Hobart store opened just in time for Christmas trade as well, should be some great cashflow!
Lower interest cost, higher revenue, costs taken out of the business should all be powerful factors going forward.
NPAT can go anywhere management want it to with so many things happening at the moment but there is going to be a point where they can't hide the strength of the business.
Going through all the info from the raising and previous results I found around $10m "wiggle room" created by the accountants in an effort of the new management to take the credit for the coming turnaround when in truth it had already begun bearing fruit (slowly).
Extremely strong balance sheet and a cashcow of a business, time for being short has well passed and I hope they are unwound in a very undignified way
MYR Price at posting:
$1.15 Sentiment: Buy Disclosure: Held
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