Analysis of Treasury Wine Estates and Premier Investments
Fund Manager Chris Pedersen discusses rates, the S&P500, Treasury Wine Estates and Premier Investments.
Read MoreTag: PMV
Lew to spin off best chains in Premier Investments
Solomon Lew wants to spin off the two best retail chains in Premier Investments (ASX:PMV) next year, leaving behind a group of weakly performing businesses.
Read MorePossible breakup of $3.5B Premier Investments empire amid CEO resignation
Strong indications emerged on Monday that Solomon Lew might consider dismantling his vast $3.5 billion fashion retail conglomerate, Premier Investments, following the unexpected resignation of CEO Richard Murray.
Read MorePremier Shares the Spoils with Monster Payout
Premier Investments has rewarded shareholders with a special interim dividend, taking its total 1H23 payout to 70 cents per share after posting record sales and earnings.
Read MorePremier Rises Above and Rewards Handily
Premier Investments shareholders will pocket a bumper dividend and a small buyback as well after the company reported record sales of $1.5 billion for the year to July.
Read MorePMV – Macquarie rates the stock as Outperform
The Outperform rating and target price of $35.00 are retained.
Read MoreRecord Div Payout for Premier Investments
Premier Investments has boosted interim dividend 35% to a record 46 cents a share after meeting upgraded guidance for revenue and earnings for the six months to January.
Read MorePremier Bucks the Trend with Strong Result
Solomon Lew’s Premier Investments has gone against the trend of weak updates from Australian retailers with a solid early report on its performance in the first half of 2021-22.
Read MorePMV – Credit Suisse rates the stock as Neutral
The Neutral rating is unchanged and the target falls to $28.71 from $28.74.
Read MoreASX Snippets: PMV, LTR, APT, CWN
Some snippets out of Thursday’s ASX trading session from Premier Investments, Liontown Resources, Afterpay and Crown Resorts.
Read MorePMV – Credit Suisse rates the stock as Neutral
The Neutral rating is retained and the target price increases to $28.74 from $26.28.
Read MoreGood Year, Record Dividend for Premier
Solomon Lew’s Premier Investments has announced a 97.3% jump in consolidated net profit after tax to $271.8 million for the 53 weeks ended July 31, and the market liked what it saw.
Read MorePMV – Credit Suisse rates the stock as Neutral
Neutral maintained. Target is reduced to $26.28 from $26.70.
Read MoreGood Tidings from Myer, Downer and GrainCorp
Traders on the ASX were served up a trio of upbeat reports on Thursday from retailer Myer Group, engineering and services contractor Downer EDI, and grain handler Grain Corp.
Read MoreLew Back Stirring the Pot at Myer
Solomon Lew’s Premier Investments has confirmed that after doing nothing for four years, it has acquired more shares in struggling department store chain Myer.
Read MorePremier Investments: All About The Margin
Following another impressive trading update from Premier Investments, brokers have been left to question the sustainability of ‘exceptional’ gross margin expansion.
Read MorePMV – Credit Suisse rates the stock as Neutral
Uncertainty with respect to the short-term performance supports the broker’s decision to retain a Neutral rating. Target is raised to $26.70 from $25.05.
Read MoreSales, Earnings Surge as Premier Dodges Slowdown
Premier Investments has lifted its revenue and earnings guidance for the 2020-21 financial year, seemingly having escaped the sluggish sales other retailers have been talking about.
Read MorePMV – Macquarie rates the stock as Outperform
Outperform rating and $31 target maintained.
Read MorePremier Does About-Face on JobKeeper Repayment
Premier Investment’s majority shareholder Solomon Lew has reversed his contentious decision not repay $15.6 million in government JobKeeper subsidies.
Read MorePremier Investments Reaps Margin Bonanza
Rental reductions and government subsidies underpinned strong first half earnings for specialty retailer Premier Investments. Yet, how will growth stack up in the second half, or FY22?
Read MorePMV – Macquarie rates the stock as Outperform
First half earnings were ahead of Macquarie’s estimates. The broker notes the 30.3% margins were supported by online and rent/wages relief. The broker retains an Outperform rating. Target is raised to $31 from $28.
Read MorePremier to Hang on to JobKeeper Despite Big Profit
Premier Investments will not hand back the nearly $20 million it received in JobKeeper payments during the first half of its 2020-21 financial year despite nearly doubling its profits.
Read MorePremier Investments Slumps on Surprise McInnes Retirement
Investors didn’t like the news that Premier Investments Retail Chief Executive Mark McInnes will be leaving his roles after serving a 12-month notice period, knocking 2.3% off the company’s shares.
Read MorePMV – Citi rates the stock as Neutral
Premier Investments’ first half guidance of 75-85% retail earnings (EBIT) growth was well ahead of Citi’s expectations and was driven by gross margin expansion and operating leverage. Citi maintains a Neutral rating and lifts the target price to $25 from $20.60.
Read MorePremier Shares Hit All-Time High on Positive Guidance
Shares in Premier Investments hit all time highs on Wednesday after it told the ASX that said it was looking at a near doubling of first half earnings. The shares ended the day up 12.8% at $25.38.
Read MorePMV – Macquarie rates the stock as Outperform
Retail earnings were ahead of Macquarie’s estimates in FY20. The broker likes the exposure to a diversified retailer with a balance sheet that is net cash and characterised by property-related debt and a $1bn investment in Breville Group ((BRG)).
Read MoreOnline Sales Crucial For Premier Investments
The Premier Investments suite of retail businesses are resilient, with online anincreasingly crucial driver of sales going forward.
Read MorePremier Reopening Receives Mixed Reception As Sales Drop 74%
Premier Investments is moving to reopen almost all its 900 stores from Friday onwards after a six-week shutdown, but all that news got yesterday was a bit of a ‘ho-hum’.
Read MoreNearmap Navigates Virus, Premier Delays Reopening, Kogan Booms
Restaurant Brands has warned investors of a “significant decline”, online retailer Kogan has reported a huge jump in sales, Premier Investments yesterday confirmed that it has delayed re-opening some of its Australian chains while Nearmap has confirmed full-year guidance and reckons it is largely unaffected by the COVID-19 lockdown.
Read MorePMV – UBS rates the stock as Buy
First-half results were characterised by good cost control and brand management, UBS observes. However, the broker reduces near-term forecasts by -15-20% to reflect the impact of coronavirus.
Read MorePMV – UBS rates the stock as Buy
Premier Investments has refreshed its global roll-out strategy for Smiggle over recent years, with fewer stand-alone retail stores and more online and wholesale stores.
Read MoreGrowth In The Bag For Premier Investments
All domestic apparel brands improved market positions and achieved strong sales growth in FY19 for Premier Investments yet bellwether Smiggle turned in a soft performance.
Read MorePMV – Credit Suisse rates the stock as Outperform
Profit improved in FY19 on minimal incremental investment, Credit Suisse observes. Invested capital was flat and earnings (EBIT) increased 11%.
Read MoreWholesale, Online Growth Slated For Smiggle
Premier Investments is accelerating its emphasis on the Smiggle brand as it expands an online and wholesale business globally, although sales growth for established Smiggle markets eased back in the first half.
Read MoreSolomon Lew Shakes The Myer Tree Again
Eight months after getting publicity for requesting the share register of Myer Holdings, the struggling department store chain, Solomon Lew and his Premier Investments are at it again.
Read MoreSmiggle, Online Buoys Premier Investments
Despite a tough domestic retail environment, Premier Investments ((PMV)) continues to maximise trading outcomes for its portfolio of brands
Read MorePeter Alexander, Smiggle Spurs Premier Profits
As sales of some of its main Australian brands slowed in the closing months of 2016-17, Premier Investments was saved by another solid performance from what are emerging as its two growth engines – the Smiggle and Peter Alexander chains.
Read MorePremier Shakes Off Retail Gloom
Like Kathmandu, Premier Investments (PMV) had already guided the market to expect a better first half results and the shares responded in early February with a 12% surge to $14.
Read MorePremier Soothes Retail Nerves
Up to the close of business on Tuesday, shares in Premier Investments (PMV), the holding company for most of Solomon Lew’s retail interests had lost around 13% for the year so far as investors fretted that it might be infected by the malaise that seems to be hammering small and medium retailers, some of whom have gone bust in recent weeks, especially in the men’s and women’s fashion wear sector.
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