Ann: March Quarterly Report & Appendix 4C, page-14

Lot of good points. 3 in particular

I believe it will be interesting to see how the next 3-6 months unfolds for AU8
This technique involves accepting both risk and trust, but what listed investment doesn't?
I trust my judgment that the AuMake story has many chapters yet to be written.


Me too, thats why I follow this. I wander into the Central store and have a look. Revenue reasonable. $20m is it? Although I'd like to know what is inflated sales. Margin not much, bleeding money and losses

here is the $64m illion dollar question. At its margin, what do they need to be in that 12 months time to justify a market cap of...$74m million?

If in a a years time, surely a mature business I might add- this didn't just start operations last year, you would want what...$40m sales? And what would EBIT be on that? $5m. So double sales and ..anyway, even then it is a 15 x company. Which on its margins isn't right. Never mind the mis trust of this being another Chinese company.

What if one of those chapters is the Chinese govt says 2 tins only, or 1, Or whatever. What if revenue doesn't rise and they only stay at $20m with $3m EBIT...what forward PE should this trade on then? 10?

We're talking 10 cents. And that's IF you still think it has growth upside. That's capitalised at 10%. Personally, I'd want more than 10% to invest in a stock with slow sales growth, low margin, and run by novices.

Chapters yes, but the interim ones say this is a big risk in the meantime. This is DYOR and GLTAH stock

Finally, can someone explain what of UGG they actually own. Is it the entire UGG company or an UGG seller, or just a generic brand that sells wool boots and not the Ugg^TM brand. I can't work that one out