The Board of directors should be fired, they should head hunt from their rivals who know how to make money. These clowns couldn't arrange a chook raffle let alone design women's underwear - it's laughable that all the chumps who went balls deep in this stock think it's a covid issue still when clearly the board including the ex NRL CEO (ex for a reason!) have run this company into the ground.
If they hold 30 million of inventory per Q1 trading update, that means they have 200,000 boxes of stock somewhere - 150 pcs per box 40x40x40cm.
The only people making money is the 3PL they use out in Smeaton Grange.
Get out before the November 16 update
News: STP Step One Clothing Provides Q1 FY23 Trading Update, page-3
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Last
$1.50 |
Change
0.070(4.90%) |
Mkt cap ! $278.0M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.51 | $1.42 | $611.9K | 414.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48183 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 2561 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| STP (ASX) Chart |