Yep but it's always been losing money the old MD was just hiding it in acquisitions. Sales are big $250m a year is solid. A surf shop sells what maybe $2m a year through the door so it's 125 surf shops.
Sonand was driving an Uber, that's no crime. Almost destroying a business and running away, well that's a crime. I didn't realise there were old board members still on the board, those losers need to go.
Seems some work to be done, but business is hard, there are no easy businesses.
SRF Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held