RE:RE:RE:2021 Financial Results - Unaudited ?In an ideal world the sp of a company should reflect it's real value however that's not the case with most stocks these days...stock market can be extremely irrational and if you look around you'll find 100's of examples across the spectrum...some extremely overvalued and a few deeply undervalued...I dont think there is a lot that Raj/team can do to influence it but perform/ deliver on their strategy and the sp will eventually catchup. The other consideration is the sector in general which has been beaten down to death, so hiti cant be far away from it (remember we are still really a small company in a nascent sector), so expecting it to go against the broader sector sentiment is equally irrational....finally on the metrics, I agree there is opportunity to improve but then again it's a case of surviving the competition and they've been forward looking and changed their strategy to cater to value segment before the market forces them to do so....I also think the acquisition of ecommerce companies and expansion into US, UK is the right approach to set themselves apart from other retailers and also gain exposure to international markets while improving their margins..I suspect their q1'22 margins will be even lower (expect them to be around 30-32%) and nuleaf and blessed should be able help sustain/improve those in the long run while the b&m bleeds...ultimately this will be a case of building a local b&m set-up, acquiring marketshare by out outpricing competition and leveraging online/ecommerce platforms to increase margin and profitability...worst case scenario am expecting hiti to be bought out at revenue multiples of 3 or more which easily puts us over a billion dollar market cap in next 2 year period....dyodd....glta
ProStreet340 wrote: Paradini,
I am quite disappointed in the dramatic share drop. Even with such great numbers and all the firsts High Tide has - the share price has not shored up. In fact it is driftinting down continuously every day and, with every positive NR.
Not as Bullish you say - hell no, I am Pi$$ed off and would love to see some kind of support instead of allowing such drastic manipulation.
My hard earned savings are in this and I am ready to retire - performance here will determine the outcome !!!
PS340