My opinion is their bottom line is hurting badly and they have tightened the straps on their advertising spend/budget thus the reason why their traffic is dropping greatly. IMO numbers wise they have no where near $60m.
All that's happening here is people are trying to 'predict' a bottom and become nothing more than liquidity for the big guys at play. This has had 6 consecutive days ending lower and i'd say by COT trade we will make that 7. SRF is not just clearly in a downtrend but is being re-rated to an appropriate valuation based on recent events that have effected the company. Today, we have again set a new all time low of 20.5c. Where to now for the price? I personally believe my target as quoted of 15-18c. Could it go lower? Yes it very easily could. Does it represent value at 20c? No. I don't think it does.
If 20.5c breaks look out!
DYOR and form your own opinions and or views.
GOOD LUCK
My opinion is their bottom line is hurting badly and they have...
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