Ann: Quarterly Activities Report & Appendix 4C - June 2020, page-22

I'm not sure what is impressive here?

Closed RR business down for 3 month, still collected receivables accounts for net cash but what's the net loss of real business? The book's running down and they've only just relaunched the website to drive their new online venture. It appears to be a partnership with Kogan and the range is ordinary. Have the optimists been on to see what's there? Not much really attractive, just 2 television sets for example, both of them Kogan brand. Kogan would be supplying and delivery pretty much Australia wide so at a minimum the RR business inventory general operations has been outsourced. I would spec that Kogan himself might have his eye on taking over the brand as he has done several others, rebrand as Kogan Finance and get a flying leap into the BNPL space himself.

At this point I don't see opportunity for clear overhead for at least 12 months:
- RR brand has lost it's dominant position and the multi decades legacy position. The current strategy looks a rudderless shell of a ship trying to find safe harbour
- commercial division still yet to discover just how the Covid recession is going to bite. Once the stimulus support for business stops in the next few months, with the economy still stale, how will things look for that division.