Ann: FY2019 Full Year Results Investor Presentation, page-3

Apparel is a really tough market at the moment: nobody has any money, retailers are going down like flies, malls are cutting rents.

The repositioning of Designworks to basics has lifted revenues, though not profits.

It sounds disappointed at slow progress in Jets International. Swimsuits is a fickle business.

PGR met its modest guidance, kept the business alive and carries no debt. It is worth much more than its $19.5m market cap. A survivor.

Will we see the price go up? Who can say.

Ash