Good Morning. Interesting thread here. Certainly confident with patience and market awareness, the company can reach a share price of $1.00.
It is a scaleable business, in a growing sector, that is careful, nimble, and without a doubt customer centric.
The CEO has hinted at expansion in products, verticals, sales channels, private labelling, international expansion.
A correction to your comments. The business does not have a lot of debt. Please revise this.
What the business does have is quarter on quarter record revenues, profits, and all roads leading to expansion. It also has a very capable and tight knit Team, orchestrated by the CEO who is showing every sign of executing this growth story very well.
Lockdowns cause temporary spikes in revenues. But the paradigm has shifted. Online E-Commerce is disruption traditional brick and mortar. Just take a moment to study Amazon's growth, or even Kogan for that matter. In fact, taking a look at broader E-Commerce sales globally, and you will see phenomenal growth. Australia follows the exact same trend.
This company is only at it's beginning. It's early days. We call this the Growth Story.
So buckle in, DYOR, and if you have conviction and belief in the company, I expect to see some very solid share price gains.
$tockfella.
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