Hi all,Well it's been 8 months since Mark Armitage took the...

Hi all,

Well it's been 8 months since Mark Armitage took the reigns of the Retail Division. We have a new store which opened this month with another due to open in January. A couple of other stores have been refurbished with further refurbishments planned. Fingers crossed management can achieve sales and profit projections. Considering the market capitalisation of the entire company stands at just over $4 million, we should see an instant re-rating should management achieve their objectives. Bring on the rain ! :)


2007 Sales forecast $42,725,000 - EBITDA $2,902,000

2008 Sales forecast $50,900,000 - EBITDA $3,800,000

Any thoughts ?

Cheers,
xmagx