BlackPeter - I am sure check for yourself, you can look at announcements over last few years to see what I mean.
Hi Tim - this is a good example for "past events not being an indicator for future events ". Sure, in the past Methven had the end of their financial year in March ... which meant half year reporting in November and full year in May.
It might have slipped your attention that they moved the end of the financial year out to June, which means this financial year has 15 months, which makes it sort of unclear when their "half year" reporting is supposed to happen (after 6 months or after 9 months or somewhere in between). What is clear is that the next full year results will be released in August 2016 ... and if the information on their website is correct, than we will need to wait until February for the half year update ... but I guess time will tell.
Last edited by BlackPeter; 20-10-2015 at 08:20 AM.
Reason: added link
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"Prediction is very difficult, especially about the future" (Niels Bohr)
This new shower head is brilliant ...... ( especially with the water restrictor out ) Hopefully this will boost sales , the ladies in the house have even started to use my shower
Half Year this year will be 9 months to December. No real comparatives to prior periods likely
Tricky stuff eh
Did they say why the change? Sometimes a 'red flag' changing balance dates.
They did ... they said that they want to enhance the "predictability of financial forecast" - but why not just use their own words (from the 2015 annual report):
I am sure that the fact that they now have 15 months to beat the usual 12 month results was far off their mind when they made this decision (though who knows, maybe they like the 15 month years so much that they continue running them
Last edited by BlackPeter; 20-10-2015 at 09:23 AM.
Reason: added reference
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by tim23
". Sure, in the past Methven had the end of their financial year in March ... which meant half year reporting in November and full year in May.
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