Just sell all your shares and buy EBOS, what could possibly go wrong? Well run south island company
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Just sell all your shares and buy EBOS, what could possibly go wrong? Well run south island company
Trading Halt was another blunder of management . For what came out of Halt was not enough reason to justify 2 days of Halt and create so much panic and stress for the investors .
Just because they didn't want to burn some midnight oil doing the calculations they asked for time by Halting .
They rather cause trouble to investors then trouble themselves for just a simple Downgrade . They did once before without Halt so why Halt for this one ...Maybe they wanted to make people think that this time they did their calculations better :t_down:
They say Q2 is better than Q1 (to get to $670m sales)
Is that to make us feel happy ....momentum growing or something.
But seeing the $670m is way short of guidance $775m one would have to think that Q1 was a real shocker but they embed quite happy with progress a month or so ago.
But then Q2 might always be better than Q1 so a rather meaningless thing to say in the first place
Genuine question, why doesn't Daigou exist in NZ to the extent they exist in Australia? Why has there always been such a focus on personal shoppers in Australia when the product is made here and we can walk into any of our local supermarkets and pick it up. I'm trying to wrap my head around why Daigou has been so profound in Australia but not mentioned in NZ. We havent had all the additional lockdowns like Victoria have had, and had Daigou been operating here the impact most likely would have been significantly less. We have had sea freight operating throughout all lockdowns, and several air freight flights per week into Shanghai and others being operating by China Southern and other Chinese airlines.
19/08/2020 Results Presentation boldly titled "Building from Strength" FY21 Outlook "Notwithstanding these uncertainties, overall for FY21, we anticipate continued strong revenue growth supported by our continued investment in marketing and organisational capability
FY21 EBITDA margin is expected to be in the order of 30 to 31%"
Very heavy insider selling followed very shortly after this outlook statement
Revised outlook on 28/09/20 Just on a month later
Notwithstanding the significant uncertainty and volatility in market conditions as a result of COVID-19 we have determined it appropriate to provide an update to our outlook to include our view of Group revenue as follows:
- Group revenue for 1H21 of $725 million to $775 million
- Group revenue for FY21 of $1.80 billion to $1.90 billion
- Group EBITDA margin for FY21 in the order of 31%.
Above was confirmed in the CEO's address on 18/11/2020 albeit with them adding various caveats that made it clear the forecast was based on a number of factors and assumptions about the future.
One month later they go into a long trading halt and deliver the bombshell update with a radical revision of not just IH and 2H sales but also to the gross profit margin.
I will leave investors to decide for themselves if the first FY21 outlook statement, (including the title of that outlook statement) was very carefully crafted to keep the share price at the lofty level of $20 plus so insiders could sell and reap millions in profits.
"Very heavy insider selling followed very shortly after this outlook statement"
If not a scam it looks very dodgy... I don't have atm so don't follow all the notices. Its good you're on their trail