Yes, I fell into a bear trap here, good & proper. No excuses. I was seduced by the thematic of providing glamour to the oversized female AND a downwards spiralling share price with an industry legend buying in. I thought the inventory bungle was just a cash flow timing issue, but I was unaware of the bad merchandising selection which subsequently resulted in massive fire sales that seriously damaged profits, cash flow and reputation.
Plus, I have really been re-educated on Buffetts stance on the importance of quality management. It ain’t here in CCX and I am curious to see what Blundy does.
Overall, lessons have been learned and thankfully, my buy price was around 55c for a small spec holding.
Perhaps add to the above, the inordinate amount of time one spends on the problem shares in one’s portfolio.
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $46.21M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $5.645K | 46.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 1279258 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 802342 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 1279258 | 0.120 |
9 | 156574 | 0.115 |
10 | 253572 | 0.110 |
17 | 582917 | 0.105 |
32 | 1442089 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 802342 | 9 |
0.130 | 464849 | 10 |
0.135 | 251682 | 6 |
0.140 | 135648 | 6 |
0.145 | 74489 | 4 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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CCX (ASX) Chart |