The life-blood of every company
Quote:
Originally Posted by
kura
I apologise in advance for my ignorance, but was looking at the recent result presentation & it left me confused.
I saw NPAT was $145m, which included fair value gains of $143m How can you get excited about an organisation that only makes $2m from normal earnings ?
If I may be so bold your 'ignorance' comes from not reading further into the accounts.
When you get to the Statement of Cash Flows you should at that point have a 'light bulb' moment.
[Note: This what percy said, but I said it differently]
Best Wishes
Paper Tiger
Director buys - pass Go, collect 200
The old Trout purchased a not-insignificant personal holding yesterday too
https://www.nzx.com/companies/SUM/announcements/298268
I did too, but I won't be advising NZX