An attempt to support the stock – the Rutter family, the controlling owner of the Castro-Hodis fashion company
Castro
-1.2%
Base:4,656
opening:4,530
High:4,664
low:4,530
change:322,070
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
, purchased another 0.9% of the company’s shares for NIS 3.3 million. The family owns 30.9% of the shares.
According to Gabi Rutter, the chairman of the group: “We believe in the strength of the Castro-Hodis group, which will continue to be the leading Israeli fashion group in the years to come. We believe in the strength of the fashion market and the Israeli fashion consumers.”
In practice, in the last month the stock has lost 39% of its value, and in the last year the stock has lost 57%, which sets the stock back a year and a half (in the last month it has the worst performance in the sector, others have lost up to 20%, in the last year it is one of the worst performing stocks ). But more than that – the stock has not actually produced a return for investors since 2012, i.e. a whole decade. The stock rose throughout the period but since 2018 it has plunged. Towards the end of 2020 it jumped by 380% but since then it has been crashing again as mentioned. The question that investors are asking themselves is whether the jump in the stock last year was real or whether it was the ‘hype’ of the markets that brought the stock up. Since then – she crashes.
What caused the increases? The company benefited from the opening of the economy and revenues and profit soared. She even wanted to issue Urbanica this year, but in the end had to withdraw from the issue. At the same time, it announced a dividend distribution, for the first time in 4 years, but it did not help the stock.
In the third quarter of this year, Castro recorded a weak report with revenues of 430 million shekels and a net profit of only 5 million shekels. The gross profit rate remained similar, but the operating profit dropped by 58% to NIS 18 million; The EBITDA amounted to NIS 23.6 million (for more on the reports – click here)
Here is the stock chart:
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment