If you back out the marketing costs revenue will tank. I made this point months ago: The company can't grow the bottom line without cutting marketing and can't maintain the top line without the marketing. In the last half they literally spent $2 on marketing for every $1 increase in gross profit v the pcp.
Anyway, I made the same point months ago. Since then the shares have fallen a further 65%.
Bring on a Buyback, page-11
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Last
$1.54 |
Change
0.135(9.61%) |
Mkt cap ! $587.1M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.67 | $1.29 | $21.05M | 14.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 45338 | 10 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CTT (ASX) Chart |