Agree with above and also said so at the time but less concisely. John Humble and crew took a wrecking ball to Sukin that was breathtaking in its naivety about retail. That aside, and assuming Sukin in Australia is toast for a while, if they can get good penetration into the USA or Asia than that won't matter. They still have low cost of production. So its on a watch for me to see how those markets are going and i think there is value somewhere if it stays afloat.
The problem is that their reports and commentary are often misleading. For example their h1 report this year had a first half EBITDA of something like $9m, yet they said they were confident of a full year EBITDA of $29m. Everyone knew even then there would have to be an earnings downgrade and sure enough it happened. But it was wrong to promise something that its obvious couldn't be delivered. I thought there were rules about that. Thats just one of many examples.
Anyway, be good to see USA and ASIA sales.
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