Not unexpected.
There is immense completion in kitchen appliances in any case. I have a unit that these guys sold that was a 4 figure amount circa 10 years ago. Replaced it the other day with an eBay sourced unit that was less than $200. Quality identical. Mega margins under compression, that is not going to go away.
The Heston thing is a high risk play, will take marketing spend to get results. It might work, it might not, it’s overall worth a go at.
I’d not accumulate this stock at any more than the $1 mark. It will get there again!
Not unexpected. There is immense completion in kitchen...
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Last
72.0¢ |
Change
-0.020(2.70%) |
Mkt cap ! $69.41M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 74.0¢ | 72.0¢ | $84.85K | 116.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 13812 | 1 |
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| Last trade - 13.21pm 04/10/2024 (20 minute delay) ? |
| SHM (ASX) Chart |