Fairly new to this stock and only have a small position so it would be good to hear from others who know it well.
But tend to agree . They appear to be in a much better financial position and not being forced to sell is positive. If this "sales strategy pivot" is sustainable it bodes well. The other argument is that it is the usual exec marketing BS trying to put a positive spin on a poor auction. This strategy can also backfire if prices continue to soften as this inventory could be worth less...
Ann: Kobe Auction Result and March Quarter Sales Update, page-12
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Last
12.0¢ |
Change
0.003(2.13%) |
Mkt cap ! $52.64M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $29.91K | 249.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 441061 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 206024 | 6 |
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| Last trade - 13.07pm 03/10/2024 (20 minute delay) ? |
| ATP (ASX) Chart |