sharetrader
Page 29 of 39 FirstFirst ... 19252627282930313233 ... LastLast
Results 421 to 435 of 578

Thread: Evolve IPO

  1. #421
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,163

    Default

    Good post Noodles. Nice to see you posting again, don't be a stranger...come and post more often.

    Yes I agree 100%. A capital raise of about $30m, at that price less costs would go a long way towards righting the ship. That might be the time to have a punt on this penny dreadful.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #422
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    At this rate share price will be under 20 cents again

    Hope you guys booked your profits on the spike.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  3. #423
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    Quote Originally Posted by noodles View Post
    While the price is much lower than IPO, the valuation metric (EV/EBITDA) used to sell the IPO is much the same. I can see a 1:1 rights issue at 17c as being realistic. Even then, they will still have plenty of debt.

    IPO Now
    Price $ 1.00 $ 0.24
    MC 177 42
    Debt 9.5 48
    EV 186.5 90
    EBITDA 25.7 13.4
    EV/EBITDA 7.26 6.72
    Good measure that EV:EBITDA

    More people should use it.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #424
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,357

    Default

    Quote Originally Posted by winner69 View Post
    Good measure that EV:EBITDA

    More people should use it.
    EBITDA is going to get a bit messy as a metric going forward
    https://www.dmxam.com.au/12_03_2019_..._know_it_.html
    No advice here. Just banter. DYOR

  5. #425
    Handsome Member
    Join Date
    Jun 2015
    Posts
    677

    Default

    Quote Originally Posted by noodles View Post
    EBITDA is going to get a bit messy as a metric going forward
    https://www.dmxam.com.au/12_03_2019_..._know_it_.html
    Thanks for the link, didnt even know this was happening. Talk about adding to the confusion. Always just assumed rent was just an expense on the P&L, will def make me look twice when reading other annual reports now from foreign companies. Who else uses this sort of method for leases?

  6. #426
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    Quote Originally Posted by noodles View Post
    EBITDA is going to get a bit messy as a metric going forward
    https://www.dmxam.com.au/12_03_2019_..._know_it_.html
    Important bit

    To a large extent, cashflows will not change as a result of the standard. This reinforces the importance of free cashflow as the key metric to follow.

    Ebitda was just a proxy for operating cash flow anyway
    Last edited by winner69; 29-04-2019 at 08:33 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  7. #427
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    Quote Originally Posted by LAC View Post
    Thanks for the link, didnt even know this was happening. Talk about adding to the confusion. Always just assumed rent was just an expense on the P&L, will def make me look twice when reading other annual reports now from foreign companies. Who else uses this sort of method for leases?
    LAC - effective in NZ for reporting periods commencing Jan 2019

    So more reading for you
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #428
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,163

    Default

    Quote Originally Posted by noodles View Post
    EBITDA is going to get a bit messy as a metric going forward
    https://www.dmxam.com.au/12_03_2019_..._know_it_.html
    Good write-up Noodles. My opinion is this change in accounting standards is a good example of a well intentioned change making things more complex. Sure the right to occupy premises is an intangible asset but its contingent on continuing to pay the rent so simple common sense says the intangible asset is offset by the contingent liability and all that really exists is the expense of monthly lease payments.

    Would have been just as easy to make it mandatory for all companies to disclose all material lease obligations as a note to the accounts and let sleeping dogs lie in terms of the current standard but some of these number crunching boffins in their ivory towers overseas have to be seen to be doing something to justify their exorbitant salaries.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #429
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    Quote Originally Posted by Beagle View Post
    Good write-up Noodles. My opinion is this change in accounting standards is a good example of a well intentioned change making things more complex. Sure the right to occupy premises is an intangible asset but its contingent on continuing to pay the rent so simple common sense says the intangible asset is offset by the contingent liability and all that really exists is the expense of monthly lease payments.

    Would have been just as easy to make it mandatory for all companies to disclose all material lease obligations as a note to the accounts and let sleeping dogs lie in terms of the current standard but some of these number crunching boffins in their ivory towers overseas have to be seen to be doing something to justify their exorbitant salaries.
    Lease obligations presently are disclosed in Annual Reports

    HLG have $88m of lease obligations (last August) as an example

    You should read Note 7 of last HLG Financial Statements as to impact on their financial when they adopt the new standards this financial year.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #430
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,163

    Default

    Thanks yes, quite right, was having a brain microsleep earlier. I do seem to recall vaguely that it will make some really minor difference.
    No butts, hold no mutts, (unless they're the furry variety).

  11. #431
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,163

    Default

    Caught up with sister in law on the weekend. NO change to the general state of play at EVO which is still grim according to her.
    No butts, hold no mutts, (unless they're the furry variety).

  12. #432
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,044

    Default

    WOW — write everything off (non cash off course) and pay a chunk of the debt off and begin down the path to global domination

    It’s just like starting off all over again with a further $64m of new shareholder money

    If those Aussie guys are any good EVO could be a good punt if you can get in at close to 10 cents,

    Shame F20 profits are going to be less than F19

    http://nzx-prod-s7fsd7f98s.s3-websit...199/299442.pdf
    Last edited by winner69; 08-05-2019 at 09:07 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  13. #433
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    2,753

    Default

    Punt is the work, Q what is the "quality " of assets that they are "acquiring " from Aussie?

    So the N Z assets are worth , WHAT now?

  14. #434
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    2,753

    Default

    WOW EVO will have to just under 1Billllllllllllllllllllllllllion shares on issue, implied "value " of circa .10 , fully underwritten, are poor suffering S Hers game to take up their share is the million $ question, who is game here?

  15. #435
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    2,753

    Default

    Quote Originally Posted by silverblizzard888 View Post
    These guys just announced a estimate of reasonable earnings coming through. Salt funds is just managing their positions and reducing accordingly since it has basically doubled in the space of a week. If this was a stock that wasn't making much in the way of earnings then I'd see it falling and see where it could be a dead cat bounce, but this is a material announcement they just made. Many people are sitting on huge profits so they are selling down, though 18-20 cents isn't likely or else it'd end up being too much of a bargain not to buy in to. Turnaround going smoothly and three new centers about to open.

    Also end of last year Chris Scott the former Managing Director of G8 Education came on board, this is where the smart money is. For anyone who doesn't know G8 Education you should go read up on this ASX company, beautiful story that became an Australian market darling.

    sb888, don't know about "market darling , down from $5-60 -- to $2-87 in 5 years !!

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •