not to mention a major shareholder(UK listed Mothercare) having troubles of its own; down almost 75% yoy...
not looking good at all.
one thing is certain... the share price won't stay in the teens... its either going to double or triple if the company proves it can grow profitably...
or sink to low single digits if not
It is a shame... i actually really liked this company about 18 months ago; and they actually have performed reasonably well; given the circumstances I can't fault any of their moves.
They just need to prove they can make a profit
MLC Price at posting:
9.5¢ Sentiment: ST Sell Disclosure: Not Held