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Businesses that sell products and services that are non-essential like automobiles, durable goods, entertainment and leisure, etc. form a part of the consumer discretionary sector. These goods would not have a significant impact on day-to-day lives of people.
The demand for these goods is elastic in nature, i.e. price sensitive. The purchase of goods falling under the category of the consumer discretionary also shows the state of the economy.
At present, the S&P/ASX 200 Consumer Discretionary (Sector) is up by 0.73% to 2,492.1 against S&P/ASX 200 which at present (AEST: 12:14 pm, 12 August 2019) is standing at 6,584.4.
In this article, we would be looking at four stocks from the Consumer Discretionary and try to know more about them and their businesses and cover their recent updates.
SkyCity Entertainment Group Limited
On 9 August 2019, SkyCity Entertainment Group Limited (ASX: SKC), a company into the gaming entertainment business announced that the sale of a long-term concession over its Auckland car parks is unconditional after the fulfilment of all criteria in the concession agreement that was signed between the company and Macquarie Principal Finance Group (âMPFâ) on 3 April 2019.
The company expects the transaction to complete on 19 August 2019.
The terms and condition associated with the sale can be read by clicking on the link.
Once the transaction gets completed, the company would be providing MPF with specific transitional services, i.e. ICT-related services
The sale is consistent with the companyâs strategy to sell certain non-core assets and at the same time assign the capital to assets as well as businesses which are aligned to its long-term strategic objectives.
Stock Performance:
In the previous six months, the shares of SkyCity Entertainment Group Limited have provided a negative return of 1.33%. The opening price of the shares of SkyCity Entertainment Group Limited on 12 August 2019 was A$3.750 at a gap up of A$0.04 as compared to its previous closing price. At present, the shares of SKC are trading at A$3.735 (AEST: 12:18 pm, 12 August 2019), which is up by 0.0.025 as compared to its previous closing price. SKC has a market cap of A$2.49 billion with ~ 672.35 million outstanding shares, an annual dividend yield of 5.05% and PE ratio of 16.68x.
Domino's Pizza Enterprises Limited
Domino's Pizza Enterprises Limited (ASX: DMP) is an Australia-owned master franchise holder for Dominoâs in various locations across the globe such as Australia, Belgium, Denmark, New Zealand, France , Germany, Japan, Luxembourg, and the Netherlands. On 8 August 2019, the company released an announcement related to the notice of initial substantial holder. Mitsubishi UFJ Financial Group, Inc became the substantial holder on 2 August 2019 holding 168 American Depositary Receipts (ADR) and 6,448,221 fully paid ordinary shares with 7.53% voting power.
There were a couple of companies which had ceased to become the substantial holder. These were UBS Group AG and its related bodies corporate which ceased to become substantial holder on 16 July 2019 and Mitsubishi UFJ Financial Group, Inc. on 17 July 2019.
Stock Performance:
In the previous six months, the shares of Domino's Pizza Enterprises Limited have provided a negative return of 17.15%. The opening price of the shares of Domino's Pizza Enterprises Limited on 12 August 2019 was A$39, slightly above its previous closing price. At present, the shares of DMP are trading at A$39.190 (AEST: 12:18 pm, 12 August 2019), up by 2.481% as compared to its previous closing price. DMP has a market cap of A$3.31 billion with ~ 85.63 million outstanding shares, an annual dividend yield of 2.9% and PE ratio of 28.60x.
JB Hi-Fi Limited
JB Hi-Fi Limited (ASX:JBH), a specialty retailer of home consumer products such as electronics, software, whitegoods and appliances on 9 August 2019, released an announcement related to the notice of initial substantial holder.
Holder Mitsubishi UFJ Financial Group, Inc became the substantial holder of the companies shares as well as options on 5 August 2019. Mitsubishi UFJ Financial Group is holding 20,385 options of the company with a voting power of 0.02%. It also holds 5,731,254 fully paid ordinary shares of the company with 4.99% voting power.
Stock Performance:
In the previous six months, the shares of JB Hi-Fi Limited have provided a return of 21.99%. The opening price of the shares of JBH on 12 August 20112 was A$31.000, at a gap up of A$3.04 from its previous closing price. At present, the shares of JBH are trading at A$30.180 (AEST: 12:33 pm, 12 August 2019), up by 7.94% as compared to its previous closing price. JBH has a market capitalisation of A$3.21 billion with approximately 114.88 million outstanding shares, PE ratio of 13.30x and an annual dividend yield of 4.9%.
Super Retail Group Limited
Super Retail Group Limited (ASX:SUL), a company into the business of specialty retail stores in the automotive, tools, leisure and sports categories recently made two announced related to the substantial holdings.
On 9 August 2019, the company released an announcement, where the holder, Mitsubishi UFJ Financial Group, Inc. became the substantial holder of 13,614,792 fully paid ordinary shares of the company with 6.90% voting power.
On 5 August 2019, the company had released an announcement where it highlighted that Commonwealth Bank of Australia had ceased to become the substantial holder of the company.
Recently on 19 July 2019, the company announced the appointment of Paul Bradshaw, with a significant experience in frontline retailing, as the Managing Director of its outdoor business BCF. He would be holding his position from 25 November 2019 and would be a part of the companyâs Executive Leadership Team.
Mr Bradshaw would be joining the company from the supermarket chain Coles Group, where he has contributed nine years in various leadership roles like Chief Store Operations Officer and Group General Manager, Store Development.
Stock Performance:
In the previous six months, the shares of Super Retail Group Limited have given a return of 8.91%. The opening price of the shares of Super Retail Group Limited on 12 August 2019 was A$8.650, which was at a gap up of A$0.09 as compared to its previous closing price. At present, the shares of SUL are trading at A$8.580 (AEST: 12:33, 12 August 2019), up by 0.234% as compared to its previous closing price. SUL has a market cap of A$1.69 billion with ~ 197.38 million outstanding shares, an annual dividend yield of 5.72% and PE ratio of 13.23x.
Disclaimer
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