Yes. I think you are right : - the introduction of a new product category (masks since the end of April) is probably a good opportunity to get high margin products (just my guess, but in line with their strategy of mix improvement), - no need to push the sales with promotions at the moment for most ecommerce categories, - we know that the new (returning) CEO is much focused on CODB and expect it to increase less than sales. As an element of comparison, Kogan has increased its monthly EBITDA by 43 % between April-May and July. Not sure what growth we can expect for RBL, but the upside is there as both companies have similar top line growth and their margin improvement is also driven mainly by the increase of their gross margin.
RBL Price at posting:
$3.09 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)