YOW 4.00% 2.4¢ yowie group ltd

Ann: Yowie New Plant Commissioning on Schedule, page-13

  1. 109 Posts.
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    Got this notice on my trading platform;

    DJ Chocolate Maker Yowie Sales Ramp Up Delayed -- Market Talk

    2113 GMT - Canaccord Genuity's appetite for candy group Yowie (YOW.AU) has diminished, at least in terms of its price target. The broker reduces its target on the stock by 17% to A$1.50/share because its expectations for a ramp up in chocolate sales proved to be overly optimistic. Canaccord now expects the timing to be 10-12 months later than previously thought. "The reasons for this change include management's decision to wait for a more complete distribution channel to be built out, and a change-over to a higher capacity/higher margin manufacturer, before implementing an aggressive marketing campaign to drive an accelerated consumer response," Canaccord says. "We see this strategy as wise, but we had factored in a far more aggressive FY16 marketing spend of A$7.8 million versus our revised estimate of A$2.6 million." It retains a speculative buy call on the stock. YOW last traded at A$0.70. ([email protected]: @dwinningWSJ)

    Still more than double from were the share price is now.  And I think it is wise to steer clear of Whetstone in the long run.
 
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Last
2.4¢
Change
-0.001(4.00%)
Mkt cap ! $5.504M
Open High Low Value Volume
2.5¢ 2.5¢ 2.4¢ $1.367K 54.79K

Buyers (Bids)

No. Vol. Price($)
1 818 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 144879 3
View Market Depth
Last trade - 11.09am 21/08/2024 (20 minute delay) ?
YOW (ASX) Chart
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