Where it goes, nobody knows. This is a very thinly traded stock so I am sorry but I am not going to outline my plans on here before they're actioned.
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Where it goes, nobody knows. This is a very thinly traded stock so I am sorry but I am not going to outline my plans on here before they're actioned.
market is probably pricing in the big stay away from anywhere.
Central North Island small town was fill of people eating out yesterday not a mask in sight.
No RAT A TAT TAT's or can you just walk in and buy some yet?
5 dollars a very good price.
looks about 5.80 is supported on the lower bound but if something happens in a few weeks time in europe you could see 5.
support level look to be about
5.80
4.80
3.80
but its an AUS proxy traded in NZ dollars.
Its almost listed on the wrong exchange.
Could almost do with a share split.
Well, this stock has traditionally been quite the cyclical, justifiably or otherwise. In theory the AU and online sides of the business should offer something of a buffer this time around, but there's no hiding from the fact retail's in for a pounding. I'll sit back for a while yet before rejoining the buy queue.
Yeah nah, it forces future payments that businesses are contractually bound to pay, onto the balance sheet.
Disclosure is a good thing.
Think of it as a future stream of payments for rent/leases: some due in the next accounting period so they are current liabilities, others due further out so they are long term. On the asset side of the ledger are the rights accruing from having signed those leases.
Simple really.
No one is arguing against disclosure. We used to have future commitments disclosed in the notes....which was much simpler. I'm not sure of the mental gymnastics needed to say a right to occupy something you don't own through a series of future contractual payments equates to an asset...that is more complicated than recording those payments as rent and disclosing the future commitments in the notes.
agree.
it was pretty common place pre IFRS16 by analysts and investors to simply apply a cap rate to rent/lease expense, adding it to the balance sheet and deducting it from earnings, if wanting to evaluate EV/EBITDA and EV/EBIT multiples treating rental expense as debt.
now its very difficult to weed through and compare historical and current financials on a like for like difference.
anyway it is what it is and it is what we got, so on with it we go
"Disclosure is a good thing."
the contamination of the ledgers with this sort of rubbish is what smashes the balance sheets into the stands as junk.
A disclosure as a NOTE is all that was required.
The Pointie heads as one ACA called them just love f^&* Up the ledgers with JUNK...
it just makes the creation of a Meta Data standard even harder and almost impossible...
This was obvious decades ago and was discussed with Hartley on RT86..
it was hopeless then and its useless now.
Everyone always knew that entering into a long term lease conferred an enduring benefit and corresponding liability and I agree 100% that all that was ever required was disclosure of leases by way of note...but the "experts" in Zurich or wherever they are that came up with this genius new international financial reporting standard saw it otherwise :rolleyes: Probably being paid a million Euro's a year each and felt they needed to do something to justify their salary. I'd like to extract medieval revenge...put them all in stocks so we can throw rotten fruit at them lol
Sorry, I am not going to comment on future strategy as this is extremely thinly traded.