This Company has been under performing now for quite some time. I had expectations that it would reverse, but now we see sales revenue falling again, expenses rising and more inventory write downs following price increases. I will say that the debt and gearing remain low, but I will watch that with interest. Multix appears to be losing some market share and inventory turns have slowed.
I bought this when I believed it to be low but I was wrong just keeps going down.
Wonder what impact CWH brands have had on sales of Company owned brands and the impact on margin.
I am going to whip out my trusty abacus and try to fathom it all out.
Very, very disappointing. No more bonuses or salary increases boys get on with the job and earn it.
MCP Price at posting:
39.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)