1. Most Discussed
  2. Gainers & Losers
FUN 8.1¢

Gerry Havey; ’Que Sera Sera’

  1. Teensy

    10 Posts.

    In my post about the house of not so much Fun, back in November I was not predicting bad Christmas results. I was simply following the retail industry cycle and understanding that Christmas stock is by now with retailers, hence it is over and the results are essentially in the bank.

    So… 2015 fiscal year results are not promising! Stay tuned for the customary ‘warning’. Logic tells us that the industry is focused on the last quarter previous to Christmas to generate much of its activity. So far as I know there is no Christmas for another 10 months.

    Here are some of my concerns I would like to share;

    Either a very interested party is keen to take it off the market.
    With disinterested key shareholder (refer recent interview with Gerry Harvey essentially saying; Funtastic….’Que Sera Sera’), It is than an opportune time to delist. Not good news!

    A turnaround is imminent……? Highly unlikely, as the actions to turn the organization around and change it’s failing DNA, should have taken place at least 2 years in advance.

    The only redeeming sign is their focus on global markets. However, given their product forecast and presentation at the AGM, I sense lack of direction, which puts a massive question mark in front of that option as well.

    I suggest the mix around the boardroom table does not work. Any sign of some tiding up? You cannot blindfold your key shareholders for much longer, or can you……..?

    Light at the end of the tunnel? Not for a long while. For shareholders this is a real nerve tester. Let’s wish them all the best.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.