Been a tough six months for the three listed Online Retailers on the ASX, bar GEG which seems to have held up better than the others.
Ensogo last week traded at 9 cents, down nearly 90 per cent from its highest price of 68.2 cents last March. Since the news of "strategic investors who might potentially look at Ensogo", the SP rebounded to around 14.5c.
SHP is another that is at close to all time lows. The smallest of the three, SHP has put out some projections to the market and it seems investors are waiting for results. They also are continuing to talk about aquisitions, so a little behind the likes of GEG and E88 in regards to size and acquisitions; but on the surface appears to be one to watch if it can get back anywhere near it's 2014 4c highs from the current 1.5c Share price.
GEG for me seems solid at the moment. Movement has been in the right direction. The acquisition of Grays seems a solid investment on the surface The buy side is very thin and it wouldn't take too many positive announcements to see it move quickly in the right direction.
With 4cs for Q2 due to be released this month, it will be interesting to see who is and isn't performing and where these stocks move.
GEG Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
