Hence my comment that they didn't want to talk about the underlying reasons for a ~$4M drop in revenue. CFO & CEO are both experienced executives, there's no way that they would have thought that "lower conversion" explains revenue reduction... everyone knows that.
Even with conversion as low as zero % they'd still get flat Q1 vs Q4 sales.
We're 3 weeks away from the investor call in May and there's plenty of time to go much lower...
US Treasury yields are peaking again as they were in October 2023 pushing growth stocks back to recent minimums.
In October, AVH touched $2.90 and back then they were in a reasonably good shape with projections and analyst valuations looking up. Now it is a deferent story, sentiments around AVH are very negative therefore recent minimum of $2.90 unlikely to hold.
Technically a 25% pull back in sales could easily translate to a 25% decline in share price from the minimum i.e. ~$2.30
Hence my comment that they didn't want to talk about the...
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Last
$2.45 |
Change
-0.070(2.78%) |
Mkt cap ! $162.4M | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.50 | $2.41 | $1.007M | 412.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1878 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 2000 | 1 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| AVH (ASX) Chart |