Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, Congratulations on the new website. Two questions: RBL - Its share price dropped quite a lot since its earning announcement in Feb. Can you share your insight over Red Bubble? WSA - Share purchase plan, if MM was to own the stock, would it take part in the SPP? Thanks, Jack
Hi Jack
On-line artist portal RBL has really only fallen in-line with the tech sector as a whole. The company is growing revenue fast, in Q1 of the current financial year growth was close to +120% while margins also rose, a nice combination. However when the high valuation sectors on the proverbial nose history tells us it can fall further than many expect, just think Afterpay(APT), I like the business but another 15-20% downside this year wouldn’t surprise.
Nickel producer Western Areas (WSA) is on our radar at the moment but with a minimum SPP price of $2.15 I would rather go long in the market more than 5% cheaper!
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