Graeme to Stuart - you did send the presentations to the NZX didn't you?
Stuart - Whoops .......I'll say the internet was down
But maybe meeting has been delayed and it wasn't 10 am after all
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Graeme to Stuart - you did send the presentations to the NZX didn't you?
Stuart - Whoops .......I'll say the internet was down
But maybe meeting has been delayed and it wasn't 10 am after all
LOL thanks for that buddy...as long as the hound sees his food bowl filled right to the brim twice a year little else matters :)
P.S. Text of annual meeting speeches now out. No specific guidance given but the following brief extract sums it up quite nicely I believe
PPS I think this is one ASM that it would have been nice to attend as one could have really got some good oil on just how much emphasis they were putting on "much improved"Quote:
and we anticipate a much improved group profit performance for
the current trading period
Sometimes one can interpret quite a bit from the tone and emphasis and body language. Never mind...market likes it so all good.
Common guys, up 11 cps...the applause is "deafening"...some enthusiasm is required or are we all at lunch scoffing on good food and wine already ?...P.S. Okay up 15 cents now on bigger than usual volume...obviously the tone of the annual meeting was very positive !
Yay!!! Bought at 2.92 5 weeks ago. Now up to 3.12 plus a big juicy dividend so could not be happier!!!! Cheers all round
I have just read the CEO's and Chairman's addresses.
Thought they were full and frank.
All the information I need.
The online sales increase is outstanding.
With new stores,new format stores, I think the trading update at the end of January will be excellent.
New boss to replace Graeme looks a good choice
Might have something to do with the exhuberence today
Good stuff mate !
10% sales increase, can someone do some background check, when was the last year that happened ?...certainly not within the five year comparative summary timeframe I've read in the annual report.
Must be that new competition growing the size of the pie overall as Percy quite rightly suggested some time back.
That sized increase in sales, on expanded margins and a stable cost base...join the dots...to get next year's very significant increase in profit.
Yes, Mark Goddard's Australian retail experience should be helpful if they push further into that market and ensure he's not lost in space there. CEO made some comment on the new boys on the street:
"Two months ago we faced competition from both H&M and Zara in New Zealand for the
first time when both brands opened at Sylvia Park, Auckland. To meet that competition we re-built
our stores and I can report performance has improved since the ‘new competition’ has opened."
That's fighting talk!