Probably this isn't a good time to invest in RLG chart shows downtrend and after quarterly report price hit 52w lows but this stock has big potential, business looks like progressing and revenue increasing in 2 years share price could go ten times higher than it is now. Quarterly reports shows bigger expenses because they investing money in development:
• RLG Marketplace investment and development culminating in new products and new online stores launching in China and Australia
• Development of TikTok/Douyin Store with official launch subsequent to quarter end. First revenues in Q4 FY22
• Launch of RLG Wine Marketplace - BestWineDeals.com.au. First revenues in Q4 FY22
I am holding shares of this company and will buy more if company will show revenue increase in next few quarters.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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Mkt cap ! $3.13M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5908388 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2529203 | 5 |
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| Last trade - 14.54pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 200000 | ||
| Last updated 14.00pm 14/06/2024 ? | |||||
| RLG (ASX) Chart |
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