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  1. #8251
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    Quote Originally Posted by Fiordland Moose View Post
    good work . any shot of getting those in an excel book lol
    Lol. That might take half a forest :-).

  2. #8252
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    Quote Originally Posted by Recaster View Post
    Thanks Ferg. Appreciate the corrections and pointers.

    Have updated the dividend figures to reflect the stock exchange summary. I was using the annual report notes to the accounts which omitted the final dividend.

    Have made a comment about the zero interest bearing debt. Thanks for the pointer.

    My analysis was a bit of a rushed job on this company I fear! :-(
    You're welcome. It didn't look rushed at all so don't worry about that. Plus I recommend you hang onto your spreadsheets, you don't want to give away your IP to roving [bands/gaggles/herds/gangs] of cheeky Mooses/Meeses.

  3. #8253
    Guru Rawz's Avatar
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    Half the fun is building the spreadsheet as well

  4. #8254
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    Quote Originally Posted by Ferg View Post
    You're welcome. It didn't look rushed at all so don't worry about that. Plus I recommend you hang onto your spreadsheets, you don't want to give away your IP to roving [bands/gaggles/herds/gangs] of cheeky Mooses/Meeses.
    The meese have no shame

    This one is probably quasi dyslexic . So after I spend an hour typing in the financials I get to spend another half an hour trying to figure out why nothing adds up right

  5. #8255
    Speedy Az winner69's Avatar
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    Recaster - you could pull out the Wages expense as a separate line as a good performance indicator

    Rolling annual total of gross wages is interesting

    HLG seem to have the same problem as OCA - wages going up much faster than sales..... continuing for rest of this financial year

    12mths Wages
    Jan19 $49.6m
    Jul19 $51.7m
    Jan20 $53.9m
    Jul20 $55.0m
    Jan21 $58.3m
    Jul21 $60.7m
    Jan22 $62.7m
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #8256
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    Winner(^n) ... inflation ...

  7. #8257
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Waltzing View Post
    Winner(^n) ... inflation ...
    Wages up and sales declining

    Need to reduce headcount and close stores maybe

  8. #8258
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    winner(n), extracting specific PL items and doing some ratio drill downs certainly is a good analysis step.

    A company that can expand Profit before tax and depreciation other revaluation rubbish without the ADMIN of the company expanding at the same rate as sales is a Winner(). There arnt many that can do it.

  9. #8259
    Speedy Az winner69's Avatar
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    Percy has a rough rule of thumb re whats a good or bad wages to sales ratio ..... wonder what he'd say about that being about 20%
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #8260
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    Quote Originally Posted by winner69 View Post
    Wages up and sales declining

    Need to reduce headcount and close stores maybe
    surely only close stores if they are unprofitable?

    interesting time series, those will be gross wages right no impact from wage subsidies which I guess would be recorded elsewhere as grant income?

    only final thought but new stores - they take about 3 years for a store to fully mature with sales ramping up each year. so if a burst of new stores, could impact the wages/revenue ratio. not sure that is the case here with steady as she goes new store approach

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