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06/06/17
15:31
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Originally posted by Peff2001
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Wasn't supposed to be an accurate guess and I did't mean for it to sound it would bounce right up to those prices straight away but it seems every time it has a new low, it bounces back up to these prices overtime. It's hard to see it bouncing up to these prices now, but it was also hard to see it all the other times as well. Will probably take up to 4-6 months IMO.
You make some good points about the books, cartoons and films but I say to scrap that and just focus on selling Yowie's at the moment (not that it's going to happen). Focus on that after we expand into other markets and are starting to breakeven.
We have our Canada roll out to look forward to along with our Target stores tier 1 full rollout (which is on trial at the moment).
Also good to keep in mind the court case with Hank. Sure, it's 6 months away but there is our wrapping machine back.
I can't tell where the SP will be after the next quarterly but I have a good feeling it will be up there again. No probably not 60-70c straight away, but maybe back in the high 40's. All IMO.
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Just to let you know - we are building a global brand - the books, cartoons, etc are all part of the strategy and the Yowie chocs will only be one of our products in the future. There are multiple people doing multiple things.