Short Term Trading Week Starting: 15 Feb, page-23

Rick, you do realise that by asking the garage anything what you are really doing is seeking advice from an echidna, blue tongue lizard, noble hound, 2 sulphur crested TA newbies and a human whose main job is to turn the computers on as no one else can do it ?????

Below is a repost of a response I made to you about a month ago, at the time you where asking about should you sell RBL.

I deleted it as on reflection you were asking for a TA response and the below FA and thought bit of a wank hence deleted at the time. This was about six weeks ago from memory just a quick cut and paste;

Not quite sure what you mean by maintaining 'average', not a TA guy.

RBL is a good stock as long as the method of valuation does not change.
One of my 'water' stocks, big tip from MF over last 6 mths or so.
The boys in the garage have a small holding (1500 shares) and have no intention of selling atm as no FA signal to do so.

The metrics and management are outstanding and valuation compared to peers OK on ASX (KGN & TPW) and very favourable compared to it's US big brother ETSY. (Although the yanks do tend to exist in a more emotionally 'vibrant' headspace when it comes to future value one must admit)

If anything RBL's IP is somewhat more unique and powerful being tied to the 'artist' market, the BH has an account and running joke in the household she & daughter must wear their dense tee shirts when they 'bond' over a shared website session in case we have an unannounced visitor turn up to avoid embarrassment.

I tend to watch ETSY for change in valuation parameters every now and again, key metric being rate of revenue growth, revenue growth must be maintained otherwise people will stop valuing on rev multiples and start talking about PE's as maturity of model gains definition, if that happens watch out. In saying that I have no indication this time is near, quite the opposite actually.

So in summary it's a hold for the garage with a VERY liberal trailing stop atm but have no intention to buy more, these stocks remind me of a physical representation of the BNPL boys, they are valued in the same way albeit with a tad less energy.

Rick, just my 2c worth, in no way a recommendation just an FA perspective over a longer timeline

FYI, we are still holding and of the same view, do not hold TPW or KGN but do hold PBH.