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.
- Forums
- ASX - By Stock
- YOW
- Ann: Yowie New Plant Commissioning on Schedule
Ann: Yowie New Plant Commissioning on Schedule, page-13
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add YOW (ASX) to my watchlist
|
|||||
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($) | Vol. | No. |
---|---|---|
2.8¢ | 144879 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 818 | 0.024 |
3 | 88494 | 0.023 |
1 | 45499 | 0.022 |
1 | 95383 | 0.021 |
1 | 350000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 144879 | 3 |
0.029 | 156545 | 1 |
0.030 | 102764 | 5 |
0.032 | 187876 | 1 |
0.034 | 19500 | 1 |
Last trade - 11.09am 21/08/2024 (20 minute delay) ? |
Featured News
YOW (ASX) Chart |