Similar timing, and I believe sales will increase. We possibly won't see the extent till quarter 4 but there's significant potential in the coming 15 months from Canada and Chinese markets
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Might be a Dunedin thing - PEB snuck up a couple of points at the close too. :)
Very good news to come from both companies over the next few months IMHO.
Combined BLT and PEB make up just over 30% of my portfolio - I'm expecting them to reach close to 40% over the next 6 months.
Nice surprise to come back to after being in a bad service area since Friday morning :t_up:
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https://themarketherald.com.au/rooli...er-2020-10-29/
RooLife Group (RLG) has achieved 62 per cent year-on-year growth in revenues for the September quarter
Revenues surged to $940,000 for the quarter, alongside total cash receipts of $828,000
The company also secured a record number of contract wins worth an anticipated $7.4 million, with three substantial new signings
In addition to the increased revenues recorded, RooLife added around $6.2 million to its coffers through a recent placement and entitlement offer
While the company only has six months of funding available at current spending levels, the enhanced revenue base will likely extend this going forward
RooLife Group is trading 3.23 per cent lower for 3 cents
The contracts are expected to deliver revenues right through into the 2023 financial year.
The company launched three new Tmall online stores in partnership with U.S. company Nuria Beauty, COLABDry Shampoo from the United Kingdom and New Zealand’s AFT Pharmaceuticals.
The Nuria Beauty and COLAB Dry Shampoo stores have gained traction with Chinese consumers, highlighted by impressive month-on-month sales growth since their launches.
October's launch of the Kiwi Health store and impending launches of Total Beauty Network’s INIKA cosmetics brand and BLIS Technologies’ key oral probiotics products are also expected to deliver growth through the December quarter.
Thanks for posting Lion, I hold both AFT and BLT, so good news IMHO.
I'm getting the impression it has launched from this that suggests up and running for next week at the latest. Could be cutting it close if its not ready yet. Article dated October 22nd saying store ready for nov 11th.
"The Kiwi Health store, launched in advance of and in preparation for Alibaba’s 11.11 Global Shopping Festival, markets and sells a range of health and well-being products online in China. The store aims to leverage the strong brand awareness of AFT’s product range under the “Kiwi’s thinking about health” branding and the regard for New Zealand products in China.
https://www.aftpharm.com/news/kiwi-h...-tmall-global/
Might be getting that article mixed up. Might not relate directly to bliss