SRF 0.00% 0.0¢ surfstitch group limited

Ann: Market Update, page-9

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  1. 116 Posts.
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    I am not upset about someone downramping a stock. I've lost a fair few in my investment career and I am sure everyone else has. I just thought the sympathy in the tone of the poster towards the holders was a bit over the top.
    Anyways the reason I am hopeful is because the company is still generating comparable revenues as against the previous FY minus the GBP fx loss. So they are still selling a lot of stuff. The problem is that the cost to sell is higher that the stuff they sell which what the new CEO is focusing on. The last report shows some very healthy Opex and capex improvements and if this keeps going in the right direction they should be able to turn the corner.
    The biggest risk is the uncertainty around a legal action and they are facing a few here.
 
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