Hi guys,
these days I did some more research and read more stuff from ASX announcements about this company but now I'm not so optimistic (before I was stupid and didn't search about it enough, I'm quite novice into shares). I have found just a couple of clothes they sell here:
TaoBao (I would expect far more to see there). Then there are some Pandist briefcases on ebay as well (just a few).
I don't know if their 8-story building is real, but somehow it doesn't make me any sense that why they need so much space if they sell on TaoBao just 10 products. In addition, their main webpage
www.pandist.com is out dated and not finished (some links doesn't work and some info is missing), unfortunately same can be said about
www.sunbridge.com.au .
Then there is quite a lot of typo's in their
Investor presentation (eg. GLAMGOUROUS) and the presentation itself is poor and has nothing to do with design (I would expect it to be more eye-catching as their main job is about designing products).
I was trying hard to find anything in Chinese as regards their brand (I tried also Chinese equivalent of word Pandist and Agueseadan), but there is really little new on internet during year 2015, most of the information on internet relates to their stock on ASX.
Then there is only reference to a catalogue 2014 (but now it is already 2015, soon 2016), I would expect to put new catalogue into their Investor presentation if they are still doing their job.
To me it seems that they already ceased their productive activities and maybe they just try to sell remaining stuff from their store, but really couldn't find anything new during 2015.
Moreover, there is a huge negativity connected with this stock, so I don't expect that the share price will increase significantly anytime soon, I think only divident could save it (or company buy back) - but I honestly doubt it.
From above reasons I have rather sold my shares (those I thought that I bought for a bargain price) in a loss and I will try to get into positive numbers in some other stock (will do far more research before buying anything again). I have learnt it hard way, but as I'm quite new to shares so hopefully will improve. Till now I see that it was more like gambling...
Anyway, sincerely I hope that I am wrong and that the situation will improve for all shareholders of this stock soon.
Good luck!
