Yes, I fell into a bear trap here, good & proper. No excuses. I was seduced by the thematic of providing glamour to the oversized female AND a downwards spiralling share price with an industry legend buying in. I thought the inventory bungle was just a cash flow timing issue, but I was unaware of the bad merchandising selection which subsequently resulted in massive fire sales that seriously damaged profits, cash flow and reputation.
Plus, I have really been re-educated on Buffetts stance on the importance of quality management. It ain’t here in CCX and I am curious to see what Blundy does.
Overall, lessons have been learned and thankfully, my buy price was around 55c for a small spec holding.
Perhaps add to the above, the inordinate amount of time one spends on the problem shares in one’s portfolio.
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $35.05M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.9¢ | $60.57K | 604.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 225860 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1104161 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 225860 | 0.099 |
5 | 386109 | 0.098 |
3 | 123092 | 0.097 |
3 | 413195 | 0.096 |
8 | 365582 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1104161 | 19 |
0.110 | 373928 | 7 |
0.115 | 225003 | 8 |
0.120 | 503185 | 7 |
0.125 | 43206 | 2 |
Last trade - 12.24pm 16/08/2024 (20 minute delay) ? |
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