One possible scenario with this company : they will have soon to refocus on the Australian market and get rid of most of their recent developments.
If they continue on today's trajectory (losing 12 m on 4 months, from Jan to April 22), they will soon be out of cash (27 m at the end of April). Not sure that any bank will be ready to lend them some cash.
It also makes sense to refocus on Australia as "Australia continues to perform well" and I suspect that it may have a decent profitability for them while they expect 3 m loss in the US.
Also good to see that they were able to increase prices to pass some cost pressure.
Ann: Step One Clothing FY22 Trading Update, page-57
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$1.33 |
Change
-0.020(1.49%) |
Mkt cap ! $245.5M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.34 | $1.28 | $188.7K | 144.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4636 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 17306 | 1 |
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