TRS the reject shop limited

Ann: Appendix 4E and Annual Report, page-17

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    Just a couple observations...
    - DC hasn't to date added any benefit, cost of sales & admin costs neutral
    - I was a big advocate for this, but hasn't added value it would seem...
    - $13M debt repaid in H1, though still supported an 11c divvy
    - So the question "TRS are their spare cash" remains
    - Typically all profits are made in H1, last half $17.7M
    - So potential to have $30M in the bank come Feb next year
    - So will be interesting, could probably support a higher dividend by end of next year...
 
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