I expect 18 cents. 20 would have seen some further update I think. Seems slightly illiquid lately. Anyone have a theory?
Printable View
Yep, more people keen to sell than people wanting to buy. I think it is that simple in this case.
Chairman says 'exceptional results' so they must be
But what the heck is '▪ Achieved CPI normalised EBIT growth of 29%' when according to the accounts EBIT increased by 7.5%
Maybe they might explain when/if they put up a presentation
An overload of superlatives in this full year announcement - had to stop reading it
EPS up 7% to 32.2 cents
http://nzx-prod-s7fsd7f98s.s3-websit...000/376581.pdf
Pretty amazing announcement. Sounds like pretty everything worked out well. Unusual to happen in an agricultural environment, but nearly unheard of that these things happen several times in a row :):
Just wondering, whether this is what peak performance looks like ... and what happens when they leave this peak?
BTW: Mainfreight would have called the results "satisfactory" at best, but for PGW this is "exceptional". Sort of telling, isn't it? It is an exception. What a message to shareholders ...
Hmm .... after getting all these warm fuzzies from the announcement, reality in the financials appears nearly like a cold shower:
ROE 14% ... I guess better than the recent years, but exceptional?
Debts (liabilities) at an all time high (66.2%) to total assets. Not that flash, is it?
Yes, revenue grew not too bad (+12%), but earnings did grow on a significantly lesser rate (+6.3%). Is this really exceptional as the chair says?
These naughty cost of sales, if anything, then they deserve the attribute "exceptional" (+12.74%), is this what the chair meant?
Somewhat disappointing ...
Happy with the results, can understand why there's no increase in divvy under current economic environment. Happy to keep collecting dividends along the way.
In these volatile times with everyone second guessing trends everywhere, steady as she goes is fine with me too...
Did your hear about the masochist who liked nothing better than a cold shower every morning?
He had a hot shower every morning. :)
The secret with any accounts, especially these days is to read and understand and adjust for those little details that add a few million here and remove a different few million there.
And of course everybody has their own filter through which they intepret things.
But these are, especially given the circumstances, a good set of results from where I am sitting.
So I will keep holding them.