Australia's largest stock trading and investment forum Australia's #1 stock forum

MOZ

Click for more information

0.00%

3.6¢ mosaic brands limited

How low will it limbo?, page-3

First 3 Last

Share
Profile

Follow
alonso

17,057 Posts.

143

14/07/20

18:09

Post #: 45861357
Share

Originally posted by hcosah: ↑

A great deal of water has passed under the bridge since the half year report in February. Subsequently, stores were closed for a 7 weeks from late March. Online sales got a boost and were up 80% during this period but they formed just 10% of sales prior to the shutdown so for that time we might expect that sales were running at only about 18% of normal trading. I think it is anyone's guess as to the impact on cash flow and inventory overhang but this situation is not unique to Mosaic. There has been no guidance from the company as to the impact on sales or profits which leaves the share price open to speculation.

All of this makes the upcoming reporting season a very important one. Sometimes we can get a form of guidance courtesy of director purchases but no on-market purchases have been made by any director of Mosaic for a number of years. Accordingly the share price is going to ebb and flow at the whim of market sentiment until hard numbers are provided. I would normally expect a trading update in July if results were significantly different to expectations, but the company withdrew earnings projections back in February, so we may have to wait until late August for any clarity this year.

Expand

Informative. Thanks

MOZ Price at posting: 54.5¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 20 more messages in this thread...

First 3 Last

Add MOZ (ASX) to my watchlist