The
City Chic Collective Ltd(ASX: CCX) share price has jumped more than 6% into the green this morning.
Today’s gain comes as the company updated the market on a recent acquisition and its FY21 trading update.
Let’s explore what City Chic announced in a bit more detail.
Quick recap on City Chic
City Chic, formerly Specialty Fashion Group, is a women’s fashion retailer. It’s main focus is on the plus-sized women’s clothing market.
The company has an online and in-store presence in more than 200 locations dotted across Australia, New Zealand, America and the United Kingdom.
ASX 200 flat, Lynas soars, City Chic jumps on Monday 26 July 2021 fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
The fund manager in charge of
Spheria Emerging Companies Ltd(ASX: SEC) has revealed some of the ASX shares that it thinks look like good ideas at the moment.
Spheria’s investment philosophy is to buy companies with cash generative business models, with a demonstrated track record of solid returns at a sensible valuation given their industry dynamics and positioning.
Whilst Spheria believes that the world can overcome COVID-19, the threat of inflation and emerging signs of reluctance by central banks to “pump prime” to the same extent as they have since the emergence of COVID-19 means the fund manager is focusing its efforts on finding business models with pricing power and trying to avoid those that are likely to see unexpected compression in profit margins, such as mining contractors.
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Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
City Chic (ASX:CCX) share price leaps to new all-time high city chic share price fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.