New CEO has executed very well!
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New CEO has executed very well!
Retirement of NED / appointment of new NED - NZX, New Zealand’s Exchange
Well she lasted a long time.....
A better than expected result. Plenty of cash still. And the market likes it…
Wow, 8 cents per share in earnings down 50 % from pcp...might make 17 cps this year. Gargantuan increases in marketing costs and administration costs, see page 7.
Forward PE is 37...priced higher than some of our leading companies with a multi year track record of strong growth.
http://nzx-prod-s7fsd7f98s.s3-websit...542/364914.pdf
DYOR, I am not touching it.
Yes winner . I brought a pile a while ago so very pleased today. Would be wrapped with $15 but think around $7 to $8 more likely unless a takeover.
If they have stabilised the ship what are they going to do with all that cash.
Bang on, market is forward looking. Listening to analyst conf call, can’t help but feel DB is extremely capable CEO and doesn’t hype things up. Analysts were very complementary of his efforts in turning the ship around and you know what happens to sp when you’ve earned their confidence. Even the famous Sam Teeger of Citi is quite pleased with result.