Professional
Added to YB: 2024-12-02
Pitch date: 2024-10-31
NCK.AX [bullish]
Nick Scali Limited
+2.12%
current return
Author Info
No bio for this author
Company Info
Nick Scali Limited, together with its subsidiaries, engages in the sourcing and retailing of household furniture and related accessories in Australia, New Zealand, and the United Kingdom.
Market Cap
N/A
Pitch Price
AUD 13.41
Price Target
N/A
Dividend
4.49%
EV/EBITDA
N/A
P/E
17.47
EV/Sales
N/A
Sector
Specialty Retail
Category
growth
Auscap Asset Management Portfolio Holding: Nick Scali Limited
NCK.AX: Acquired UK's Fabb Furniture (21 stores) for £2, raising $50m for debt/expansion. Aims to replicate Plush success, boost margins/sales. UK market 2.5x larger than AU, DFS 3x NCK revenue/store. Potential for 50-100 stores. Macroeconomic conditions improving. Rebranding/refurb underway. Repositioning as mid-market aspirational.
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