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  1. #1041
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Balance View Post
    Fletcher does this just about every decade - 1992, 2000, 2008 and now, 2019.

    But maybe this time is different? May never recover again and finally, gets taken over!
    Just for interest sakes pulled up 2011 Annual Report

    Emblazoned across the front page AN ENDURING VISION

    It’s lasted 10 years that vision
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1042
    Legend Balance's Avatar
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    Quote Originally Posted by winner69 View Post
    Just for interest sakes pulled up 2011 Annual Report

    Emblazoned across the front page AN ENDURING VISION

    It’s lasted 10 years that vision
    They cannot help themselves - once the balance sheet and business are back in shape, they go off acquiring overseas again and there have been NO good acquisitions to boost shareholders’ value!

  3. #1043
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    Quote Originally Posted by Balance View Post
    They cannot help themselves - once the balance sheet and business are back in shape, they go off acquiring overseas again and there have been NO good acquisitions to boost shareholders’ value!
    Higgins will be raking it in with all the road works going on as shovel ready projects. Surely.
    For clarity, nothing I say is advice....

  4. #1044
    Speedy Az winner69's Avatar
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    Strong cash flows and strong balance sheet ....profit announcement

    That’s good

    http://nzx-prod-s7fsd7f98s.s3-websit...730/328084.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #1045
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    It seems all the 'dogs of the NZX' have been doing well recently (and by well I mean not badly)... PEB a few weeks back, STU yesterday and FBU today...

  6. #1046
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    Quote Originally Posted by winner69 View Post
    Strong cash flows and strong balance sheet ....profit announcement

    That’s good

    http://nzx-prod-s7fsd7f98s.s3-websit...730/328084.pdf
    Sure you didn't mean Loss Announcement ? .. I read Net Loss of $196 Mil in that report

  7. #1047
    Speedy Az winner69's Avatar
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    Quote Originally Posted by nztx View Post
    Sure you didn't mean Loss Announcement ? .. I read Net Loss of $196 Mil in that report
    No no no --- EBIT either $310m or $160m
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #1048
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    Quote Originally Posted by winner69 View Post
    Strong cash flows and strong balance sheet ....profit announcement

    That’s good

    http://nzx-prod-s7fsd7f98s.s3-websit...730/328084.pdf

    The trouble is the new accounting standard on leases changes the make-up of operating cash flows a lot since, I think, all the payments for leases etc, go thru as a financing cashflow item rather than an operating cashflow item. so the operating cash flows are not easily compared YoY when the most recent period will reflect an accounting change which benefits the most recent period.

    (please correct me if I am wrong)

  9. #1049
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    Quote Originally Posted by winner69 View Post
    Strong cash flows and strong balance sheet ....profit announcement

    That’s good http://nzx-prod-s7fsd7f98s.s3-websit...730/328084.pdf

    Seems like a loss announcement according to this article......but then what do journalists know!?

  10. #1050
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    I bet they are using the COVID issues to do more housekeeping.

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