Super Retail Group Ltd

SUL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$73.60	Jsld	Shptgmnb

Super Retail’s Margins Under Pressure From Competition and Wage Inflation (Correction)

Johannes Faul

May 9, 2019

Our prior report included an incorrect fiscal 2019 dividend forecast. Our corrected forecast is AUD 50 cents, representing a 6.7% yield at our fair value estimate.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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