Qwerty,
TPW also listed at a $1.10 in December and are now trading at 68cents, so there is a bit of a knock on retail stocks, especially after Dick Smith announcement.
SHP were forecasting $8.2m revenue for the Qtr and have been close to cash flow positive, with over $2m in the bank, with the business having been stable and growing revenue up till this point.
It's looks like they are starting to keep some stock in Melbourne for cheaper distribution as well, but no doubt this is a slow build.
They key thing here is generating organic growth through both new and repeat customers...the bad reviews particularly recently for estore suggest repeat business for them is a battle!
YHD and WowBaby look like good websites that are operationally doing the business, need estore to step up to the plate.
One thing is for sure, you couldn't justify doing an acquisition with the share price this low!!!
Qwerty, TPW also listed at a $1.10 in December and are now...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
