$2.7 will not go through.
Equity at $5.5 with no debt. Profitable business.
I think it should be $4 minimum right? If xmas trading will be strong and they deliver $12-$13 mil npat then we are back to $4.5???? They assumed 10-11 mil npat if -4% sales decline continues through all 6 months of H1... I doubt this will be a case....
TRS Price at posting:
$2.88 Sentiment: Buy Disclosure: Held
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