Also surfstitch was an issue because they tried to grow rapidly by aquiring 5 companies within span of 2 years. That costed them 120million. Those acquisitions didnt actually give them much revenue/net profit back.
"Between December 2014 and December 2015, SurfStitch outlaid more than $120 million in cash and shares on five acquisitions, including $24 million for Surf Hardware International, $21 million for Stab, an online surf content platform, and $15 million for Garage Entertainment, which made action-sports films and videos." https://www.afr. com /companies/retail/ surfstitch-group-in-administration-20170824-gy357b
Also surfstitch was an issue because they tried to grow rapidly...
-
- There are more pages in this discussion • 595 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.37 |
Change
0.150(12.4%) |
Mkt cap ! $520.3M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.40 | $1.26 | $10.03M | 7.438M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20826 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 14987 | 2 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CTT (ASX) Chart |