Ever heard of under-promise and over deliver ? l know its a rare thing on the NZX these days.
Ever heard of under-promise and over deliver ? l know its a rare thing on the NZX these days.
Maybe that slide is more about telling a very simple story to the market:
‘hey market, we are operating in very uncertain times but still have the confidence to forecast continued earnings growth for the next 3 years. Even though we have in the past had lumpy, hit and miss earnings. we now have full confidence in our business model and can guarantee consistent growth.’
How many other companies on the NZX are throwing out numbers to FY24?
A bit of sandbagging going on in that slide.. always better to exceed expectations. I think TRA will comfortably beat those numbers and true growth will be double digit p.a.
Winner - I'm new here - and I've always enjoyed your posts. But I think you are totally harsh on TRA. NPBT has grown at a 9.4% CAGR from FY18 to FY21, and from FY18 to projected FY24 thats 9.6%. A near 10% growth in profit is a growth company in my books. You are getting a sensational dividend yield and sensational capital growth. business is rarely linear and this has been a well executed turnaround for sure. But a boring old company delivers what about 6-7% per annum - total shareholder returns? You get your FAT dividends and growth on top of that.
Maybe you are just a hard cat to please???
https://mishtalk.com/economics/the-e...-as-we-know-it
Helpful hint. For american press - Washpost, NYT, WSJ - look at the site - if you find an article of interest select the headline and search for it. Scroll down and you'll find dozens of websites that have rights to reproduce it for free.
For the AFR - click on the article and the very second you see anything load hit ESC multiple times on your keyboard to stop the script from running. Or if on iphone or mobile, hit the x in the top right corner. You'll get good at it, and read for free. The AFR pretty easy to bypass, actually.
The old under promise over deliver trick eh. One of those sayings that give believers a degree of comfort but doesn't really drive market action.
If anything its a case of relief that results were close to guidance rather than actually over delivering
A few under promise over deliver stocks on the nzx at the moment - share prices going nowhere - STU a good example
Clear breakdown through 100 day MA on the STU chart but on the other hand the TRA chart is a thing of real beauty with a lovely strong ongoing uptrend remaining intact from July 2020.
FA and TA look very good to me. Happy holder.
Hey beagle - you are like that Gladys lady in NSW - her press conferences are really fascinating. Can't watch them now as she has packed a sad and not going to do as many now.
She answers questions for more than half an hour but never really answers the question - just goes back to her narrative etc etc ....but the narrative changes every now and again as things change
Sorry mate