Been a long term holder and still believe in the fundamentals here. A black swan event has smashed the business, and it would appear that in the next 3-12 months, the stress on their diagou channels will start defrosting.
In the interim, and with the new CEO on board, I think it is pivotal that the company begins to allocate the huge cash pile they're sitting on to further stimulate growth. Whether it is an acquisition or further investment in e-commerce channels in China, something needs to be done pro-actively to get this business going again. Conservatism and hope will only get you so far.
My decision on sticking around will purely be based on whether in the next 3-6 months that start to aggressively deploy the capital they have on hand.
Been a long term holder and still believe in the fundamentals...
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Last
$6.41 |
Change
0.180(2.89%) |
Mkt cap ! $4.640B | |||
| Open | High | Low | Value | Volume |
| $6.20 | $6.49 | $6.19 | $21.51M | 3.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9475 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 23874 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |