Thorn Group's prickly outlook
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Thorn Group’s (TGA) lacklustre outlook for the current financial year is weighing on the stock as it share price slumped to a two-week low this morning after the release of the group’s first half result.
Thorn Group, which owns the Radio Rental retail chain, posted a 2.9% increase in underlying net profit to $13.5 million as sales improved 12% to $112.7 million for the six months to end September 2013.
Management also tempered expectations for 2013-14 stating that earnings will be flat due to investments in new business divisions, such as Rent Drive Buy – a vehicle leasing business, and said that these new initiatives would only pay off over the “medium to long term”.
The stock dropped 4 cents, or 1.6%, to $2.45 in morning trade as the market had been expecting a 6% increase in adjusted net profit to $29.7 million for the year ending March 31, 2014.
The stock, which is part of the Uncapped 100, is still up 21% since the start of the year.
Call 1300 880 160
Start a chat
Schedule a call
