TRS, H1 guidance and dividends, page-3

I just read your post again pCap cause you always make me think had a coffee (actually three) and flicked through last few half yearlies.

Re cash balances. I know you stated that if they do low end guidance (nonfy divvy too) you expect to have 20mil in a bank by end of dec. thats correct.

But something bigger is cooking if they deliver 17mil npat and market might be sensing it. With all the cost saving initiatives I expect them to kind of repeat last half year operating cash flow: no dc fit out payments, no redundancy, led lights in place etc. so lets say $40mil is doable again as we do not have to be conservative all the time

Hence:
40.0 mil
- 8.0 mil ,(store expenses reduced from 16mil to somewhat bit more than last half uearly as Chairman stated in fy report that store capex to be minimal now)
- 0.0 mil (reduction from 5.5 for no fy divvy paid)
-13.0 mil (borrowings repaid)
+15.0 mil (cash at end of june)
----------
34.0 mil net cash position

Now it seems unreal but realistic. Earnings update would help in next two weeks to close that April gap with a gap