Brazin Limited

By Intelligent Investor · 18 May 2001

By Intelligent Investor ·
18 May 2001

Recommendation

Brazin Limited - BRZ

Current price

$1.80 at 00:00 (25 January 2007)

Price at review

$1.43 at (18 May 2001)

All Prices are in AUD ($)

A new MD has been appointed to take care of this youth oriented consumer business. Ian Duffel (we'll call him 'Bag') has plenty of past experience having worked at Virgin, Sony and HMV. The stock has moved up 8% since our last review in issue 75 (Hold for the Upside - $1.34) and although we have always liked Brett Blundy's Brazin, the sentiment is still negative. Sanity.com remains the biggest problem with its share price now at $0.16, although in the scheme of things it doesn't account for much revenue or cost-wise. Although we're tempted to switch to a more favourable recommendation, continue to HOLD FOR THE UPSIDE as signs indicate that retailers could begin to enjoy higher margins sooner rather than later.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Brazin Limited

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Brazin Limited

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