Always have liked the brand profile of GLB but the last few years have been unspectacular - think billabong. With such a heavy reliance on US sales, not surprising. With the US consumers finding their mojo again, I would be looking to better times for GLB. The brands still seems popular with their domographic, skaters and surfies etc. Company is cashed up and free of debt with a high profile brand and in a good position to capitalize on positive consumer sentiment if it can be sustained. Not sure that an inside appointment for COO is the right move at this stage. Would have been more excited if someone with broader experience in global retail etc.. had been found.
I am currently out of this stock but will be looking closely if retail re3covery in US continues and Australia's summer weather gets back to normal.
new coo - needed an outsider maybe?
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Last
$3.75 |
Change
0.030(0.81%) |
Mkt cap ! $155.4M | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.75 | $3.75 | $9.555K | 2.548K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 699 | $3.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 1000 | 1 |
View Market Depth
| Last trade - 12.34pm 07/10/2024 (20 minute delay) ? |
| GLB (ASX) Chart |