It certainly could be worse and lets hope that with all the bankruptcies going on, the outlook for the survivors should progressively improve over the next 12 months. In terms of dividends, they have $7-7.5m of D&A to cover for the full year, so probably doesnt mean a lot of FY profit to pay dividends from (but I wont complain if one is made). Nonetheless, I'm hoping the results announcement will provide better insight into the standalone performance of swimwear, but also into the cost allocation of the large unallocated costs between Designworks and Review/BP. Unallocated costs of c$11-12m is not justifiable for a business of this size.
PGR Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
