Good Evening All.
Pleasing to see continued strength and growth of Ebay sales as per Ebay review numbers continuing to grow. Over 2,000 reviews in the last 30 days.
Ebay owns a larger share of the Australian Ecommerce market than Amazon. Significantly larger.
If HT8 revenues from Ebay can surpass it's Amazon revenues, then I estimate that HT8 revenues will grow significantly this financial year. Until recently, HT8's primary focus was on Amazon. I will point out that I do expect Amazon revenues to also grow.
More products, verticals, and continued online shopping is pointing towards a very big and exciting year of growth for HT8 in my opinion.
My forecasts, I emphasise MY FORECASTS and PROJECTIONS, lead me to a range for this Quarters revenues between $15m to $17m. Potentially more, depending on lockdowns. Annualising a Q1FY22 of approx $16m, with continued 15% QoQ growth brings me to around:
$16m + $18.4m + $21.2m + $24.3m = $83m of revenue in the FY21-22.
I think these numbers are achievable. I will leave our profit for now as this will be dependant on product verticals. For example, margins for white labels are much higher, so too on certain verticals more than others.
So many promising things to this company:
- Growing Revenues
- Profit making
- Low Shares on Issue
- CEO with plenty of skin in the game
- Top 20 shareholders own large portion of shares
- In a growing sector
- Nimble, cost disciplined
- Employee buy-in with performance milestones
- Clean register
- Undervalued market cap presenting excellent value for savvy investors.
Will be interesting to see what the company achieves this quarter. I think anything over $15m-$16m and the market actually begins to realise that growing revenues are not achieved by good luck, but rather through strategy, and execution. The market always does catch up, and savvy/smart investors back their research and calculations, and block out the noise of daily share price movements.
Bargain share prices at these highly undervalued prices won't last forever. Some smart accumulation and position taking is happening right now in my opinion, as evidenced in recent trading.
Patience and courage will be rewarded in my opinion. We should retest 22.5cents again sooner than later. This time, I expect us to hold this price and push towards 27.5-30cents.
Very pleased with the company's performance. All above is my opinion. Do your own research.
Good times ahead in my opinion. Share price should start gaining increasing traction in coming sessions and weeks ahead. For now, be well.
Goodnight. $tockfella.
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