Originally Posted by
Beagle
Yes he did mate and I stated at the time I was very comfortable with my sell decision despite insider buying, CFO also bought some.
Agree that sub $3 is quite plausible. Don't think our Waltzing friend has wrapped his head around the rising costs and ever increasing size of the black hole that is the market. If they're incurring ever increasing losses with that platform at a time of record ever online spending it's got to be a really serious worry going forward. Trying to be the Amazon of N.Z. could well turn out to be a flawed strategy as people keep buying off the real Amazon and other well established platforms at cheaper prices.
Nick loves throwing around that Omnichannel buzzword doesn't he but the more they sell online it seems the more they lose online and cannibalize more lucrative instore sales for "good" measure. I think your mate Nick wastes FAR too much time, energy and resources on his ESG obsession.
I'm half expecting the half year result to lead off with their ESG accomplishments...if it does, you know the numbers that follow are going to be really ugly.