Just for interest sakes pulled up 2011 Annual Report
Emblazoned across the front page AN ENDURING VISION
It’s lasted 10 years that vision
They cannot help themselves - once the balance sheet and business are back in shape, they go off acquiring overseas again and there have been NO good acquisitions to boost shareholders’ value!
They cannot help themselves - once the balance sheet and business are back in shape, they go off acquiring overseas again and there have been NO good acquisitions to boost shareholders’ value!
Higgins will be raking it in with all the road works going on as shovel ready projects. Surely.
It seems all the 'dogs of the NZX' have been doing well recently (and by well I mean not badly)... PEB a few weeks back, STU yesterday and FBU today...
The trouble is the new accounting standard on leases changes the make-up of operating cash flows a lot since, I think, all the payments for leases etc, go thru as a financing cashflow item rather than an operating cashflow item. so the operating cash flows are not easily compared YoY when the most recent period will reflect an accounting change which benefits the most recent period.
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