There will be some progress, hopefully a loss of no more than $2m, but they should have some incoming cash to help get them through into the next year when margins should finally be getting things back to break even.
They've put up two of their distribution hubs on the market, based on the rent should bring in roughly $2.5-$3m:
https://www.realcommercial.com.au/for-sale/property-10-sunmont-street-derwent-park-tas-7009-504177867
https://www.realcommercial.com.au/for-sale/property-9-11-montagu-street-invermay-tas-7248-504178531
The short leaseback on the Invermay is interesting, suggests they at least have an idea of consolidating that low volume location elsewhere.
There will be some progress, hopefully a loss of no more than...
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $8.742M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.0¢ | $412 | 20.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61000 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 273444 | 2 |
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| Last trade - 10.09am 26/04/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.0¢ | 2.0¢ | 6930 | ||
| Last updated 10.16am 26/04/2024 ? | |||||
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