Looking forward to the quarterly sales report. Only a few hours away!
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Looking forward to the quarterly sales report. Only a few hours away!
The "potted" life of Julian Cook.
http://www.nzherald.co.nz/business/n...ectid=11383752
Or maybe waiting for Norah to say she has finished buying ......poor Norah, she asked for that
Every dog has its day and there's an exception to every saying. SP has woefully under-performed the sector...sorry there's no prizes for guessing why :)
I'm still picking a dreadful result for calendar year 2014, why ?
Well look at the first 3 quarters and EPS for first half. Then add in all the deferred maintenance that wasn't done in 2013, (but has had to be done this year), so they could jack-up the profit last year so Norah could exit at the best price, and factor in that they're now having to build up large on common area buildings before rolling out unit builds AND catch up on common area buildings that weren't built last year to jack-up 2013 profit.
Factor all that in and you'll see underlying EPS for 2014 of less than 9 cps, down around 20% on last year...but they'll dress that crappy result up as we're positing for growth and you'll see very little emphasis on underlying earnings in the 2014 annual report.
They say to never kick a dog when its down...but like I said there's an exception to every saying and Norah deserves it.
Q4 sales metrics were posted on 8 January last year....taking longer this year because they have to run it past the PR spin merchants to try and make a silk purse out of a sow's ear :)