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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Haven't had an chance to read the entire Report just yet, but on...
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Last
$3.14 |
Change
0.040(1.29%) |
Mkt cap ! $117.1M |
Open | High | Low | Value | Volume |
$3.10 | $3.18 | $3.10 | $342.7K | 109.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6525 | $3.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.18 | 37280 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2998 | 3.140 |
1 | 636 | 3.120 |
2 | 5401 | 3.100 |
1 | 3000 | 3.090 |
3 | 4020 | 3.080 |
Price($) | Vol. | No. |
---|---|---|
3.180 | 37280 | 1 |
3.200 | 1106 | 3 |
3.300 | 200 | 1 |
3.310 | 3499 | 1 |
3.380 | 150 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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