Its hard to tell- but you can see from the Osmium letter and the notes in the trading statement about 'inorganic' opportunities that the board are thinking about this. My best guess is 12 months.
What I like about RedBubble is the risk/reward feels pretty asymmetric at this price. 25% of market cap is cash in the bank. Management have also got a lot of levers to pull if they need to to reduce costs (scale back tech investment etc).
But I think now is the right time to be investing and doubling down on building market share. One thing RBL isn't so good at is onboarding new products (compared to say Society 6), and this is key to driving incremental sales.
Ann: Trading Update, page-13
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Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $96.1M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 34.0¢ | 32.0¢ | $27.08K | 82.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12836 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 12037 | 3 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| ATG (ASX) Chart |