I disagree with you - my base case is no profitability growth in FY24. You have ATV up, offset by lower customer counts and store closures. SSS will bie flat and their corporate stores in AU and US will be breaking even in FY24 before being EBITDA accreditive to the bottom line in FY25.
Overall the stock is cheap because the market assumes a 10-20% continuing decline to its store networks (an inverse to growth stock). I don’t agree but then the market has made its mind, so this is now a long game.
I disagree with you - my base case is no profitability growth in...
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Last
7.6¢ |
Change
0.004(5.56%) |
Mkt cap ! $186.6M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.6¢ | 7.2¢ | $504.3K | 6.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 732880 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 597329 | 7 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
7.6¢ |
Change
0.004 ( 3.26 %) |
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| Open | High | Low | Volume | ||
| 7.3¢ | 7.6¢ | 7.2¢ | 5920873 | ||
| Last updated 16.10pm 14/06/2024 ? | |||||
| RFG (ASX) Chart |