Yeah, it's a shame cause I hoped for more but expected almost exactly that......at least they got profit to pay bank interest and the tax man
They had two main problems in the half trading wise: people thought they were another Kleenmaid, about to take deposits and go out of business....so confidence in them was down for more than half of the half
And, in the last year, they had a fire sale on their inventories hoping to stave off the banks.....but then they realised the fraud........and so had a non-optimal inventory mix for what they intend to be a growing business.
The bright spot is this business can still walk it.....and in this half they paid for what is a very expensive e-business to set up...that could be a big growth engine
I'm pretty happy.....I don't think the market will be too happy but it won't take long for this share price to rise
CPR Price at posting:
37.0¢ Sentiment: None Disclosure: Held
