I have never held a stock which has taken as many insults on HC as this one. I would like to say just one thing. If Daigou stores are not making any profits. Than how can you explain the thousands that have opened especially in Melbourne and Sydney and all them making decent coin ? And they are small ugly looking stores making a killing. Now you have AU8 with stores that look very modern, tidy and presentable which Chinese customers appreciate very much and are publicly listed giving Australians a chance to make some coin off the industry which is pretty much run and profited by Chinese people. If anything I am thankful for the company listing because it gave me exposure to an industry which I would of never been able to be a part of. And to address the people trying to determine a fair value. There is no such thing. Look at the asx and you will realise that price gains and drops are all run on emotion. And for all those calculations they may have some merit based on large older firms with plenty of data to use as input but, a firm as new as this one the formulas are all but useless.
AU8 Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held