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...
Just a couple observations... - DC hasn't to date added any...
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Mkt cap ! $248.8M | |||
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