Hey Winner, I'm doing a bit of WHS homework here. Going back a month, profit forecast is for 160m adjusted NPAT. Might be a simple question, but what does the 'adjusted' part mean?
Hey Winner, I'm doing a bit of WHS homework here. Going back a month, profit forecast is for 160m adjusted NPAT. Might be a simple question, but what does the 'adjusted' part mean?
Adjusted profit is what they get when they don't count all the bits they don't think matter (one offs and abnormals like consuyants, restructuring, redundancies, project costs etc etc)
Difference between reported NPAT and Adjsuted NPAT over the last few years >$100m
But Adjusted NPAT supposedly paints a better picture of things going forward --- of course there will never be any more abnormal stuff
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Adjusted profit is what they get when they don't count all the bits they don't think matter (one offs and abnormals like consuyants, restructuring, redundancies, project costs etc etc)
Difference between reported NPAT and Adjsuted NPAT over the last few years >$100m
But Adjusted NPAT supposedly paints a better picture of things going forward --- of course there will never be any more abnormal stuff
Cheers W. I'm just getting my head around all this. The 'adjusted' bit must be what I'm missing. Otherwise, it looks like low PE, great divi, clear stella future forecast, and everywhere I go people appear to be still spending up a storm paints an awesome picture. I'm seriously questioning what's holding the SP back? Thanks for your reply. I'll keep digging.
Come on mate to be fair nearly all the adjustment in the 1H FY21 is the wage subsidy, (which according to many on here was doing the right thing) and the rest was restructuring to get more efficient.
Many would claim both these things are positive for the business...(I don't need to repeat my view on repayment of the wage subsidy again...I believe we've all firmly stamped out our opinions on that already).
WHS is in my opinion, on a fundamental basis, the cheapest stock on the NZX. I would buy more if I didn't have a fulsome sized stake already.
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
Come on mate to be fair nearly all the adjustment in the 1H FY21 is the wage subsidy, (which according to many on here was doing the right thing) and the rest was restructuring to get more efficient.
Many would claim both these things are positive for the business...(I don't need to repeat my view on repayment of the wage subsidy again...I believe we've all firmly stamped out our opinions on that already).
WHS is in my opinion, on a fundamental basis, the cheapest stock on the NZX. I would buy more if I didn't have a fulsome sized stake already.
Was only trying help mudfish out as he asked about Adjusted NPAT
Did tell him to concentrate on the Adjusted NPAT
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by winner69
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