Hope they are right. Plenty left.
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F19 profit going to be better than they earlier said
Like the words ‘Comfortably exceed’
http://nzx-prod-s7fsd7f98s.s3-websit...927/305104.pdf
NPAT of 27.9m beat guidance ...well done, under promise and over deliver and all that
Couldn’t resist posting the extract from the Cash Flow Statement though .....Capital raise bought in $30.7m and they paid divies of $29,4m. Pretty cool eh. (Raised another $50m since Balance date as well)
http://nzx-prod-s7fsd7f98s.s3-websit...809/306251.pdf
Glad this one is no longer in my portfolio....
* NPAT of $29.8M, down 52% on the prior year, which included the one-off gain of $23.1M relating to the formation of Togo Group (formerly branded as TH2).
* NPAT excluding non-recurring items of $27.9M, above the latest market guidance of $25-$27M, down 26% on the prior year.
* EBIT (excluding non-recurring items) of $62.1M, down 2% on the prior year.
* Total group revenue of $423M, down 1% on the prior year. Rental revenue up 9% on the prior year.
* Final dividend of 14cps (50% imputed), bringing the full year dividend to 27cps in line with the prior year.
* Net debt of $202M, compared to $199M in the prior year.
* Commencement of thl’s journey to become a Future-Fit Business.
Same here Left field, glad to be out of this one for now. We are a very long for the $50m NPAT they were aiming for in 2020 !!
I also exited in February at $4.35 (at a loss), was kicking myself when it subsequently started rising again but now grateful I didn't hold on just in case.
http://nzx-prod-s7fsd7f98s.s3-websit...900/310136.pdf
More less than positive news.
No mention of Togo and the tech side ...thought they could have added some good stuff about that to keep punters excited about the bright future the way business is done
But at the end of the day suppose it’s the bottom line that counts...like real money