hmmm....giving up 18-20m in sales with no 'payment'. Did they just loose the distribution agreement (or it expired) because that seems pretty significant.
They did flag headwinds for multi-story residential market, but by taking out this product (not insignificant share of sales), it also adds additional costs to the remaining range they have on offer (Omega). I think Blanco are mainly sinks, taps, while Omega are ovens, stovetops etc so this looks like they have a gap in their offering.......interesting that the announcement lacks clarity around any of this
this seems like a pretty big negative.......any other views on this?
Ann: Transfer of BLANCO distribution in Australia & NZ, page-2
Add SHM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
78.0¢ |
Change
-0.010(1.27%) |
Mkt cap ! $75.20M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.0¢ | 78.0¢ | $22.86K | 29.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42461 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 71689 | 1 |
View Market Depth
| Last trade - 13.10pm 09/09/2024 (20 minute delay) ? |
| SHM (ASX) Chart |