Thanks Jlo!
That's a reasonable point... however I am still skeptical that their growth in sales is going to be that strong. Please don't confuse me for a mindless downramper, I certainly don't want to see anyone lose money on this stock and I really hope that AU8 does well.
This company just doesn't instill a lot of confidence in me. Most the products/companies they have acquired are small, unknown and untested brands that lack any real market presence of their own and everything else they are selling can be found in other stores (online or in shop) for the same or better prices.
Add to this the fact that retail shops are closing down left right and center and one of the key selling points of their original model (daigou shop with chinese speaking staff) looks more like a liability!
The other factor that no one talks about is with the China/Australia FTA progressing a lot of producers (like the one I work for) can now sell direct to China with ZERO tariffs. This means they are setting up supply chains that allow them to deliver them product from "field to plate" direct to the Chinese consumers.
We are moving further and further away from these grey channels and intermediaries so we can capture more of the profit ourselves, which doesn't bode well for companies like AU8.
- Forums
- ASX - By Stock
- AUK
- AU8 disgustingly and publically celebrating their massive insider P&D success
AU8 disgustingly and publically celebrating their massive insider P&D success, page-19
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUK (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $11.56M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $4.916K | 821K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 41352244 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 379963 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 41352244 | 0.005 |
13 | 12216249 | 0.004 |
6 | 9300000 | 0.003 |
14 | 9200238 | 0.002 |
9 | 64240049 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 379963 | 1 |
0.007 | 11774716 | 12 |
0.008 | 7308796 | 7 |
0.009 | 2875000 | 7 |
0.010 | 5492446 | 7 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
AUK (ASX) Chart |