NZSilver
17-10-2014, 02:22 PM
Was called addeffective (ABN) - old thread here; now Shoply SHP
http://www.sharetrader.co.nz/showthread.php?9362-Adeffective-Limited-(-quot-ABN-quot-)&highlight=shoply
also has the odd mention on the MBE thread.
Has been morphing itself into a pure online shopping company - with several websites selling toys, electronics, kitchen utensils etc. http://www.shoply.com.au/online-shopping
In its histroy it has renamed itself, grown by aquisition, had a couple of cap raising's, the ususal hotcopper pump & dump, the odd media presentation talking itself up - so im sure it has burnt a few people along the way and some traders have made the odd $ of a few people caught up in the hype.
Anyway all that aside, ive been holding a few for a while, just ignoring the up/down, hype and erratic share price movements, kinda thought it was a dead investment, however the industry as a whole (not necc. this company) has to be a winner with more and more people buying online, rather than locally in traditional retail stores (which I think is bad for towns etc but thats a story for another day). The model also means the company can have a warehouse with a bunch of product and minimal staffing (taking orders and dispatching them) - so it could be low cost, high revenue and possibly high profit as long as they have customers and dont stuff anything up.
Quarterly just came out and its looking promising
http://www.asx.com.au/asxpdf/20141017/pdf/42syy1p9gr1vs7.pdf
http://www.sharetrader.co.nz/showthread.php?9362-Adeffective-Limited-(-quot-ABN-quot-)&highlight=shoply
also has the odd mention on the MBE thread.
Has been morphing itself into a pure online shopping company - with several websites selling toys, electronics, kitchen utensils etc. http://www.shoply.com.au/online-shopping
In its histroy it has renamed itself, grown by aquisition, had a couple of cap raising's, the ususal hotcopper pump & dump, the odd media presentation talking itself up - so im sure it has burnt a few people along the way and some traders have made the odd $ of a few people caught up in the hype.
Anyway all that aside, ive been holding a few for a while, just ignoring the up/down, hype and erratic share price movements, kinda thought it was a dead investment, however the industry as a whole (not necc. this company) has to be a winner with more and more people buying online, rather than locally in traditional retail stores (which I think is bad for towns etc but thats a story for another day). The model also means the company can have a warehouse with a bunch of product and minimal staffing (taking orders and dispatching them) - so it could be low cost, high revenue and possibly high profit as long as they have customers and dont stuff anything up.
Quarterly just came out and its looking promising
http://www.asx.com.au/asxpdf/20141017/pdf/42syy1p9gr1vs7.pdf