TRS is not for the faint-hearted at this stage.
Every company on the planet goes through good and bad times, the question is if they can recover or not. I'm taking a punt and saying with Allensford's influence yes - without them, I would've sold my remaining holdings last year.
Rich people get rich for a reason. Attempting a take over of $60M + for one of Australia's most recognisable brands with one of the widest distribution networks in the country is a calculated decision, not a punt.
Large dollar values are hard to visualize, so can always apply a different perspective and work out what else you could do with that $60M to see if it is a good deal or not. $60M will buy you 50 houses in Sydney's West, that's approximately 7 stores per house. I'd hands down buy an "independent" Reject Shop store, franchise style, if they'd sell it to me for $170k (eg what each store is worth at current market cap). If I visit my business broker and look at similarly sized but independently owned discount stores, they're selling for around the $500k mark without the brand or distribution network if they wish to grow, but obviously lower overheads. These are valued similar to when TRS traded around $6 for years.
Declining sales can be reversed, but it takes a lot of time and money to set up a far reaching network like TRS.
If the new board can increase the same store sales our pain will be worth it.
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Last
$3.11 |
Change
0.010(0.32%) |
Mkt cap ! $116.2M |
Open | High | Low | Value | Volume |
$3.12 | $3.18 | $3.11 | $51.83K | 16.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4998 | $3.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.18 | 4239 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4998 | 3.110 |
3 | 14900 | 3.100 |
1 | 1000 | 3.090 |
2 | 1000 | 3.080 |
1 | 1100 | 3.070 |
Price($) | Vol. | No. |
---|---|---|
3.180 | 3639 | 2 |
3.190 | 995 | 2 |
3.230 | 200 | 1 |
3.250 | 1537 | 1 |
3.330 | 9316 | 1 |
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