I have to say that if the end figure is till only 7% I can't get too excited.
I think it's great. That was March figure. They also stated.
That expansion in the bedding area has driven an increase in the average gross profit margins across all markets by over 15 percentage points since the beginning of 2017 and still trending strongly upwards.
Still trending STRONGLY UPWARDS. This will be a result of, as announced, getting better deals in their supply chains due to much higher volume of product and subsequently improved margins for every new client. It's all about critical mass. They are pretty close to cash neutral, any further growth in customer base and margins will see them very quickly become profitable. Regardless of all the hoo haa about dis-satisfaction with directors, you can't argue the on-field progress, all be it a good 6 months or so behind where they probably thought they would be at this point in time (based on past forecasts).
AJX Price at posting:
48.5¢ Sentiment: None Disclosure: Held
