Two main reasons:
A drop in gross margin from around 64% to 60% (discounting, higher input costs) Company goal is to get it back up.
Also remember YE24 has a full year of Bevilles revenue. So that is masking the fall in sales for MHJ core.
If and when the consumer economy improves, coupled with a tightly focused strategy by the company we should see a reversal of these two factors to a greater or lesser degree.
Ann: FY24 Trading Update, page-15
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Last
53.0¢ |
Change
-0.020(3.64%) |
Mkt cap ! $203.8M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 53.0¢ | $30.23K | 56.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22566 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MHJ (ASX) Chart |