So CCX sold a number of brands back in 2017? Only to now have multiple brands and the same issues from that time period today.Solution, focus on City Chic Aus. Sell/shut down the rest.Then it is a profitable company again.Not many companies make money with 80% discounts on inventory. It just signals to your customers to wait and only buy on sales. Forcing in more sales. Just look to commentary from Solomon Lew re Myer having too much on sale, and sales for too long and too often.I have traded this stock, just once and for a profit (luck not smart investing) but it is on my watch list.The value of inventory on the books is huge, but what is the final dollar liquidation number.Cash flow from operations, and NPAT. Well we know there will be no NPAT this year....
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Change
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Mkt cap ! $48.14M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $4.325K | 34.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 100624 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.0¢ | 111111 | 1 |
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No. | Vol. | Price($) |
---|---|---|
3 | 100624 | 0.125 |
10 | 904113 | 0.120 |
14 | 600699 | 0.115 |
10 | 175690 | 0.110 |
9 | 268852 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 111111 | 1 |
0.135 | 169222 | 3 |
0.140 | 183611 | 2 |
0.145 | 485909 | 5 |
0.150 | 974696 | 8 |
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