-
13-10-2021, 09:15 AM
#1121
Originally Posted by Rawz
Same store ignore the stores closed due to their store rationalization program.
How about 20% less trading days but only 10% down on pcp. And thats all stores, so includes trading with 4 less stores. With margin expansion probably making very similar earnings to pcp.
Credit to management.
Yes, that's normally the metric
So how does it work for say NZ
Annual Report F21 says 49 stores in F20 and F21 - store numbers constant
But this report says Same Stores going from 17,9m to 21.0m up 17.8%
and then All Stores going from 25.4m to 22,1m ... down 13.2%
Big difference in last years numbers between Same and All when it seems store numbers are the same -- that what made me think they do some clever sneaky stuff around trading days (and not just adjusting for any closed stores)
Otherwise the numbers make no sense ....a bit like those Comvita numbers the other day
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
13-10-2021, 09:24 AM
#1122
"Otherwise the numbers make no sense"
SELL!
-
13-10-2021, 09:32 AM
#1123
Originally Posted by winner69
Yes, that's normally the metric
So how does it work for say NZ
Annual Report F21 says 49 stores in F20 and F21 - store numbers constant
But this report says Same Stores going from 17,9m to 21.0m up 17.8%
and then All Stores going from 25.4m to 22,1m ... down 13.2%
Big difference in last years numbers between Same and All when it seems store numbers are the same -- that what made me think they do some clever sneaky stuff around trading days (and not just adjusting for any closed stores)
Otherwise the numbers make no sense ....a bit like those Comvita numbers the other day
True.. seems they have adjusted for actual trading days. Hmmm.
-
13-10-2021, 09:32 AM
#1124
Sales as expected down due to lockdown blues more so in AUS than NZ, CAN doing well. Online sales tracking well, margin expansion will keep profits in tact and add to the pile of COH.
All good, here comes break out to $1..
-
13-10-2021, 09:47 AM
#1125
Originally Posted by sb9
Sales as expected down due to lockdown blues more so in AUS than NZ, CAN doing well. Online sales tracking well, margin expansion will keep profits in tact and add to the pile of COH.
All good, here comes break out to $1..
Sales down 12M so Gross Margin down say 8m and expenses up say 2m so profit maybe down 7m
Whoops forgot about corporate welfare so yes indeed profits intact
No damage this quarter
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
13-10-2021, 10:01 AM
#1126
Announcement on ASX last night ... on NZX today
Just a reminder that MHJ is an Australian based company
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
13-10-2021, 10:04 AM
#1127
Just having a look at Q1FY21 and it appears same store reflected trading days as well as this recent report. So all good. No sneaky stuff.
Analysts as per market screener think profits for FY22 will be 11% down on previous year.
All store sales only down 10% but higher margins.. so profit not down and looking at W69 'back of the envelope' calcs above might even be on par.. might see another AU$45m profit.
SB9 reminds us of the cash pile which was $72m at fy21 year end.
If Aus does huge increase in sales in Q2 this will fly. Canada did 18.8% with no lockdown. Common aussie lets see a 20%+ and this will be $1.50sp
Last edited by Rawz; 13-10-2021 at 10:21 AM.
-
13-10-2021, 10:14 AM
#1128
NO cant be right... getting another maccona instant coffee..
-
13-10-2021, 10:16 AM
#1129
Originally Posted by Waltzingironmansinlgescul
NO cant be right... getting another maccona instant coffee..
Make it double or triple shot and we can kiss goodbye to your 85c call
-
13-10-2021, 10:18 AM
#1130
Originally Posted by Waltzingironmansinlgescul
NO cant be right... getting another maccona instant coffee..
Lol. That was your 2000th post and it was in true Waltzingman style. Keep em coming
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks