could this company continue growth without some more capital? The balance sheet has plenty buy some of it will be spoken for. Thats why i suspect no special div or not much.
could this company continue growth without some more capital? The balance sheet has plenty buy some of it will be spoken for. Thats why i suspect no special div or not much.
They had 83 cps in spare cash at the last balance date. They don't need any more capital as much of their growth is coming online. I think they are taking a very prudent approach towards new store openings in the current environment. Worth noting that depreciation is about $10m a year. You can do a fair bit with $10m of new capex each year such as store refurbishment and a prudent amount of new store openings.
As N.Z's oldest listed company I really like the carefully measured and conservative way they go about growing their business.
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
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Originally Posted by oldtech
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