They were closer to making a profit when they were just producing seeds!
Not happy with close relationships between ABT,JAT & Ecomag. They shouldn't need a related party to be successful if they have a decent product, which the jury is still out on.
Woolies clearly dropped the product from their Tmall website, although the company hasn't said so. That doesn't inspire confidence either.
Not expecting anything spectacular from Q4 sales numbers, in fact i wouldn't be surprised to see flat Q3-Q4 sales.
Downgraded from Buy to Hold.
ABT Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
