Accent Group Ltd
AX1: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|qbLS&r% | LOCK|xg& | LOCK|ZF!@#rx |
Accent: Sports Direct Agreement Modestly Value-Accretive
Accent has signed an exclusive agreement with the United Kingdom-based Frasers Group to launch Sports Direct in Australia and New Zealand. Accent will issue AUD 60 million in new shares at AUD 1.72 to Frasers, increasing shares outstanding by 6%, to fund the initial expansion.
