Got this notice on my trading platform;
DJ Chocolate Maker Yowie Sales Ramp Up Delayed -- Market Talk
2113 GMT - Canaccord Genuity's appetite for candy group Yowie (YOW.AU) has diminished, at least in terms of its price target. The broker reduces its target on the stock by 17% to A$1.50/share because its expectations for a ramp up in chocolate sales proved to be overly optimistic. Canaccord now expects the timing to be 10-12 months later than previously thought. "The reasons for this change include management's decision to wait for a more complete distribution channel to be built out, and a change-over to a higher capacity/higher margin manufacturer, before implementing an aggressive marketing campaign to drive an accelerated consumer response," Canaccord says. "We see this strategy as wise, but we had factored in a far more aggressive FY16 marketing spend of A$7.8 million versus our revised estimate of A$2.6 million." It retains a speculative buy call on the stock. YOW last traded at A$0.70. ([email protected]: @dwinningWSJ)
Still more than double from were the share price is now. And I think it is wise to steer clear of Whetstone in the long run.
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.734M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 41666 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.6¢ | 18498 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 41666 | 0.024 |
3 | 97656 | 0.023 |
1 | 57240 | 0.022 |
2 | 116114 | 0.021 |
1 | 50049 | 0.020 |
Price($) | Vol. | No. |
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0.026 | 18498 | 1 |
0.027 | 6644 | 1 |
0.028 | 43879 | 1 |
0.030 | 90994 | 4 |
0.032 | 187876 | 1 |
Last trade - 10.09am 30/09/2024 (20 minute delay) ? |
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