Australian (ASX) Stock Market Forum

KDY - Kaddy Limited

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Had entered after last post.
Exited on today's pop bar.
May carry on, worth a watch.

Screenshot_20210715-021255.png
 
10 August 2021 ASX Announcement

COMPANY UPDATE
HIGHLIGHTS:

• DW8 successfully completes Parton Wine Distribution acquisition

• WINEDEPOT LOGISTICS expands Adelaide presence

• WINEDEPOT LOGISTICS ships 30,468 cases in July (new record high, see chart below)

• WINEDEPOT CONNECT signs up 24 new suppliers

• WINEDEPOT DIRECT to launch eBay & Amazon integrations

• WINEDEPOT MARKET taps latent demand despite ongoing lockdowns

Screenshot_20210810-131515.png
 
DW8 is still burning through cash. Despite the increased sales they burnt through $1.5mil last quarter and only have $6.0mil left in the kitty. Another cap raise looks on the cards in the next 3 to 6 months.

Currently with 1.7bil shares on issue for a market cap of $130mil, it's not cheap. Another cap raise is going to have them approaching 2 billion shares on issue

Latest announcement advised they were moving from monthly updates to 3 monthly updates. A cynical view would suggest this means saving up all the good news for a quarterly report, getting a bump in the share price and then announce a cap raise.

Any run up in the share price in the short term can only be based on potential of what it might be one day. Notwithstanding there could be a quick trade in this if you can pick the timing of the cap raise.
 
Beaches said:
Latest announcement advised they were moving from monthly updates to 3 monthly updates.
Click to expand...
I wouldn't expect that to stop them announcing the eBay and Amazon integrations separately though.
One would expect both of those events to be market sensitive and thus required to be disclosed in a timely fashion before the next scheduled update.
Held and considering this for September comp.
 
frugal.rock said:
Dang, hit my stop loss today so it had to go.
Will try to keep a watch on it for a reversal.
Not happy Jan...
Click to expand...
Was livid about my loss on this one so was keeping a close eye on it, just waiting to pounce on it for a revenge trade...
Some vengeance received yesterday, hasn't covered the loss though, which got away from me, slowly.
Will be watching today for a continuation of yesterday's run of around 20%. Closed on strength...

Screenshot_20210916-094453.png
 
basilio said:
The competition.
Click to expand...

it's a jungle out there
Online alcohol sales in Australia are still only 9 per cent of the total (up from 5.5 per cent in 2016)
Click to expand...

and some new aspirant,...... "BoozeBud reckons its positioned to capture the shift of shoppers from old-school bottle shops to online.....
Online alcohol retail is also a crowded space, with many sub-scale operators, which BoozeBud reckons will have to consolidate."

Online bottle shop BoozeBud has bought Get Wines Direct, an early mover in the segment. The acquisition gives seven-year-old BoozeBud about 200,000 active customers and $80 million in combined annual revenue. .................. BoozeBud is currently appointing IPO advisers.

drum roll, who's next?
 
Did a chart for this on another thread, may as well put it up here. I am looking at drawing horizontal support lines using Volume spikes. It is something new for me but so far it is looking quite positive.

Volume-Price-Patterns-Context & Catalysts, an Application to Trading Stocks

Personally, I prefer to read and search rather then pollute this cyberspace with trivial questions, but please know you're making a difference to my share trading education. Hi Jon, just wanted to make a quick point here. Questions are vitally important parts of threads like this one. Some of...
www.aussiestockforums.com www.aussiestockforums.com

DW8 price projection.png
 
frugal.rock said:
Is the bottom in?
Doesn't Santa drink wine, or is it all milk and cookies...?
Click to expand...
I just saw your chart FR. Are you seeing the same thing I am seeing? I just put it down to the generous glass of Double Black JW I just imbibed!

Could this be the bottom of a bullish Cup & Handle pattern? The only indicator which might be the least bit positive is a slight bump up in the volume. I am playing with volume and know almost less than nothing about it other than bottoms and tops sometimes display a volume increase, which just happened here. It is riding a well-trodden path which was a very long consolidation prior to the meteoric rise and then fall.. Looked like a pump and dump to me but who knows it might be OK. Time will tell!

DW8 C&H 11.2.22.png
 
Ann said:
Could this be the bottom of a bullish Cup & Handle pattern?
Click to expand...
It could be, however I don't see anything good looking about the chart, yet.
I don't see anything in the volumes that gets me excited?

Both DW8 and TWE sitting in oversold RSI areas though, but I'm not sure about macro FA that would warrant that changing any time soon.
I'm sure discretionary spending is tightening up and the whole online shopping thing I suspect is slightly unfashionable again as we appear to be on the back nine of covid. I think people are keen for the novelty of getting out there and doing the buying in person.

Having said that, and as @Dona Ferentes pointed out, online shopping of alcohol only accounts for ~ 9% of the market, so there is definitely room for some decent growth.

If DW8 doesn't move upwards before the next quarterly, I would expect it to do around the quarterly, or after, if it's going to.

They made the point in recent quarterly that the "Kaddy" acquisition and sales only included a small portion of the sales, so who knows. I got the impression next quarterly results should be much better, but that may be wishful thinking as I was holding, but not now.

The market however, appears to have its own direction and a little piddler like DW8 is going to need some good news or another pump I suspect.
 
Looking like a bottom has formed. Not convinced by the low volumes though...?
I am holding some on a long term basis.
Screenshot_20220317-133239.png
 
frugal.rock said:
Looking like a bottom has formed. Not convinced by the low volumes though...?
I am holding some on a long term basis.
View attachment 139165
Click to expand...

Yes it is looking like that, but like you I am not convinced. Reason announcements have given more hope, it the current economic issues and increasing competition that I'm watching closely.

I also hold a small amount, one of my penny stocks.
 
A bit late, but just found this.
Will be watching bit closer.
I might add to the holding?
I believe this stock was as some point receiving attention on Reddit or something. Extreme caution required imo.

Screenshot_20220412-013824.png
 
The bottom for DW8 ended up being 1.3c reached in mid-June, but the share price now appears to be recovering and today is back over 2c.

The below announcement was released today which will delay any capital raising and give the company some breathing space in order to scale the Kaddy platform. Management had better get a move on and start to repair the damage done by the disastrous 15 month share price decline that started in early April last year. 17.5c to 1.3c is a very rough ride downhill.

DW8290722.png
 
Had to track this one down... didn't even know it had changed names again. I wonder how this mob is going? Haven't bothered to check, but I suspect the minnows are still finding it hard, or impossible.

Meanwhile :
Online alcohol retailer BoozeBud has collapsed, becoming the latest in a growing list of businesses to call in administrators. The company announced via its website it would no longer taking orders on Tuesday.

The directors of Boozebud Holdings Ltd and Pocko Pty Ltd appointed Michael Brereton and Sean Wengel of William Buck as voluntary administrators of both companies.
 
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