Haven't had an chance to read the entire Report just yet, but on...

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.