Originally posted by towkay
" a low asset base business"
AU8 built 13 stores in 1 year, assets??! Achieved double digits sales growth and gross profit.
No difference from other retail businesses except AU8 is earning foreign money rather than domestic $!!
Any business can vapourise overnight (e.g.see FTT) but AU8 previous qtrly is not indicating that.clear.pngclear.png
p/s did u buy in at the peak of 84c and lost money? clear.png My sympathy!!
I disagree there.
13 daigou stores in Australia on a rental basis isn't exactly an asset base. double digits doesn't mean anything unless it is compared or has context. any business can vapourise overnight, like TB8 but I cant comment on FTT. Take a look at Myers then. They aren't earnings foreign money unless people are buying in Australia on overseas currency and the company would then be carrying the currency exchange burden and that hasn't been disclosed.
The key to this one is not this business but its milk powder provider and it isn't Australian and secondly you cant get invested in it unless you go the long way around via the Hong Kong listed company invested in it.
Last comment irrelevant and embarrassing to see folks operate at and comment at such a base level. Gamblers jibber jabber at the sounds of it.