03-14-2021, 05:04 AM
Redbubble - RBL.AX - PoD marketplace analysis and discussion
<!-- SC_OFF --><div class="md"><p>I want to bring to your attention: Redbubble ticker: RBL.AX</p> <p>Edit: </p> <ul> <li><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh">CEO buys</a> 2 million (AUD) worth of shares after earnings</li> <li>Listed on <a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL">S&P ASX 300</a> from March 21 open</li> </ul> <p>​</p> <p>If you are not familiar with the company, they are an Australia-based online custom print-on-demand marketplace, (selling to the US and UK/EU predominantly), which in my opinion was very well positioned at the beginning of the pandemic, which gave it even more momentum forward.</p> <p>I personally use them both as a customer and as a seller and am well impressed with both the seller interface and the quality of the goods. I got super interested now that the company posted their half-year report (apparently they don't do quarterlies at ASX) , which is the best in their history. +96% revenue growth, pre-tax profit up 118%, went long after I read it and the price dropped</p> <p>HY Report (Feb16): <a href="https://shareholders.redbubble.com/site/PDF/6134ef6a-590d-40ff-a58a-2e8df3c4aca4/InvestorPresentationHalfYearReportandAccounts">https://shareholders.redbubble.com/site/PDF/6134ef6a-590d-40ff-a58a-2e8df3c4aca4/InvestorPresentationHalfYearReportandAccounts</a></p> <p>Also there seem to be some pretty strong things going for them. My favourite: the CEO buys shitloads of shares and the company will be added to S&P ASX 300</p> <p>sources: <a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh</a></p> <p><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL</a></p> <p>​</p> <p>Here are my views on Redbubble</p> <p>PROS:</p> <ul> <li>ZERO debt - £130m cash balance</li> <li>36% insider ownership (before CEO purchase)</li> <li>CEO spends 2 million AUD to buy shares after Feb earnings report (1.6m on loan, 400k out of pocket)</li> <li>Record braking HY report, all I see is growth and potential</li> <li>Operating expenses only up 23% vs 96% revenue growth, so they are becoming more efficient</li> <li>Massive affiliate marketing that seems to have traction // I DO mean massive if you search for passive income on Youtube, I bet some of the top hits will tell you to sell on Redbubble</li> <li>Actually making profit // first year of profit posted in the report, 42m vs -2m</li> <li>good market interface for both sellers and buyers // with good quality merchandise</li> <li>great customer experience and reviews</li> <li>Still relatively small 1.6B cap, a lot of room for growth IMO</li> <li>CEO said they won't pay dividends but reinvest everything for growth</li> </ul> <p>CONS:</p> <ul> <li>Price of stock grew significantly since the 2020 bottom</li> <li>You might be exposed to multiple currencies - Their base is in AUD but predominantly sell in USD,GBP,EUR</li> <li>Price slid after the earnings report and positive outlook from CEO (WTF?), maybe anticipation was even higher?</li> <li>Trades @ ASX so might not be accessible for everyone. Market sentiment might also be different</li> </ul> <p>Morgan Stanley had been quietly buying up 5% for a Japanese bank from October to mid-Feb. Not sure if this has any significance</p> <p><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210218:nASX7KC9mn">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210218:nASX7KC9mn</a></p> <p>What are your opinions?</p> <p>PS: No financial advice and also long in the stock with a few hundred shares</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/inverted_mushroom"> /u/inverted_mushroom </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/m4dnp3/redbubble_rblax_pod_marketplace_analysis_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/m4dnp3/redbubble_rblax_pod_marketplace_analysis_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I want to bring to your attention: Redbubble ticker: RBL.AX</p> <p>Edit: </p> <ul> <li><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh">CEO buys</a> 2 million (AUD) worth of shares after earnings</li> <li>Listed on <a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL">S&P ASX 300</a> from March 21 open</li> </ul> <p>​</p> <p>If you are not familiar with the company, they are an Australia-based online custom print-on-demand marketplace, (selling to the US and UK/EU predominantly), which in my opinion was very well positioned at the beginning of the pandemic, which gave it even more momentum forward.</p> <p>I personally use them both as a customer and as a seller and am well impressed with both the seller interface and the quality of the goods. I got super interested now that the company posted their half-year report (apparently they don't do quarterlies at ASX) , which is the best in their history. +96% revenue growth, pre-tax profit up 118%, went long after I read it and the price dropped</p> <p>HY Report (Feb16): <a href="https://shareholders.redbubble.com/site/PDF/6134ef6a-590d-40ff-a58a-2e8df3c4aca4/InvestorPresentationHalfYearReportandAccounts">https://shareholders.redbubble.com/site/PDF/6134ef6a-590d-40ff-a58a-2e8df3c4aca4/InvestorPresentationHalfYearReportandAccounts</a></p> <p>Also there seem to be some pretty strong things going for them. My favourite: the CEO buys shitloads of shares and the company will be added to S&P ASX 300</p> <p>sources: <a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nASXbSl4sh</a></p> <p><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210312:nASX3B9dhL</a></p> <p>​</p> <p>Here are my views on Redbubble</p> <p>PROS:</p> <ul> <li>ZERO debt - £130m cash balance</li> <li>36% insider ownership (before CEO purchase)</li> <li>CEO spends 2 million AUD to buy shares after Feb earnings report (1.6m on loan, 400k out of pocket)</li> <li>Record braking HY report, all I see is growth and potential</li> <li>Operating expenses only up 23% vs 96% revenue growth, so they are becoming more efficient</li> <li>Massive affiliate marketing that seems to have traction // I DO mean massive if you search for passive income on Youtube, I bet some of the top hits will tell you to sell on Redbubble</li> <li>Actually making profit // first year of profit posted in the report, 42m vs -2m</li> <li>good market interface for both sellers and buyers // with good quality merchandise</li> <li>great customer experience and reviews</li> <li>Still relatively small 1.6B cap, a lot of room for growth IMO</li> <li>CEO said they won't pay dividends but reinvest everything for growth</li> </ul> <p>CONS:</p> <ul> <li>Price of stock grew significantly since the 2020 bottom</li> <li>You might be exposed to multiple currencies - Their base is in AUD but predominantly sell in USD,GBP,EUR</li> <li>Price slid after the earnings report and positive outlook from CEO (WTF?), maybe anticipation was even higher?</li> <li>Trades @ ASX so might not be accessible for everyone. Market sentiment might also be different</li> </ul> <p>Morgan Stanley had been quietly buying up 5% for a Japanese bank from October to mid-Feb. Not sure if this has any significance</p> <p><a href="http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210218:nASX7KC9mn">http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210218:nASX7KC9mn</a></p> <p>What are your opinions?</p> <p>PS: No financial advice and also long in the stock with a few hundred shares</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/inverted_mushroom"> /u/inverted_mushroom </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/m4dnp3/redbubble_rblax_pod_marketplace_analysis_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/m4dnp3/redbubble_rblax_pod_marketplace_analysis_and/">[comments]</a></span>Kind Regards R