I'm looking forward to this $2.70 entry, that you've mentioned a few times. Maybe 2019 will provide us one of those opportunities again :D
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Agree - it is an excellent company operating in a tough industry. Next year maybe $3.00-$3.50 if the summer is difficult and they'll be worth a look again.
Of course they still might surprise in February but my model guesses $20m-$23m for FY19 at this early stage
Exceptionally well managed company and I expect them to continue to make the best decisions they can. The sky is not falling in.
Me either Couta. I entered at 3.33 and if it goes down below that - I'll buy more. I'm in it for the divvies and so the paper gain/loss elevator can do what it wants as long as the golden eagle lays an egg in my bank account every 6 months :-)
What gross profit percentage are you modelling ? They achieved 61% last year and 58.8% the year before that. I reckon ~ 58% gross profit percentage this year which leads me more toward $22-25m but at say $23m (on 59.6m shares) where we have common ground that's eps of 38.6 cps. The harder question is what's the right PE ? I don't think we're headed back to $2.70 again or anywhere near there but mid $3's is possible or even low $3's if the market overall is really bearish or if the market update in February 2019 is disappointing. Agree the sky is not falling in but I think the risk to the SP even after the recent very severe correction remains to the downside.
HLG early Christmas sale on now! Prices heavily discounted and slashed over 20% from last week.
Get in early before stock runs out. lol
There is so much wrong in this paragraph the reporter should hang his/her head in shame (but won’t because he/she is pretty sure it’s accurate)
The company managed to widen gross margins to 68.4 percent in the 2018 financial year from 58.9 percent in 2017, despite a 12 percent increase in employee costs to $51.6 million.
http://www.sharechat.co.nz/article/a...econd-halfhtml