AUK 11.1% 0.8¢ aumake limited.

AU8 disgustingly and publically celebrating their massive insider P&D success, page-7

  1. 247 Posts.
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    Feel very sorry for anyone who bought in to the hype around this retail "re-seller".... 

    Their business model is fundamentally flawed and fails every check on the five forces model:
    - high buyer power (i.e. buyers have plenty of options to go elsewhere)
    - high supplier power (i.e. the suppliers have plenty of options to supply elsewhere)
    - Low barriers to entry (i.e. anyone can set up a daigou shop - and plenty have)
    - High number of substitute products (theres a daigou shop on every corner of every capital city)
    - High levels of competition (see above - literally hundreds of other daigou shops)

    Haven't read their latest report, but I am assuming they still haven't posted a profit and are likely still bleeding cash?
 
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