winner I think you will find those candles are adding to profitability this year. Regarding the article a bit of a beat up when the scientist confirms she didn't read any of the three warnings on the packet.
Maybe a new revenue opportunity for them? They could team up with IQE and develop a training course for customers to teach them how to safely use their candles. Finish the course with a test and hand out an NZSA certificate which shows that the holder is qualified to burn Ecoya candles? As well - have TIL ever thought about selling appropriate safety equipment? Adding to each candle sale a handful of nicely styled safety helmets with visor would boost the revenue and show that they care about their customers ;
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CVT struggling in China, TIL next to surprise the market ?
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winner I think you will find those candles are adding to profitability this year. Regarding the article a bit of a beat up when the scientist confirms she didn't read any of the three warnings on the packet.
Who reads instructions for a candle???? And even if you did, would you really be expected to monitor the candle so that it doesn't burn too far down? That's just poor design.
winner I think you will find those candles are adding to profitability this year. Regarding the article a bit of a beat up when the scientist confirms she didn't read any of the three warnings on the packet.
H117 candles Ebitda was $339k - up from $303k the year prior
Suppose thats adding to profitability
But a pittance on $9m of sales - a 4% ebitda margin pretty hopeless for a so called top of the range premium product. (Really means they are loss making at a npat level)
Candles are a drag on performance - put that effort and focus into something worthwhile.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Winner I expect a bit more from you delve into the profitability of H2 vs H1 sales. It's clear the exits business is cyclical with the majority of profit made in the 2nd half.
Who reads instructions for a candle???? And even if you did, would you really be expected to monitor the candle so that it doesn't burn too far down? That's just poor design.
The relevant question when considering safety in use is NOT what would a reasonable person do in reasonable circumstances but what would the least careful person possibly do in a hurry.
Even if there was a big red line on the glass at the 1 cm point above the bottom of the glass receptacle and a warning to highlight that this was the lowest safe level for the wax to be burned down - it would still not obviate the responsibility that it may be above this level when the candle is lit and may burn below this point. Most of us don't necessarily expect to have to monitor a candle's wax level even with a warning so it is quite a poor design to not expect that the heated metal would be in contact with the glass and shatter.
Likewise, there are many cars that have a hook above the rear windows for a coat hanger to hang your jacket but if the car is fitted with side curtain airbags there will be a warning in the owners' manual that if they inflate that the coat hanger could be propelled as a missile in an unsafe way within the cabin. A better design is not to have the bloody hook so you don't end up with a coat hanger embedded in the side of the skull - let alone let passengers rest their head on the window!
Winner I expect a bit more from you delve into the profitability of H2 vs H1 sales. It's clear the exits business is cyclical with the majority of profit made in the 2nd half.
What I was saying H117 growth was pretty ordinary at best
agree h2 is stronger than h1 - but how much more will ebitda be than the $2.2m ebitda they made last year.
Still a drag on overall company performance - but then a lot of companies have a dog they have fallen in love with.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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