Yep, agree no one can tell. I think there is enough evidence out there though to back up their claim that there have been heavy promotional sales by some players in the industry.
It's a small position for me. If no duties arbitrage and just one bad quarter, huge upside. If duties arbitrage and margins remain low, valuation still looks reasonable on 1x sales.
Battle lines have been drawn.
Ann: Cettire Confirms China Launch, Provides FY24 Update, page-87
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Last
$1.87 |
Change
-0.050(2.60%) |
Mkt cap ! $695.7M | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.92 | $1.79 | $6.646M | 3.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2383 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 18383 | 7 |
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