Good on them for getting this out quickly Challenging retail...

Good on them for getting this out quickly

• Challenging retail trading conditions continued, with all states experiencing negative comparable store growth in q3 NOT GOOD
• Given fall in projected earnings per share, and working capital requirements, company is unlikely to declare a final dividend. THOUGHTS?
• Company is unlikely to declare a final dividend
• Despite below expectation sales performance, company has been actively managing its inventory position through half. IRRELEVENT.....UNLESS SO NP IS WORSE THEN?
• Underlying customer numbers continue to be below same time as last year, resulting in negative underlying comparable sales of about 4% for half year to date RED FLAG HERE RETAIL WIDE
• Sees full year net profit about $12.5 million HMM, WOULD YOU GIVE ODDS ON THAT?
• Promotional activity has not generated incremental foot traffic required to grow comparable sales YOU CAN GO TO 8 DAY A WEEK TRADING IT DOESN'T MAKE MORE SALES