BGR - Briscoes Valuation

[winner69]

sales still booming , margins still strong

https://www.nzx.com/announcements/371818

....typically Rod expresses caution about the future (less travel money being spent in his stores blah blah blah) but expects this year to be much better than last year

[Habits]

Shopper pulls knife on Christchurch store attendant over fake cash
https://www.nzherald.co.nz/nz/news/a...ectid=12442452

Use just some of the juicy sales and margins to beef up security

[epower]

I have a question about the lease liabilities under the non current assets. Scrolling down to the notes, it says it's an obligation to pay.

I assume this means, just they are signed up for a 5 year lease and these are the remaining 4x years of lease payments to the landlord?

From a fundamental analysis point of view, should this be considered debt?

[winner69]

I have a question about the lease liabilities under the non current assets. Scrolling down to the notes, it says it's an obligation to pay.

I assume this means, just they are signed up for a 5 year lease and these are the remaining 4x years of lease payments to the landlord?

From a fundamental analysis point of view, should this be considered debt?

Not debt. You will note that there’s a thing called Right of Use Assets which is the other side of the liability

Leases still a big future liability though.

[epower]

Not debt. You will note that there’s a thing called Right of Use Assets which is the other side of the liability

Leases still a big future liability though.

Great thanks for explaining, see the right of use assets in the balance sheet too, appreciate you pointing that out

[dibble]

I have a question about the lease liabilities under the non current assets. Scrolling down to the notes, it says it's an obligation to pay.

I assume this means, just they are signed up for a 5 year lease and these are the remaining 4x years of lease payments to the landlord?

From a fundamental analysis point of view, should this be considered debt?

Lease and Debt quite different, both obligations but latter can usually be entirely called in given certain circumstances which can cause insolvency, a landlord usually cant do that with a lease. Terms vary but typically if you move out you can try to sub-let or at worst the obligation payments will be simply spread over contracted years as rent. Hence not accurate to bung it in with debt.

[JohnnyTheHorse]

Not even a peep on here about the AGM... must be one of those boring steady performers that just keep going up in price

From a technical perspective we are breaking out to all time highs with very healthy uptrends in tact.

https://www.nzx.com/announcements/372503

[Snow Leopard]

Not even a peep on here about the AGM... must be one of those boring steady performers that just keep going up in price

From a technical perspective we are breaking out to all time highs with very healthy uptrends in tact.

https://www.nzx.com/announcements/372503

AGM's are so boring these days and if you can not attend personally to eat the sandwiches afterwards they really are a non-event.

As for breaking out I much prefer to think of it as maintaining the uptrend .

Disc: Happy holder and we once bought a pan from them.

[JohnnyTheHorse]

AGM's are so boring these days and if you can not attend personally to eat the sandwiches afterwards they really are a non-event.

As for breaking out I much prefer to think of it as maintaining the uptrend .

Disc: Happy holder and we once bought a pan from them.

Breaking out of an ascending triangle pattern... a continuation pattern... so yes maintaining its uptrend.

[JohnnyTheHorse]

Blue sky breakout . Some big buy orders appearing on market with sellers very thin.