" a low asset base business"
AU8 built 13 stores in 1 year, assets??! Achieved double digits sales growth and gross profit.
No difference from other retail businesses except AU8 is earning foreign money rather than domestic $!!
Any business can vapourise overnight (e.g.see FTT) but AU8 previous qtrly is not indicating that.
p/s did u buy in at the peak of 84c and lost money?My sympathy!!
Ann: September Quarterly Report & Appendix 4C, page-9
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