No thread on this one, so I thought I'd get the ball rolling.
Thorn Group Limited (ASX:TGA) floated as Radio Rentals a few years back. It primarily operates in the Australian household goods rental markets that offers a wide range of audio visual products, kitchen and laundry appliances and computers along with a new range of furniture and gym equipment on a rental basis. RR Australia was formerly known as Radio Rentals Australia. It also owns and operates Big Brown Box business.
Major shareholders include the NAB (5.8%), IOOF Holdings Ltd (10.0%), Perpetual Limited (14.0%) and Investors Mutual Limited (8.3%).
It has a market capitalisation of just under $155 million, with 128.7 million shares on offer. It turns over just under $44 million in the most recent reported financial year and announced a profit upgrade in November 2009.
The share price bottomed at $0.39/share in early 2009 but is now trading at about $1.20/share. Seems to find a bit of a resistance at that level as it's consistently bounced off that mark in the last couple of months.
I picked some up late last year. I was attracted to the relatively low P/E ratio (8.8 as at 27 January 2010) and comparatively high dividend yield (4.62% as at 27 January 2010).
It'll be interesting to see how this company fares if/when the economy improves. It was hammered as part of the overall market downturn in 2008 but it's rebounded strongly in the last 6-8 months.
As always, DYOR.