The recent sell-off has left the shares trading at a significant discount to global online retailing peers. The shares should rebound when the current round of apparent hedge fund selling is finished. Acquiring LivingSocial in Asia should result in annualised revenues of between $130 million-to-$140million, making it one of the largest online retailers in the region.
E88 Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
