Originally Posted by
Beagle
$6.0 to 6.5m is for the year ended 31 March 2020 Winner. The "gunna" forecast is for calander year 2020. I'll beleive it when I see it....
Profoundly shocking result as warned by me many times.
Centre occupancy has been dropping for years but has been in freefall lately and 72% is appallingly bad.
Wages up from $42.1m to $44.9m, (which is a real red flag).
Rent up as well.
Wages and rent costs now comprise a whopping 82% of all revenue, up from 75.5% in the previous comparable period.
Asset backing even if you believe the goodwill figures in the balance sheet at face value, (and I don't), is just 10 cents per share. Given that they seem unable to earn an acceptable return on capital employed I think anything over 10 cents per share is just shareholders being "hopeful". (I could use other words but trying to be reasonably polite about it)
Stocks under 20 cents per share used to be known as "penny dreadful's" Not a term you hear much about these days but I think its very appropriate here.
This company has a long track record of not meeting forecasts so I would take any forecast that they're "gunna" do better in the future with a grain of salt.