....it would be worth $10 then ...cool, bring it on
And even if Forbar put out a target of $5.50 nobody would believe it
Printable View
My friend who went to the agm told me they are spending a lot of time on leases.
If a store stops performing they want to be gone.
So looking at more flexible leases.
Also flexibility on rents.
With their fantastic online sales they can afford to be more demanding of landlords.
He said the meeting was very upbeat.
In the Annual Report they said this about leases -
The group leases retail stores under non-cancellable operating leases expiring within one to eight years. There is a small portion of lease contracts which contain renewal rights. In considering the lease term for these contracts, the Group has determined that rights of renewals are not reasonably certain to be exercised due to the nature and location of the stores and the changing retail environment. It is the Group’s strategy to renegotiate the terms of all leases at their expiry instead of exercising renewal rights. This agile strategy is enabled by having stores relatively small in size and not highly customised, and therefore relatively straight forward to move locations. In addition, with the current retail market uncertainty and the continuing growth of online sales compared to store sales, the Group needs to maintain a degree of flexibility.
talk it up you guys :t_up:
:p
Whats your explanation for the market not responding more today - IN FACT the price is down 5 cents which is nothing of course, but its still down and not up, even on such good news.
Are we seeing a bit of exhaustion here?
Discl still holding half position from mid 5's.
Glassons has over 555,0000 followers on Instagram
That’s a lot of followers .....and #glassons has been tagged nearly 70,000 times which is an indication of many punters are happy to show of their gear (and bodies) they got from Glassons
Australians love it ....and Australia is a huge ‘dressable’ market and Glassons just starting out