Page 9 - Total Tools News Today

There are a number of ASX shares that many brokers like the look of. If multiple brokers all think that a business is an opportunity, then it could be worth thinking about if that business is an investment idea There’s also potential for all of the brokers to all be wrong at the same time. Here are two ASX shares that are highly rated by brokers: Metcash is currently rated as a buy by at least three brokers. One of the brokers that likes Metcash is Credit Suisse, which has a price target of $...

Top ASX shares to buy in July 2021 Top ASX shares to buy in July 2021 Thinking of adding to your portfolio in celebration of the new financial year? These are some of the ASX shares experts reckon are worth a look at in July. July 1, 7:00am AEST | Image source: Getty Images With the new financial year now upon us, we asked our Foolish contributors to compile a list of some of the ASX shares experts are saying to buy in July. Here is what the team have come up with… Tristan Harrison: Adairs Lt...

Source: Inside Retail Metcash has announced it is upping its stake in Total Tools, from 70% to 85%, at a cost of $59.4 million. The decision comes as the tools business saw impressive growth since Metcash took its initial stake last September, with Total Tools’ earnings before tax and interest (EBIT) for the eight months to 30 April 2021 hitting $24 million. And, in order to speed up and facilitate the business’ growth plans — which include an expansion of its store network — Metcash ha...

Advertisement The COVID-19 building boom What Quadrant couldn’t have seen in March 2020, arguably the peak of the pandemic panic, was how COVID-19 would unleash a boom in building and renovations sparked by the combination of government incentives, stimulus payments and border restrictions, which saw spending on holidays channelled into home. The 24.7 per cent increased in hardware sales at Metcash, which includes sales at Mitre 10 and Home Timber & Hardware, speaks to the power of this bo...

The hardware story said he made no attempt to pay

Ask A Fund Manager: Sage Capital's Sean Fenton also reveals why everyday investors shouldn't expect perfection when picking shares.

Retailers set to raise prices as shipping, commodity costs soar Share Consumers have been warned to brace for higher prices on products ranging from imported food to clothing, footwear, furniture, hardware and toys as a surge in shipping costs adds to pressure on commodity prices. Retailers said shipping costs had tripled in 12 to 15 months while prices for commodities and materials ranging from palm oil and PVC to timber, steel and aluminium had soared due to strong global demand, container sh...

Metcash Spending Up On Growth Mar 17 2021 Metcash has outlined a wide ranging strategy to accelerate growth in hardware and retain recently-acquired market share in food, although the amount of expenditure is a little eye watering -Mitre 10 to account for 80% of division sales by FY24 -Regional growth providing impetus to food division sales -Retention of market share gains key to a re-rating   By Eva Brocklehurst Metcash ((MTS)) has shaken the market out of its lethargy, revealing substantial...

Metcash to spend $375m to underpin growth Share Wholesaler Metcash will spend $375 million over the next three years refurbishing stores, expanding e-commerce and improving its prices and range to retain the new customers it won from Coles and Woolworths during the pandemic. About $65 million of the new capex, which was unveiled on Tuesday as part of a reset of Metcash’s five-year MFuture growth strategy, will be spent expanding the wholesaler’s fledgling online food and liquor businesses, ...

Premium Content Subscriber only AN IPSWICH man with a history of stealing alcohol has appeared in court on a string of news charges, with his lawyer revealing he is battling drug addiction. Jai Russell Elliott, 29, from Goodna, pleaded guilty to 25 charges including seven counts of stealing; three counts of stealing with a previous conviction; three counts of being in possession of tainted property; four counts of being in possession of drug utensils; possessing property suspected of being us...