I understand this may not be a popular opinion but I think this pull back was necessary - the SP has had a stellar run and needs a breather and possibly consolidate awhile before taking off again. There has been an increased share dilution as previously mentioned which has been a contributing factor.
I think there are fears and uncertainties around the idea of rising inflation and interest rates in the near to medium term has also caused potential investors to adopt a more cautious approach to high growth companies. Also, there is additional risk in relation integration risk where goals, values and commitment all needs to be realigned.
That being said, I think there's still a lot to look forward to in the coming quarter with the re-opening of Melbourne, the lead up to the festive season and restrictions easing for the hospitality industry all leading to an uptick in sales (hopefully).
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