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clock Created with Sketch. 16/06/21
20:28
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Originally posted by Khakisuit:
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Hi Steve, always appreciate your good analysis. I think you’d pointed out earlier that the next quarterly wouldn’t be a good revenue indicator for the impact of B2B rollout and that arising from the partnership with Amazon. As such we should expect share price to be more sideways than upward, with a retrace to close the .08 gap on the cards. So far so good it seems. My observation is that if it takes a long time to feed market participants with ‘great’ news, the sideways movement will have a continual downward pressure albeit gradual. It’s going to be interesting therefore to watch the price action here for a while.
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Without being able to go into depth as much as Steve, I believe gross profit won't be a suitable metric for a while simply because of all of the discounts being offered to gain customer relationships in MARKET (ie bibendum voucher, free storage offers etc.) These discounts will distort margins, so revenue is a much better indicator of penetration, imo
(20min delay)