It was a disappointing second half result but they did come out with a result very similar to their forecast that they made in April. What I liked about todays comments is this forecast which appeared at the bottom of their media release statement:
“With the return to positive comparable sales growth planned for the half, the Company expects to report an NPAT in the range of $16 million-$17 million in the first half of FY2018”.
If they can come out with a result as good as that, I reckon the share price could go back to $7.00. In February this year when they announced a first half profit of $17.5m the share price was $7.64. I bought today at $4.03 after reading that statement
GPASAS
News: TRS Reject Shop full-year profit drops 27.8%, page-8
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