Maybe the hazy crazy world of the Beancounter's cloudy treatment of imagined Lease liabilities are confusing issues ? ;)
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Maybe the hazy crazy world of the Beancounter's cloudy treatment of imagined Lease liabilities are confusing issues ? ;)
Absolutely, but lets face it - all we are doing as investors is trying to predict the future, whether we want to do that or not.
We try to predict it based on our observations of the past and added in some guesses (either our own or from others).
Even the people who just drive looking into the backmirror only "predict" that the future looks like the past ... just another guess - sometimes right and often wrong.
well bugger me Winner...ASB says no debt to FY2020 then suddenly $59m and $54m since.
On reading HLG report , I see they have $45m of non current liabilities at the HY and are calling it "lease liabilities".
So do you think this is an accounting change to go from "0" debt before that to this ( I recall some change in rules to do with leases but dont know the ins and outs).
If that's the case , I'm completely wrong and if HLG are indeed expanding into Aussy without debt then I reverse my negative rating on HLG. Its just the sudden appearance 2 years ago that was striking.- I`ll have to recheck RBD in light of your response too.
All apparel retailers in NZ and Oz are being hit by the same things, question is, which are best placed to handle those things and will get through them the best. HLG have a pretty good track record in that regard and their nil debt position has got to help.
I appreciate you guys for pointing that out. I've been carrying this misconception for a while now. The beauty of Share trader right here, thanks.
Market doesn't seem to have liked that profit guidance he other day ---- down nearly 10% since