re: Ann: Ceasing to be a substantial holder f...
Once again I'm gonna be picky Ocker... $53 mil was paid down of which $15 mil came from "a" capital raising. Meaning $38 mil was repaid from cashflow. Still "A"wesome.
I like your posts Ocker.
I think forecasting a 12.7% percent drop in sales yoy is a bit harsh when most pundits are looking at +5 to -5% for the sector. Most retailers on the market are weak not because sales are plummeting (they're mostly flat - like for like store sales are declining) but on the translation of sales to profit, ie. expenses through the roof because they've been adding stores.
Given how MCP operates their side of the business I also don't think it's fair to lump it in with the retail sector.
MCP Price at posting:
$2.97 Sentiment: Buy Disclosure: Held
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