Haven't had an chance to read the entire Report just yet, but on quick reflection, the business has definitely stabilised. All the main metrics are up on the PCP 1HFY19 - which is a major turnaround for this business when we see many of the TRS competitors regally struggling (Kmart, Target, BigW, Harris Scarfe etc). And given that the first 8 weeks of trading has achieved +2.3% growth - where the second half of the year where TRS typically has very flat or negative sales. I think is impressive against a backdrop of drought, bushfires and coronavirus.
With the new bloke at the helm, it was a good time to do a Capital Raise. I think it is an incredible opportunity to get shares (at a knock-down price of $2.70) to further capitalise the business and move forward. This turnaround story has started well, but still has a long way to go.
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Last
$6.63 |
Change
0.000(0.00%) |
Mkt cap ! $247.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1250 | $6.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.52 | 8 | 1 |
View Market Depth
| Last trade - 09.00am 18/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |
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