Isn't this a bit of a worry - While Glassons saw strong sales growth in both countries,Hallenstein Brothers and Storm saw a small decline in sales on the prior corresponding period.
What happens to Group sales when Di's honeymoon is over and her enthusiasm wanes
”When investors are euphoric, they are incapable of recognising euphoria itself “
Isn't this a bit of a worry - While Glassons saw strong sales growth in both countries,Hallenstein Brothers and Storm saw a small decline in sales on the prior corresponding period.
What happens to Group sales when Di's honeymoon is over and her enthusiasm wanes
Nothing new there mate, was previously mentioned in earlier releases. They're working on it. Overall results speak for themselves and are very satisfactory in my opinion.
Last edited by Beagle; 30-03-2017 at 03:49 PM.
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
Their cash position has deteriorated to the tune of $3M5 a year average over the last 6 years and dividends paid have exceeded profit by $1M5 a year average in that same time-frame [and spending on PP&E has exceeded D&A].
At FY16 they had $14M in the bank and no borrowings.
They also had plenty of imputation credits.
So in theory they can carry on for a few years yet and then get an overdraft to carry on carrying on.
But long term the sustained lift in profits will cover the dividends .
Best Wishes
Paper Tiger
I'll leave it up to PT to add another chapter to this story
”When investors are euphoric, they are incapable of recognising euphoria itself “
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