All good w69
hey I even called $87m exactly - bot bad eh
Printable View
They have increased the dividend 8 years out of the last 10 and on a chart it looks great. My biggest holding and happy to hold for longer.
https://docs.google.com/spreadsheets...2&format=image
what an amazing company
Chart below shows why I got the idea that Briscoes npat wouldn't get to $85m. There was some rationale as to saying that - can't be right all the time
I assumed that the sales line would revert back closer to the pre-covid trend (like other NZ retailers). But they didn't and my sales forecast was about $25m out.
The real story behind the chart is that Briscoes have come out post lock downs etc sales wise (and thus profit wise) in a better state than prior to covid. It's looking like many retailers NZ sales have seen their sales revert back to pre-covid trend (or even below)
Concusion - Briscoes killing the competition
the work they did in having the right stock at the right time was clearly key and I cant over emphasise how important the work they have done on this and in expanding their margins. These are such fine details but reflect the operational excellence that resides within the company.
“Rod Duke said, "Having reached the end of the Group's financial year last
week and now having the benefit of certainty in relation to sales quantum, we
anticipate that the Group will exceed the $85 million upper range limit of
the NPAT guidance previously given in November. We now expect a full year
NPAT of approximately $87 million, around 20% above last year's reported
NPAT.”
outstanding
Oh bummer we might have to buy some more!!!
Thank goodness !!!
Everyone can order more bacon and eggs ...
It appears the world is not returning last week to a pre COD state not for BRISC any way, not yet.
Buy more... quick.
Market cap of 1.36B, trading at ~15.6x $87m NPAT.
fair value? Undervalued? Overvalued?