As Bryan Carr stated when he was on SBS news, retailers selling into China needs to allow for min 6 months to see substantial growth so 'yes' I agree with you, SMA is likely to be a very different company in 12 months time.
China is on everyone's lips, majority of Australian retailers are looking to expand into new markets and SMA has many projects happening which is great. SMA is pressing ahead and as a SH I expect some great initiatives to unfold...
IMO, this is a long-term investment and SP is a bargain.
Clearly, byers wanting in at the cheapest price, also why the ongoing down ramping is happening. Reality is, buyers trying to psych you out by putting in bids well below current SP - it is all a mind-game...
Remember; CASH IS KING!
DYOR
Ann: SmartTrans WeChat Platform Selling Burlee Uggs to China, page-22
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $30.44M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $11.33K | 63.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 71347 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 52656 | 2 |
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| Last trade - 13.25pm 09/09/2024 (20 minute delay) ? |
| ODA (ASX) Chart |