yes, read the AGM and trading updates on multiple occasions.A...

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natnicnak

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05/01/23

16:02

Post #: 65547740
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Originally posted by optimistus: ↑

Post-Christmas sales presumably. Last AGM address is worth a read regarding their sourcing strategy.

They have too much inventory and presumably have various supply commitments to bring in more stock come what may. You know this but that mistake is in the past and now they need to move both the old and the new stuff to address cashflow and reduce warehousing expense.

Basically they need to manage this tap dance until consumer sentiment returns in Europe and the US and until they get their inventory back to target state.

Not great but that's why they've taken the hit. Don't think they've ever been Peter Alexander or LuLuLemon. I also think any "50% discount" signs I see from a retailer as somewhat fungible.

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yes, read the AGM and trading updates on multiple occasions.

A strategy that discounts profitability to oblivion (you will know EBITDA will be zero first half 2023) is the definition of repeated madness and the ultimate outcome of poor planning and product strategy decisions, yet somewhat nonchalantly the executive team and Board continue on as if there is no personal price to pay for trashing the stock price by 95%.

CCX Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
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yes, read the AGM and trading updates on multiple occasions.A...

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yes, read the AGM and trading updates on multiple occasions.A...

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