There is no basis whatsoever to say the share price shall be below $2.The company still has good amount of free cash flow.
We are not in mid70s, like or not, Brick and Mortar Retail is low net profit margin business and will continously be so. The flipside is that having very this high operating leverage, it can engineer healthy profit growth in the future.
Although the result of the first 7 week of H2 is dispointing, I will give it another chance as Australia may face quickly face a property led recession and this shall be very good for TRS.
The key thing is the share price is so damn cheap what can you ask for more? Even if Allensford walks away, I believe there will be other people interested in buying it out.
BUT i do agree that we shall let this board go or half their compensation. LOL.
Ann: Half Year Results Media Release, page-11
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Last
$2.81 |
Change
-0.060(2.09%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.86 | $2.78 | $282.0K | 100.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 4669 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| TRS (ASX) Chart |