That is probably was of the most sensible posts you have ever made on TRS CP. Keep that up and you will have to change your name to sensiblepunter.
Simple question is I don't know. For memory (I cant be bothered to look it up) they put $1.0 m in the accounts at the half year and f'cast another $6.5m for the full year. ie $7.5m for the full year accounts in 2016. That is a sh1t load of money for TRS. Part of me says because they have flagged this it should not be a problem (ie already built into expectations). The other part of me says it will cause an immediate backlash by the average punter and drive the share price down. Bottom line is I don’t know.
As I have said before I am not a fan of the new distribution centre but they are full steam ahead now and fingers crossed they don’t stuff it up. My view on TRS is the base line support is $12.00. I believe the share price will start to move up over the next 8 weeks as we get closer to the results. I will sell on the way up and keep about half for the announcement. I still believe it will be a very good number with same store growth at about 4%(Any other bricks & mortar retail doing that?). This is what will get the punters excited and have the SP around the $14 to $16 . Anyway that’s the plan - what could possibly go wrong???
That is probably was of the most sensible posts you have ever...
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