retail sector, page-7

There should be no doubt for those that know this business......that they do have a great Victorian business.....that has traded well for a very long time

If you see their financials, recently after floating, you may observe the Victorian business in full flight.....which saw the stock price hitting round $3.50.......only a relative few years ago

What happened after that.....well yes......expansion....geographic diworsification

The worst being NSW which starting off like a loss making stone and has been improving.......pretty much everybody admits the NSW stores are pooly located

What the point? This is actually quite a large retail business now which gives massive operational leverage if they get it right

And incredible potential for shareholder returns......they will not turn it around overnight.....but as long as they don't issue shares and trade near/over breakeven.......the probability of cyclical upswing and business evolution increases