Don't forget this stupid cyclical rotation that ASX freaking...

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Crayjay33

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02/03/21

09:50

Post #: 51441007
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Originally posted by saintex: ↑

hi Pooman1,

Interesting to do a comparison between the 2 stocks since they published :
Etsy share price increased by 24 %, while RBL decreased by 23 %.

I tried to find some elements to justify this difference of share price performance :
1/ one element is the starting point : pre-results, RBL was almost at its peak, while Etsy just had a correction of 15 % pre-results,
2/ the main element is probably the difference between published results and expectations.
Unlike Redbubble, Etsy published better results than expected.
I should say much better than expected. According to Seeking Alpha, GAAP EPS was 1.08 $ and has beaten consensus by 0.49 $.
Revenues were also much higher than expected at 617 m and has beaten consensus forecast by 101.68 m.
3/ Last time I checked Etsy's business model, Etsy was not responsible for the shipping costs (supported by sellers on their platform). Obviously, that's a significant element, given that it explained why Redbubble results were under expectations.

Regarding Redbubble recent correction, I think it has not much to do with its results and forecasts (still driven by the structural growth of their sector and their operating leverage).
The correction was probably mainly explained by the increase of long term rates, which impacted most of the growth stocks.

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Don't forget this stupid cyclical rotation that ASX freaking loves for short term gains into dinosaur stocks. RBL gets treated as part of the KGN, TPW trio too...

RBL Price at posting: $5.36 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 41.0¢		Change 0.000(0.00%)		Mkt cap ! $115.9M

Open	High	Low	Value	Volume
40.5¢	41.0¢	39.5¢	$19.70K	48.97K

Buyers (Bids)

No.	Vol.	Price($)
2	42498	39.5¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	45671	5

View Market Depth

No.	Vol.	Price($)
1	37498	0.395
2	25424	0.390
1	8000	0.385
3	22634	0.380
3	68008	0.370

Price($)	Vol.	No.
0.410	45671	5
0.415	21818	1
0.420	249939	2
0.425	33663	3
0.445	2100	1

Last trade - 16.10pm 24/06/2024 (20 minute delay)

ATG (ASX) Chart

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Don't forget this stupid cyclical rotation that ASX freaking...

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