RBL.ASX
Market wrap: US inflation brings glorious rally to an end
After six glorious positive sessions of gains, the ASX 200 finally wilted on Friday in the face of higher US inflation which brought an end to hopes for a lowering of the pressure on interest rates. By the close of trade the ASX 200 had fallen 40 points, or 0.6% down to 7051 points, which […]
Redbubble kickstarts FY24 with a return to positive cashflow
Independent artist promoter Redbubble (ASX: RBL) has announced a return to positive underlying cashflow for the first quarter of the 2024 financial year. The company reported a cashflow of $700,000 to end September, which was up $16.9 million on the same time last year and $5.5 million on the June quarter. Its cash balance hit […]
ASX-listed online retailers were not all created equal
Ongoing lockdowns as a result of the global pandemic may be a boon to online commerce, but don’t presume the unprecedented tide of spending on the part of captive shoppers has lifted all of the ASX-listed ‘boats’. In reality, performance has been varied and it remains to be seen how the sector fares in the […]
Redbubble highlights potential of independent artists after profit surge
Independent artist promoter Redbubble (ASX: RBL) has published a business update for the first quarter of the 2020 financial year in which the company revealed a 43% increase in revenue and a 48% growth in gross profit. In a statement to the market, the company declared it was “increasingly profitable and cash generative”. A key […]
