@eternalgrowth, It is simply an observation. I know that the valuation of the business is underpinned by above average margins. I then see material capitalisation of intangibles (relative to the expensed wage bill) in the cash flow statement. I am also suprised that given it is not a tech company, it's an online retailer, that it would need to spend so much on software development. It raises an eyebrow, that is all.
oh and I can see in the latest half a very big increase in marketing spend, I suspect that had more to do with sales growth than new features on the website.
Ann: H1 FY24 Appendix 4D and Financial Report, page-95
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Last
$2.65 |
Change
0.055(2.12%) |
Mkt cap ! $1.012B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.68 | $2.61 | $2.581M | 972.9K |
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| No. | Vol. | Price($) |
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| Last trade - 11.40am 21/05/2024 (20 minute delay) ? |
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Change
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