Yes, but retail not improving is one thing... No profit in the 2nd half is another.
Never in the last 5years, which have been very tough for retail, have FAN come near that. Now, that interest rates seem to be kicking in and retail is putting along, they have a profit-less half? Something isn't adding up.
Would love to see the ABS stats for furniture retailing for March/April to see if what they claim about lack of demand is indeed true for the entire industry.
FAN Price at posting:
$2.88 Sentiment: LT Buy Disclosure: Held