If there is one thing we have seen over and over again with TRS, it's that the market reacts heavily to no information. We have seen this all the way from $3.50. Prior to the feb results, the price declines were all attributed to terrible half year trading, insolvency risks etc, all of which proved to be completely baseless. At the very least, the lack of any announcement suggests they are broadly on track with guidance (and more likely to announce a slight miss to the downside than the upside). In any case I bought some more today as despite having a overweight position in TRS, it's a risk I'm comfortable taking at these levels. Looking forward to the full year results. PS I dropped into a TRS store on the weekend and had to wait in a queue of about 10 people - it's just anecdotal but good nonetheless.
TRS Price at posting:
$6.20 Sentiment: Buy Disclosure: Held
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