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An update from Redbubble ( (AU:ATG) ) is now available.
Articore Group’s Board is urging shareholders to vote against all resolutions at the upcoming Extraordinary General Meeting, as a small group of shareholders seeks to replace the entire Board. The current Board, which has been implementing a successful turnaround strategy, argues that the proposed changes could disrupt the positive momentum and operational efficiencies achieved, including the strongest fourth quarter in five years and a significant EBIT turnaround. Proxy advisers also recommend voting against the resolutions, finding no compelling case for the proposed Board changes.
The most recent analyst rating on (AU:ATG) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Redbubble stock, see the AU:ATG Stock Forecast page.
More about Redbubble
Articore Group, formerly known as Redbubble Limited, operates leading global online marketplaces Redbubble.com and TeePublic.com. The company facilitates a community of creatives selling unique designs on products like apparel, stationery, and home decor, allowing independent artists to profit from their creativity and connect with a broad audience.
YTD Price Performance: -7.14%
Average Trading Volume: 444,074
Technical Sentiment Signal: Sell
Current Market Cap: A$73.61M
See more data about ATG stock on TipRanks’ Stock Analysis page.