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kittymittens

534 Posts.

44

30/05/18

16:13

Post #: 33380731
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Originally posted by tc4101 ↑

Kiwibuys stores are "all profitable", but doesn't mention any net profit figures

Kiwi buy generates 12 million in sales but sells it for exchange in shares valued at $300k

One can assume it sold the company for say 20% ROI. Rough estimate the next profit for all 5 stores combined is $60k

That is absolutely pathetic. More money spent on a useless aquisition on a low margin/high expenses business.

Total dud of a deal that again has absolutely zero effect on the company's bottom line in the positive direction.

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I was being generous assuming a 4x earnings on the total purchase price (including stock) and I get at best a 1% NPAT margin. So many ways they can alter that 'profitability' claim like not taking a salary for the owners in the last year and viola it's profitable...

Last edited by kittymittens: 30/05/18

AU8 Price at posting: 26.0¢ Sentiment: None Disclosure: Not Held
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