Ann: Appendix 4C - quarterly, page-68

There are only 3 pure E-commerce/online sales plays on the ASX that i know of and they have all been on a tremendous run since March lows. The other two E-commerce plays i know of are: KGN and TPW, both of which have started to have pullbacks. Obviously these companies differ in scale and have completely different products but i've noticed a decent correlation in SP for these 3 E-commerce companies and they have been beneficiaries of the lockdown. A 30% nominal haircut is pretty reasonable if you consider we were at 20 cents during March lows.

I bought MMM last pullback so i'm down only a tiny bit after today's slaughtering. Hopefully we get a reversal and no dead cat bounce. Already been through one if you can even call it that. More like a fake bounce into a guillotine drop.

You still holding ADH? Also started correcting recently despite today's good report. Very similar situation to the 3 companies i mentioned. I do think in general E-commerce will slowly take over retail's market share and isn't just a fad that will dissapear after covid.