Got to be fair for HLG to take the subsidy...they closed thier shops for almost 50days....kept all the staffs...not to mention working hard to make sure thier business afloat
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Got to be fair for HLG to take the subsidy...they closed thier shops for almost 50days....kept all the staffs...not to mention working hard to make sure thier business afloat
I may be wrong but I think percy's issue with leases is around the contingent liability that they pose, eg will they be enforced - rentals charged - on premises closed during lockdown; will rental reductions be allowed; can lease liabilities be excused or avoided? I have the same issues.Quote:
Leases however, is just an accounting entry, I personally wouldn't be too worried about it, and will exclude the entire "interest unwind", "depreciation" and capitalised portion of the lease altogether, and just focus on the actual lease payments. jus my 2cents.
Thanks Jimdog31. I've been following this one for many years and nearly fell off my chair yesterday when I saw they had just on $50m cash on their books at balance date....nothing anywhere remotely like that in previous years
On the new accounting for leases thing, yeah I think it's a pain in the backside too so I just ignore it. With HLG that's really simple because they have no debt and the balance sheet is super easy to understand. They've always had leases since Adam was a boy...just a stupid new accounting standard that might cause concern for some people but others look right through the complete nonsense of it all to see the real gold within, $50 million dollars of it :t_up: :t_up:
"Cash flow is the lifeblood of business, always has been, always will be" (Beagle)
Been following uncle Jarden many times..so far never disappointing me... Freightway, Hlg....kogan....all got me rich...the latest one was pph....but was too busy n missed out
Also following master Beagle....also made money... thanks master!
Looks on course to $6 handle very soon and may be $7 handle just in time for Divvy to be paid in Dec.
Not sure...they sent out summary email every month....to my email. I did not pay for it... maybe my ac has heaps of zero at the back...lol
Don't worry..just follow master Beagle....u be okay!