Business
Here’s why the Bubs (ASX:BUB) share price crashed 40% lower in 2020
The Bubs Australia Ltd (ASX: BUB) share price was a very disappointing performer in 2020.
Over the 12 months, the goat milk infant formula and baby food company’s shares lost a massive 40% of their value.
Why did the Bubs share price crash lower in 2020?
As with its larger and profitable rival A2 Milk Company Ltd (ASX: A2M), 2020 was a tale of two halves for Bubs.
At one stage the company’s shares were up 19% year to date to a 52-week high of $1.19. Investors had been buying its shares after it delivered a strong third quarter update for FY 2020.
That update revealed record quarterly revenue of $19.7 million, which was up 67% on the prior corresponding period and a 36% lift on the second quarter.
But what was getting…
-
Noosa News23 hours agoFarm owner cleared of all charges over worker’s electrocution
-
Business23 hours agoWhy have shares in the Gina Rinehart-backed Arafura Rare Earths entered a trading halt?
-
General20 hours agoHumpback whale found dead tangled in shark net at Coledale north of Wollongong
-
General22 hours agoCoal worker charged over death of Luke O’Brien at BMA Saraji South mine