I hadn't paid attention to this stock, largely due to not understanding this sector.
just saw the steep rise in share price recently.
19% gain in 8d jumped from 6.21 to 7.41, 14-22 Feb 2022.
Then I was left wondering how..... why? .... then I realised
listed in July 2021. market had no trade history or knowledge of the board
no quarterly financial reporting. nothing to guide investors between annual and half year fin reports.
idk how to factor in the vagaries of covid lockdowns/openings with the liquor/hospitality industry.
pro - ppl drink more when nothing else to do.
cons - ppl can't go to hotels during lockdown, likely to spend less drinking/partying at home.
first financial results (F21) on 26/08/2021
share price peaked @ 7.35 a few days early, fell 5% over a few days, then spiked 4.4% on 31/08
bounced around with a long gradual decline until a few days before the F22 half year results.
F22 Half-year fin results on 21/02/2022
14/02 to 22/02 saw 19% share price gain.
that's just a very course flyover view. maybe even retarded as it doesn't touch on the financials. still gathering my thoughts.
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