Market was expecting 89 cps for the full year, and now guidance is for about 61 cps. So down about 31%. I think there might be some rerating of the PE ratio too. API is on about 13x - as an example. 13 x 0.61 = $7.93. That is probably way way too negative - but you can see how it could have a long way to fall from here.
Also management is "doubling down" by opening more stores - i.e. that could be a double edged sword.
I had to short it, as I think the market is still in denial about what the SP should be.
GLTA - hope for many holders that I am wrong.
News: Reject Shop flags further expansion , page-18
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Last
$3.17 |
Change
-0.080(2.46%) |
Mkt cap ! $118.2M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.27 | $3.16 | $62.05K | 19.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1457 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 5200 | 2 |
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| TRS (ASX) Chart |