If you back out the marketing costs revenue will tank. I made this point months ago: The company can't grow the bottom line without cutting marketing and can't maintain the top line without the marketing. In the last half they literally spent $2 on marketing for every $1 increase in gross profit v the pcp.
Anyway, I made the same point months ago. Since then the shares have fallen a further 65%.
Bring on a Buyback, page-11
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Last
$1.39 |
Change
0.040(2.96%) |
Mkt cap ! $529.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.50 | $1.36 | $5.616M | 3.940M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32408 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 3300 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CTT (ASX) Chart |