No of Securities Held After Changes: Direct : 2,700,000 units (1.1400%) Indirect/Deemed Interest : 161,386,452 units (68.0400%) Total : 164,086,452 units
They invested heavily in human resources and headcount for various business channels in prior years and we should be seeing a turnaround soon. Looking at the diversity in terms of product selection it is unlikely that they'll find themselves in a Body Shop scenario which is diversification done right. Their products also are a lot more affordable I find with business channels that are waiting to be tapped. The relatively low number of shares issued would also mean greater upside and momentum moving forward with possibly some investments being diverted to promotion and advertising in order to create more noise in their newer brand partnerships. Looks poised for a good couple of years given the decent balance sheet and director confidence towards the company and brands they carry.
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first day breakout with volume