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ATG - Articore Group

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It has been spoken about, just not here but in other topics with a few of buying in at some stage, but mainly in members talking about portfolios such as here, here, here. I was put onto it by an artist friend some time ago and can't sell it now without fear of offending her.
Probably just too much of a boring consistent improver for comment.
 
what a free fall today. Market did not like the report and missing targets.
Could some transparencies be there while going for a hype.
TOmorrow it could be worse after all so called market pundits reader the fine prints.
 
A recent buy. Purchased for about 3.60 per share. Price seems very reasonable after the big recent sell-off. I think this is a tech company with great potential and available at a reasonable price.
 
peter2 said:
There's something not right with RBL. Their previous update 23 Oct 19, states that everything is going as well as expected. Now less than 2 months later they report poor sales and increased competition.
Plus stock prices don't get hammered by 43% for slowing sales. They might lose 20%.
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Oh yes they do. At least with Redbubble.

Redbubble achieves improved operating and financial momentum in 4QFY22

(tried to understand the screed, but if this is what happens when things are going well, then please don't let me near if things slow down !!)


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Clearly the market thinks there's something's un-investible with RBL.
Do the market insiders know something that's not been reported by management?

RBL only lost $24.6M this year down from the $31M loss last year.
 
I think the market is reacting to exactly whats been reported by management, @peter2.
(they made a $31m profit last year, not a loss.)

RBL has been a serial disappointment for SH's, over promising and under delivering.
 
Whoops, sorry to mislead on the profit/loss.
I've never traded RBL as I've not understood their underlying business (along with the fundamentals :)).
 
peter2 said:
Whoops, sorry to mislead on the profit/loss.
I've never traded RBL as I've not understood their underlying business (along with the fundamentals :)).
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My understanding of it is that they produce a wide range of what in the entertainment industry would be termed merchandise.

That is T-shirts, hats, water bottles, bags, stickers, mouse mats, cups, notebooks and anything else you could possibly print something onto.

Except that what they're printing is on behalf of someone else. That it, an artist uploads their art or photography or whatever and it's then available for customers to purchase in the form of being printed on a T-shirt, mug or whatever.

So they're a middleman of sorts. Someone uploads content, that is artwork, and others can view it and buy it in the form of a printed item.

Personally I can see a market for that but I'm not convinced it's big enough to support a listed company with all the business overheads and so on. It's basically just a printing business after all - someone else produces the artwork, uploads it and customers buy it. All Redbubble does is run the website and physically print and dispatch the items.

Closest thing I could compare it to is, say, YouTube or any online music platform that enables unknown movie makers or bands to make their work available to a larger audience. Nothing stops this Smurf from making a movie and putting it on YouTube. Nothing stops me from producing some art and putting it on Redbubble.

What it's not is a regular printing service. If I had some sort of business or a band and I want my logo printed onto T-shirts or water bottles that I'm going to give out to customers or sell at shows or whatever well then Redbubble isn't really the place for that. There's plenty of small businesses doing that already. Redbubble is the place if I want to sell it to any random person online and have no physical involvement.

In terms of competitors, realistically they're competing against every other fast fashion retailer along with people selling bags and cups and so on. If the customer doesn't buy a printed T-shirt from Redbubble then they're going to buy one with some other design on it from somewhere else.

That's my understanding of the business after some research but it's definitely not financial advice and may well contain unintentional errors or omissions. It's just my understanding of the business. :2twocents
 
Great description of the RBL business @Smurf1976 .

I couldn't find anything remotely similar to compare to RBL on the asx. However US market has a similar player Etsy. So I had a look at their share price performance comparison. Looks very similar with the exuberant rise to fame in 2020 and going the other way since...

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PS: Etsy price chart in orange and Redbubble price chart in blue.
 
Picked for 2023 yearly competition.

Share price decline this year has been brutal and I think there is a good chance that it might recover a bit next year. Technically it's sitting near the all-time-low support level as well...

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