Seems like Goldman is predicting a drop in revenue as the world potentially goes back to 'normal' towards the end of covid which is justifiable, but e-commerce is here to stay, especially since RBL is a unique e-commerce market place with an unique advantage. Quite interesting, although I do believe that 2QFY21 is going to be the biggest of the year, I do not see RBL revenue being that low in comparison. If RBL can somehow maintain their earnings and increase their scalability over the course of later FY21 and exceed these 'low' expectations, we could see the market seriously react and we could be in the double digits! Very exciting indeed.
Strong Nov Sales - early sales guidance from SPT and MyDEAL + Kogan takeover MightyApe, page-42
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