Quiet Contrarian. Ep 17: Trades for June 2021

Just one buy this month…

Buys

Shaver Shop Group – SSG.ASX – Omnichannel retail, growing well into Grooming products primarily focused on Men, but trying to become more attractive to women (this will probably take a while, their stores are not attractive to the ladies from my read). Extremely well managed, though a relatively low margin business (5-8%). They definitely benefitted from the luxury goods bought during the COVID “switch to goods“, which accelerated their rising RoE trend (from ~12% in FY19 to ~23%). PT and purchase was set before the latest report – Current thinking, expect some sales/EPS reversion in FY22.