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Ann: Business Operations Update, page-11

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8horse

26,847 Posts.

1841

20/02/19

14:43

Post #: 37501575
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Originally posted by Rod_Valens ↑

Originally posted by 8horse
This is a still sort of traditional retail business.
Don’t let it blind you.
@8horse,
Yes, that's the way it looks like at a glance but it doesn't have the costs of a traditional retail business and the focus is very different.
The success of the business will be driven by volume and loyalty from customers.
This business may not look glamorous or high tech from our Australian perspective, but numbers are telling me that in a short period of time have achieved strong volume growth, the US is a hughe market for this segment.
I guess time will tell but I am happy to stay for the next 12 - 16 months and give an opportunity to management to demonstrate what they can do. Keep in mind that the CEO has a lot of skin in the game and already has had a very succesful exit in a previous venture.

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Can you please tell me how much sales to achieve break even point?
40% gross margin, massive selling and adminstrative expenses.

CLB Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
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