Ann: Trading Halt, page-30

Well all valid questions really. Nothing wrong with wanting to know the answers - Crown appear a little worried which is why they havent gone too hard I guess on putting forward a good offer. Big write off for Garage by Sonand - I assume the wave warriors in Maroubra were mates of the old MDs which is why they got paid so well for such a crap business. This is all about cost control at the moment, they need to get costs under control and get a margin on sales, if they can do that they will be okay. The online content sites are good for marketing into (and marketing for others) but in the short term it's going to come down to making a margin on sales and holding sales numbers. Lots and lots of opportunities in the surf markets elsewhere also though going forwards. Its a huge fragmented market which is why so many people have a crack.