Full year profit excluding non-recurring $36m to $40m — bit more stretched than previous but likes of Jeremy will be disappointed that mid point is only $38m
Thl shares should be $7 by now eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Year ago there was a song by Billy Joel called "keeping the faith." Cheers to all the people who kept their heads and can see what these results so obviously show. This company is booming right along with tourism growth and in many ways leading the charge. The gloom and doom from a couple of weeks ago seems a little silly now actually.
Full year profit excluding non-recurring $36m to $40m — bit more stretched than previous but likes of Jeremy will be disappointed that mid point is only $38m
Thl shares should be $7 by now eh
Haven't had a chance to read yet but on the surface looks like another good result. A little bit surprised with the forcast after such a strong half - I'm picking they'll be closer to 40m than 36m
Haven't had a chance to read yet but on the surface looks like another good result. A little bit surprised with the forcast after such a strong half - I'm picking they'll be closer to 40m than 36m
Interestingly permanent gains from lower U.S. corporate tax rate have been gobbled up by a trading update that in effect lowers operating profit for the full year by between $1-2m, varies due to lower or higher case assumptions, see the box on page 25.
Net profit lower in 2H because of huge seasonal profit impact from U.S. business in their summer.
Previous guidance was permanent tax benefit from U.S. of $3m per annum which saw the shares up 50 cents in December, new permanent tax guidance is $2m per annum, disappointingly mostly ameliorated by lower trading guidance.
Good luck to investors, I can't be invested everywhere. I think this is a good company trading at about fair value.
Last edited by Beagle; 22-02-2018 at 09:10 AM.
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 cymonger
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