Ann: Notification of Quarterly Results & Investor, Revised, page-54

latest Wilsons report only confirms what they have previously advised - calculating a significant cash burn through to and including f/y ended 30 June 2026, at which time the company will only have a few million in the bank.

Anyone thinking that the Wilsons report was "positive" needs to look more closely.

There is no evidence before me that suggests sp will significantly rerate up before another 12 months has passed.

I can see the sp sink further given the significant cash burn , underwhelming program of cash savings , and lead times for sales we keep being fed. Quite frankly I'm a little surprised the TP is that high.