I agree with you on AT100’s dribble and I have been positive on BUBs reset and have always stated that another CR is more likely than not which wasn’t a concern for me.
What has concerned me with BUBs is the introduction of the new products into the US market. Particularly how consumers have responded, sentiment among the reviews of these products is poor. I also note that about 5 weeks ago they introduced the “mini” cans from the Australia stage 1 and 2 into the market on Amazon after the introduction of the new US labelled tins which I thought was bizarre at the time. Now reading between the lines, management knew that the introduction of new label product was not going well, so potentially air freighted these smaller tins (potentially explains some of the one off costs) in the hope they could prop up revenue before quarter one results. I think this is probably what explains the good October revenue figures which they have chosen to focus on in the quarterly report. Additionally, there was competitor (Kendamil) stock shortages which pushed consumers to BUBs during October.
Management has spent a lot on breaking into the US market, which I have been supportive of but potentially dropping the ball.
Also concerning is the China performance. Up on PCP, however down by over 35% from last quarter.
I sold my position today, but hope for the best outcome for the company and all its investors.
All opinion (and clearly some speculation), not advice and DYOR.
BUB Price at posting:
12.5¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)