When all the Bs start posting here ...to me it means results are bad ...sure indication ...just waiting for the third also to say something here ...maybe soon ..lol :p
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When all the Bs start posting here ...to me it means results are bad ...sure indication ...just waiting for the third also to say something here ...maybe soon ..lol :p
Revenue 2H20 TO 1H21
Diagou -$183.5M (-46.7%)
CBEC -$77.2M (-42%)
China label +22.1M (+11.6%)
China store footprint increase to 22k stores from 19.1k (+15%)
You would think big drop in Diagou + CBEC would = large growth (say 40%+) in China label. Heck you would at least think it would grow in line with the 15% increase in store footprint. Perhaps Chinese mothers think if its not an English label then why pay the premium price.
Balance - no sign of the big clean out by the new CEO
That stock adjustment doesn't count as part of any cleanout
Actually its not that bad ..its not a full downgrade ...just little more damped expectations ...so I dont feel it will be big down immediately ...maybe slow grind down as market will need to write off this year and many will like to exit and deploy funds somewhere else in the meanwhile as it will be dead investment here for 6-12 months
Not great, but not groundbreakingly terrible like some here would have us believe. Outlook is more towards the lower end of initial guidance and they may miss by 1-2% but given Mr Market has typically been skeptical with A2 over the past 4-5 months, it will be interesting to see if that was already factored in to yesterdays share price.
ive updated my forecast for a pe of 15 - 18 based on current earnings given today implies share price of $5 - $6