I'm waiting for a quarterly report to see how the director is having a pay cut.
To compete with other retailers and private sellers online, Plukka should give certificates for every products sold to challenge any fake products where buyers are worrying.
It's tough to get good sales volumes in high valuation currencies like HKD and USD but the US hosts the best consumers spending power and Plukka should open a new brick/mortar store.
My question is that Does Plucka guarantee to receive more sales volume from recent devaluation of GBP where consumers are in fear of a recession if Gov doesn't fast track more stimulus, quickly enough.
So I think it's not the problem of a high valued currencies but It's a problem with location of growths.
US, China and India are the place to be. How a customer going to buy a ring without a physical store, especially in the US. How Plukka archive more profits without establishments in higher valued currency while being listed in Australia where lower currency is always helpful.
6m in a bank is useless if the company does not seek for growth or to deliver good earnings. I know the business is very profitable with higher precious metals price but strategy should be considered careful in order to restore investors confident.
I'm looking to buy this stock.
PKA Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held