TRS the reject shop limited

A very uneventful and sombre report !!Whilst all retailers are...

  1. 1,605 Posts.
    lightbulb Created with Sketch. 105

    A very uneventful and sombre report !!
    Whilst all retailers are reporting huge sales and profits during this period, TRS is more of the same... To me it looks like they will be in their so called "fix" stage for many years.
    In the report it also states the following on their outlook...
    The company is getting everyone ready for bad news for the 2nd half FY21, giving people time to run for the hills ... I can see the share price under pressure in weeks/months to come.

    "While the Company is pleased with the 1H21 result and the progress made so far during the‘fix’ phase of its turnaround strategy, the Company’s first half performance should not be used as an indicator for the second half of the financial year. The Company typically generates a higher proportion of full year sales in the first half and has reported EBITDA and EBIT losses in the second half over the past two financial years.
    The same is expected in 2H21"

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.