Premier Investments operates several retails chains such as Peter Alexander, Smiggle and Just Jeans.
“Retail stocks have suffered this year, but we may have seen the worst,” Michael said.
“I looked at Kogan shares in June as a contrarian opportunity, and they have rallied very strongly.
“We could now be seeing the start of a recovery in Premier Investments.
“Premier operates a number of retails chains such as Peter Alexander, Smiggle, and Just Jeans.
“Market concerns about slowing retail growth now appears to be factored into the share price and the valuation is looking very attractive here.
“The shares are now also back into a new uptrend.
“Since the June low, we can see that they have formed a few higher highs and higher lows.
“This is a great sign and indicates good buying of the dip.
“I expect the recovery in the share price to continue from here,” Michael said.
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