Fixed that for you :)
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thank you.....:t_up: Mr B.
Okay...I'll play..., lets forget about the fact that about a dozen stores in Melbourne were shuttered for months on end and forget about the two dozen on so in Auckland in August. Quite aside from that, lets have a look at the sales growth updates for the last 10 years
2020 +14.51%
2019 +7.1%
2018 +4.8%
2017 +15.0% (Very strong growth but without the handicap of dozens of stores being closed) Interestingly in that full financial year net profit after tax was up a whopping 58.4% !...not even a remote possibility of that happening again, (which would give 73.75 cps) or maybe there is a chance it could be that high ;)
2016 +10.0%
2015 +3.1%
2014 +2.0%
2013 - 7.0%
2012 +7.0%
2011 +9.0%
Average growth rate in the most recent 5 years = 10.3% and the average growth rate before that was just 2.8%. Hmmm...surely I am not the only one that finds that quite interesting...
Looking at that average sales growth of 10.3% per annum for the last 5 years, that's deeply impressive...what if that average growth rate continued for the next 5 years :D
You're welcome mate.
Was at the AGM. The interesting thing is that they have been selling worldwide online.
The concerning thing is the higher costs due to the increased use and cost of air freight. 2021 will have have higher costs.
Thanks Dazraz. I understand the going rate is somewhere around $6 a kilo for airfreight. I don't think these swimsuits weigh much :D
https://www.glassons.com/clothing/sw...SORT_RELEVANCE
LOL As you know mate I am forecasting 50 cps fully imputed for FY21 (50 / 0.72) = 69.444 cps gross. An 11% gross yield equates to $6.31. I was praying for Santa to arrive early with my very modest top up order at $6.30. His sleigh didn't quite reach me. Never mind...
Maybe both but you could argue you're helping price discovery after the annual meeting and helping boost liquidity in the shares, doing us all a favor because we need that extra liqudity to help us along for NZX50 inclusion, soon ;) Furrbar don't reckon it will be announced tomorrow and that's okay, it will happen sometime in 2021 I reckon but maybe its the same analyst that reckons HGH's FY21 profit is only going to be $65m ?....which is looking more absurd by the day.
Maybe tomorrow is BINGO day :D