Premier posts premier result
On Thursday, Premier Investments (ASX: PMV) announced its full year results. Premier's underlying earnings before interest and tax (EBIT) was up 26.1% on the year prior to $133.3 million. The continued rollout of Smiggle stationery stores presents a large opportunity globally and we believe Premier Chairman Soloman Lew and Premier Retail CEO Mark McInnes are two of the best retailers in Australia. Shares in Premier closed up 0.7% for the week. We own in Premier as a market-driven investment in WAM Capital, WAM Leaders and WAM Active.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...