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19/04/17
11:27
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Originally posted by jake0002
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yes it IS positive.
Bert is good imho - he knows his stuff. No bulls### - we got good with not so good.
He has big plans.
they still are concentrating on Nth America.
what he did point out is that Yowie has sold about A$80m retail since startup of only about 2yrs ago! So Zero to A$80M retail sales in just 2yrs !? IMHO, that's pretty impressive.
The reason they have missed the target of 100% invrease in sales YOY, is because they set a huge target, and any hiccup knocked that target to bits.
So I ask, what's the problem with a 70% sales increase YOY, and what's wrong with a Gross Margin of 56% ?????
We still have A$38m in bank, we are advertising, making sales, gaining mkt share, expanding geographically, expanding product range, and sell into the biggest stores in USA (and soon Canada).
This is a growth stock, and I am happy to let them do their stuff.
cheers guys
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I think previous managements forecasts were way too bullish and now Bert and co are left cleaning up the mess ,,
I thinks as Bert settles in he will be more conservative in regards to forecasts which is what should of been done in the first place !!!