TRS the reject shop limited

Ann: Pre AGM Trading Update, page-13

  1. 2 Posts.
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    The reduction in share price today is simply reflecting the adjusted EPS and matching the 7-8 x forward P/E. I can't see any reason for a positive breakout anytime soon primarily because analysts will expect another downgrade before their sentiments turnaround.

    I am currently reading some Analyst Reports from my trading platform posted within the last week which all recommend "BUY" and "UNDERVALUED" and that was when the share price was $4.50.!!!

    Why anyone pays for or takes any notice of this advice is beyond me.

 
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