Results were pretty reasonable I thought considering they could have been shocking. My guess is that this will still be taken out in the next 6 months. Sales are very good, if I was BBG I would buy this back to double the sales.
Creditors in a sales business are turned into sales, so although $37m that is pretty normal.
Hard to see them shooting the lights out in the short term but certainly seem to be improving and on track to head back to 25c plus. They have potential. Sonand certainly knows his stuff.
SRF Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held