Ann: Appendix 4C - quarterly, page-69

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Exised

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26/10/20

17:34

Post #: 48396447
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Originally posted by mikey16: ↑

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.

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Happens to the best of us mate.

Did the same with SDA and left a free carry in there and now its gone to zero...

ADH, Yup still do. Its only a free carry parcel from when it hit 1.17 a couple of years back added more when it hit 0.45 in March but sold that parcel a bit too early last month. ADH is a very good company but then again it cost me nothing so my mileage is different to most.

Last edited by Exised: 26/10/20

MMM Price at posting: $2.36 Sentiment: Buy Disclosure: Held
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Ann: Appendix 4C - quarterly, page-69

Top Stories

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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