Looked at the net-net company w/ a minus EV in the weekend. But still have some margin of safety concerns.
#1 Performance highly related with performance at the box office, which is not predictable.
#2 There was a consecutive 3yrs loss from FY18-20, which made dividends pended with stock price plummeted by 90%.
#3 YoY growth of FY24 would probably at LSD-LDD, with a possibility of negative growth. With a rigid administration expense, bottom line drops morr significantly to sales.
At HK market, a certain stock could be wipe out by 50% or more market capitalization within one day.
Just wonder do you see any solid catalysts for FY24H2?
Hey, thanks for your comment. For H2 they will definitely be facing some tougher comps. However, I do have the feeling that the market is expecting this. They recently won the licensing agreement for Power Rangers and the "Winx Club" series. So some comments about those projects could help the stock, despite weaker H2 results.
Looked at the net-net company w/ a minus EV in the weekend. But still have some margin of safety concerns.
#1 Performance highly related with performance at the box office, which is not predictable.
#2 There was a consecutive 3yrs loss from FY18-20, which made dividends pended with stock price plummeted by 90%.
#3 YoY growth of FY24 would probably at LSD-LDD, with a possibility of negative growth. With a rigid administration expense, bottom line drops morr significantly to sales.
At HK market, a certain stock could be wipe out by 50% or more market capitalization within one day.
Just wonder do you see any solid catalysts for FY24H2?
Hey, thanks for your comment. For H2 they will definitely be facing some tougher comps. However, I do have the feeling that the market is expecting this. They recently won the licensing agreement for Power Rangers and the "Winx Club" series. So some comments about those projects could help the stock, despite weaker H2 results.
Thanks, Sebastian🤝