This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

TRS - The Reject Shop

Jump to new
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
 
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
 
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
 
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
 
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.
 
TRS is an interesting chart anyone got any thoughts.

Thanks
bux

 
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.

 
peter2 said:
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.
Click to expand...
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
 
Thanks for that Peter, along with the sharing of your thoughts, trades, and insights, I appreciate it all.

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

Import model under stress.
 
You must log in or register to reply here.

Similar threads

R
6 Ways to Make Smarter Investment Decisions
Replies
0
Views
2K
RickyY
R
R
Illusions of The Stock Market
2
Replies
26
Views
6K
RickyY
R
R
The Problem of Reading Someone’s Stock Recommendation
Replies
1
Views
3K
tech/a
Ryan's Trading Journal (F/A+T/A Strategy)
6 7 8
Replies
141
Views
33K
aus_trader
R
5 Years of Reflection
Replies
9
Views
6K
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...