TRS - The Reject Shop

[mangojoe]

Was the 16% increase yesterday due to this notification?
https://www.asx.com.au/asxpdf/20200427/pdf/44h85dc420qrfv.pdf

If so, could someone explain a newbie why it caused such big jump?

Notification of issue, conversion or payment up of equity +securities
150,000 performance rights issued under the Company’s performance rights plan -​

Employees can get stocks I guess as part of their salary package, is it?

In any way, happy I doubled down the day before

 

[finicky]

TRS @ $7.70

The underwriter, Ord Minnett and sub-underwriters have made a bomb from the TRS entitlement raising in March. Over 60% of the new shares @ $2.70 were not taken up by shareholders and went to underwriters. The Reject Shop at a 52 week high and, effective June 21 rebalance, will re-enter the All Ords.

Hold 1,000 shares
Will sell in new financial year

6 Mth Dly

 

[bux2000]

I looked at TRS when I first started spending the Kids inheritance and it appeared OK but not that flash. Every time I now open Incredible charts, up flashes TRS as the default chart and I think ....if only, but surely it cannot keep going up apparently unabated.

I am not usually aware of divine intervention .........but admit I am starting to reconsider

I know Simply Wall St algorithms can be very misleading but with a valuation of $141......well how wrong was I.

bux

 

[systematic]

TRS currently remain a buy recommendation from various brokers, and has seen a few director buys over recent history.
They look like they might do well if the consumer dollar becomes more budget conscious into 2021

 

[sptrawler]

Page 7 of this thread is interesting reading, shows that good robust debate usually ends up with a reasonable prognosis.
It's a shame Luu left the forum, he was a great contributer.

 

[Trav.]

TRS popped up on a scan and looks interesting, daily chart below and will be interesting if it holds a break > $7

 

[bux2000]

TRS is an interesting chart anyone got any thoughts.

Thanks
bux

 

[Wilham]

TRS is an interesting chart anyone got any thoughts.

Thanks
bux

View attachment 121298

Might just be me, cant view the link?

 

[Knobby22]

TRS is an interesting chart anyone got any thoughts.

Thanks
bux

View attachment 121301

There's been a change of management and the stores are being modernised. Could be a turnaround story.
Retail though and plenty of competition. Unsure.

 

[peter2]

TRS is trading in a huge two dollar range ($8 - $6). If price breaks down through the $6 support level. I'm not interested. Price has bounced off the $6 level twice already and that's the current trade opportunity for me on this chart.

 

[bux2000]

TRS is trading in a huge two dollar range ($8 - $6). If price breaks down through the $6 support level. I'm not interested. Price has bounced off the $6 level twice already and that's the current trade opportunity for me on this chart.

Thanks everyone for your thoughts I bought a small position on Friday at $5.91 with a stop loss at $5.75.
Just hope I have not given it the commentators curse

Can I ask you Peter which charting software you are using please.

Thanks again
bux

 

[peter2]

I use two but the one I post most often is Bullcharts (Aussie software).

 

[bux2000]

Thanks for that Peter, along with the sharing of your thoughts, trades, and insights, I appreciate it all.

All the best
bux

 

[Dona Ferentes]

TRS lifted earnings in the year to June, but there was no joy for shareholders. While the company declined to issue any guidance for 2021-22, it did warn of higher shipping costs over the foreseeable future which will out pressure on inventories and prices and margins.

Net profit jumped 643% to $8.3 million despite the company’s sales falling 5.1% to $778 million as ongoing lockdowns hurt sales.

Cost cutting helped lift earnings by pressing down on costs as the company’s revamp continues under newish managers. The Reject Shop said it cut its cost of doing business for the year by $22.5 million for the year, largely through fewer staff and cheaper rents.

But these efforts were partly undermined by an unexpected $9 million the business had to spend on higher international shipping costs. The Reject Shop has factored those costs into the new financial year, but warned investors they continue to increase each month.

“The Reject Shop turnaround is progressing as expected despite operating in a very uncertain and challenging macro environment,” CEO Andre Reich said on Thursday.

“COVID-19 lockdowns continue and have occurred in every State in which we operate, having a significant impact on customer behaviour. International shipping rates have increased significantly over the past year and appear to be remaining elevated during 2021,” he added.

“I am hopeful that customer shopping behaviour will normalise once broader concerns around COVID19 reduce and more of the community are fully vaccinated.”

Import model under stress.