...Starting to think RBL really got ahead of itself on the sell. side. As a few punters have commented, RBL is a much better company then KGN and TPW. Given its global footprint, RBL should be considered and awarded a higher multiple then both. Also, a few things to consider
1- New CEO seems like a perfect fit for RBL. Looks like he did a great job growing SEEK during his time there. He would be keen to get off to a good start
2- Analyst 3rd and 4th Q estimates will be very very low compared to how the company is traveling. Since the company did not provide guidance last time around, many analyst kept 3/4Q estimate intact. Even if RBL's management does not provide guidance...I think the analyst will be compelled to raise estimates dramatically(IMO..20%)This should cause a re-rating of RBL. This is just my opinion...but I think analyst will raise price target to mid 7 dollars. This process could take a few days.
3- Although RBL is a conservative company in its reporting, it could just have a strong enough conviction on the remainder of the year, that it provides upbeat guidance to the market. Given the global strength of E Commerce, this would not be a stretch.
4- Think all the metrics will exceed expectations..Cash Flow..Cash on hand...Margins etc. The only negative for 2Q would be delayed shipments...but all fulfillers had this problem during a record Xmas seasons.
I still think this stock is VERY VERY cheap compared to its global peers. E Commerce stocks continue to go from strength to strength globally. I still think RBL will be a ten dollar stock sometime this year.Good luck to all holders .At these levels, I went from Hold to a BUY today
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Last
36.5¢ |
Change
-0.015(3.95%) |
Mkt cap ! $104.7M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 36.5¢ | $128.8K | 346.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 26253 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 11253 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 26253 | 0.365 |
8 | 35429 | 0.360 |
1 | 8450 | 0.355 |
4 | 37365 | 0.350 |
3 | 250000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 11253 | 3 |
0.380 | 60 | 1 |
0.385 | 15000 | 1 |
0.390 | 12565 | 2 |
0.395 | 28187 | 6 |
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