They said is it about $2 million to open a new store...so have cash for another 130 stores. Cash reduced by $20 million last half, but they open 16 stores using.
They aim to do 30-40 new stores pa. At this rate they will run out of cash before they get to about 500 stores, or they slow down and do only 10-20 stores pa after they hit 450.
Unless they raise money, or profitability drastically improves it will take 25+yrs to get to 1000 stores
They said is it about $2 million to open a new store...so have...
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Last
$29.01 |
Change
-0.030(0.10%) |
Mkt cap ! $2.978B | |||
| Open | High | Low | Value | Volume |
| $29.10 | $29.34 | $28.80 | $19.43M | 664.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1574 | $28.94 |
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| Price($) | Vol. | No. |
|---|---|---|
| $29.12 | 522 | 1 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| GYG (ASX) Chart |