good Guys. It is a once in a generation opportunity to reshape the...
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