Three months to go and PGR forecasts 17/18 EBIDTA of $10-13m. ($8.3m at Dec 17 half year, so times are tough)
In an environment of weak consumption and retailer collapse, anyone making a profit is a legend!
The Russell Athletic brand is an interesting addition as fit-wear is one of the few apparel areas showing any strength. I have high hopes for the swimming costume business as the young 'uns have to have the latest styles and the designer with the right goods can do very well.
No debt. It looks able to maintain dividend at 1.5c.
The share price is currently just above lows in PGR's short public history. Seriously considering another parcel.
This is a small company by ASX standards. Expect volatility. DYOR!
Ash
PGR Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
