TRS
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8.31% $3.39 the reject shop limited

Ann: Change in substantial holding, page-5

  1. Prodigalson7
    1,435 Posts.
    lightbulb Created with Sketch. 179
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    15/04/20
    17:59
    Post #: 44061455
    Looks like it just got sold off with the rest of the market and I have bought because i believe it can return to the highs soon. Business is doing well and if they can show a NPAT of $20m for the full year we can apply a higher PE to a business like this which bring me to a MC of about $300m. I've been monitoring stores around Sydney and am liking what I see (I work in retail). I am getting ready to buy my third parcel but i also have a stop loss in if it goes the other way. Trading looks good to me and hoping to see the breakout soon. I don't believe the market has bottomed but I DO believe that certain stocks have bottomed. Like the reject shop. Not to mention the best performing stock on the US market at the moment is Dollar General, a similar business.

    Strong buy.
    Last edited by Prodigalson7: 15/04/20
    TRS Price at posting: $2.76 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
$3.39 		Change
0.260(8.31%) 		Mkt cap ! $127.6M
Open High Low Value Volume
$3.13 $3.39 $3.07 $492.8K 154.0K

Buyers (Bids)

No. Vol. Price($)
1 1 $3.35
 

Sellers (Offers)

Price($) Vol. No.
$3.40 1460 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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