"China, we're going to China!. I rang a 7/11 store in Beijing and we struggled at first but through the confusion I heard him say yowie, yes, yes we stock yowie"
Incidentally, before we get to this inevitable management announcement, can I just pre empt that the price point for a Yowie will be no more than 7 RMB in China, which is about $1.25/$1.40. Store will get half, wholesaler / distributor wants a margin. Yowie must produce a unit for around 30 cents to make a 15-20 cent margin. Before tax, cartel fees and JV fees. Then it will be parallel produced out of its own factory and discover 90% of its manufactured stock is sitting on a floor in Chongching.
Basically, they'll generate more revenue and profit selling them for $2.50 out the back of a ute at Summernats than in all of China
YOW Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
(20min delay)
