That might hurt a little.Quote:
Auckland District Court Judge Warren Cathcart today sentenced the company to a fine of $1.89 million on 24 charges under the Fair Trading Act after an earlier guilty plea.
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That might hurt a little.Quote:
Auckland District Court Judge Warren Cathcart today sentenced the company to a fine of $1.89 million on 24 charges under the Fair Trading Act after an earlier guilty plea.
They say the big fine won’t impact F19 result
Annual Accounts show a provision of only $1.2m for this — to cover expected fines and costs and likely insurance recovery.
Insurors must be up for a bit then.
Must
So the ASM is on tomorrow. I wonder what, if anything new will emerge from this meeting.
Same issue here - pretty outrageous!
Luckily I happened to log into Computershare the days before (for some unrelated reason) and saw the reminder - i.e. I did vote, but not quite right that they just leave that up to a lucky accident whether people get the message.
Obviously - NZ Post's wanting performance and the Monday holiday did not help.
About time NZX is extending the ridiculous short period of notice for AGMS's - 2 weeks is clearly not enough if a letter needs even under benign circumstances a week or more to be delivered.
If they achieved FY2019 guidance of $25 million in earnings before interest and tax. What’s the EPS and SP will be? Thanks
If they achieved EBIT of $25m, the guidance for F20 will then determine the sp.
If their guidance for F20 is $35m (eps of 15c), market will accord the company a forward growth PER of 15 imo at that point = sp will be $2.25.
That's just how the market works - analysts never ever forecast a downturn until it happens. They always forecast growing EPS when a company is turning around.
I always like companies with fundamentally good market positioning getting themselves into trouble due to poorly executed acquisitions and expansions - opportunity to get set during their capital raising.
Best examples I can think of where spectacular gains were made - FBU, WBC, BHP & News Corp.