News: Reject Shop flags further expansion , page-18

Market was expecting 89 cps for the full year, and now guidance is for about 61 cps. So down about 31%. I think there might be some rerating of the PE ratio too. API is on about 13x - as an example. 13 x 0.61 = $7.93. That is probably way way too negative - but you can see how it could have a long way to fall from here.

Also management is "doubling down" by opening more stores - i.e. that could be a double edged sword.

I had to short it, as I think the market is still in denial about what the SP should be.

GLTA - hope for many holders that I am wrong.