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  1. #621
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Sideshow Bob View Post
    https://www.nzx.com/announcements/335386

    FY19 guidance down by $30m
    Ah well, so they bought Formica in 2007 for US$700m and are selling now for US$840m. That's roughly 1.5% capital appreciation per year, less than inflation.

    Not flash, but I guess - could have been worse, couldn't it?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  2. #622
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    Quote Originally Posted by BlackPeter View Post
    Ah well, so they bought Formica in 2007 for US$700m and are selling now for US$840m. That's roughly 1.5% capital appreciation per year, less than inflation.

    Not flash, but I guess - could have been worse, couldn't it?
    Fonterra would take that on a lot of their acquisitions/investments.....

  3. #623
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Sideshow Bob View Post
    https://www.nzx.com/announcements/335386

    FY19 guidance down by $30m
    Mid point of previous guidance was $675m. Mid point of updated guidance is $635m = $40m downgrade.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #624
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    Quote Originally Posted by Beagle View Post
    Mid point of previous guidance was $675m. Mid point of updated guidance is $635m = $40m downgrade.
    With FBU's, I definitely work at the bottom of the range!

  5. #625
    Legend peat's Avatar
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    The Company now expects FY19 EBIT before significant items to be in the range of $620 million to $650 million

    watch out for significant items!
    For clarity, nothing I say is advice....

  6. #626
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    I can't for the life of me figure out why the SP keeps climbing back on this one.
    https://www.goodreturns.co.nz/article/976515043/a-capital-offence.html


  7. #627
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    Anyone else heard they are returning 300m from the formica sale to shareholders?

  8. #628
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    An investor day webcast at 12 noon will apparently cover plans for the Formica sale proceeds, amongst other matters.

  9. #629

  10. #630
    ShareTrader Legend bull....'s Avatar
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    not surprised its down on there down - grade still big issues ahead. the share buyback stops it tanking i guess
    one step ahead of the herd

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