Comparing GLB to a bricks and mortar retailer is not right, completely different business models.
Retailers with a rollout strategy can scale very quickly and Culture Kings is a phenomenal brand, and has the ability to potentially get to 100+ stores across Australia, so a $600m valuation is probably expensive, but not outrageous.
For GLB, hopefully the right peer eventually is BRG. A global brand in the consumer discretionary biz.
Comparing GLB to a bricks and mortar retailer is not right,...
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Last
$3.60 |
Change
0.000(0.00%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1510 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.60 | 2496 | 3 |
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| GLB (ASX) Chart |
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