With a loss of $0.127m, OLI needs a NPAT of $2.5m in H2. I think that's doable.
They sold Bulahdelah and Maryborough for a total profit of $2.02m before costs. Even factoring in these costs and the expenses from leasing back the land, the sale will certainly help them achieve their profit targets. The new stores scheduled to open, and the greater-than-forecast sales growth and gross margins, will also help.
OLI Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
