RBL is probably a new ASX200 company to many subscribers, it’s an e-commerce art business which sells a variety of products designed by independent artists. To put the company into perspective it already has close to 10 million customers worldwide, a number which grew 40% last year. Like many in the online market its growing, attracting more customers which attracts more artists and that in turn provides a greater range which underpins more re-occurring purchases! A whopping 9.26% short position could easily see this stock squeeze up towards $6.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM likes RBL around $4
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