I have a "dodgy" quotient for this company. And so far it's within bounds.
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1987 type stuff … change balance dates, change accounting policies, change comparative numbers - anything to make the numbers looked a lot better than what they really were?
Remember how Fay Richwhote used to change their accounting policies on investments, valuing at cost or market depending on what the share prices of the investments were?
Something isn't right here... Year ended 30 June 2022 Total sales were 370million compared to 2023 466million. EDBITDA 65million (2022) compared to this year 2023 of 64 million. Highlights shows 27% increase?
They only seemed to note it last year in the presentation and did not ‘normalise’ any numbers …..saying ebitda was $65m and a bloody great effort when normalised it was only $50m
If they had it would have put this years $64m in perspective
And I don’t think they mentioned anything in half year
If