Full-Year Result Expectations, page-16

Think there may be an error with hotcopper today as the post count for this thread is 11 but I'm only seeing 4 (unless that can be explained by crazypunter posting prolifically and I've still got him/her on ignore).

When you look at the 16 result and accompanying forecasts, next to todays result, the capex spend including the new factory was forecast by dulux to be 115-120mil for fy 17 and it ended up being 96 (20mil lower) whereas next year it is now being flagged as being approximately 10mil (not 20 as you mentioned) higher than at the end of fy16, so it looks like dulux is flagging a reduction of an extra 10mil in capex over the 2 year period than originally forecast.

Also why do you have net debt to ebitda of 1.5, when the company reports it as 1.4? Not trying to be pedantic just trying to understand if you have made allowances in your spreadsheet.

I must say the result are about as good across the board as one could hope for, and I realise its probably priced accordingly, but how many times might one of said the same thing about other quality stocks such as csl etc, and the price keeps rising. Wonder when dlx will be initiating it's own share split...


poor old ppt selling down reh and dlx, who's great idea must that be?