went through all reports again today just make things make sense. i can see that the operating cash flow was definitely a one off from the 24 mill payables so that makes sense. they had 16 mill plus 31 plus 14 mill cash flow minus 24 leaves 37 or so mill left minus dividends leaving 25-26 mill cash in inline with wat they said last year. there was actually no taxes paid which interesting so net profit is actually 14 mill full year sales could be about 137-145 give or take which is good growth from 132 last year. assuming operating expenses stay the same full year should be 18-20 mill. we may get say 3 mill of dividends because the 3.5 mill of the 7 for cap exp has already been spent. outlook for 2020 better cause no more payables problems to distort results. new store openings this year as well as transition on some of its ranges. us penetration is increasing if u look at their instagram. however they need to put in more effort. overrall will still be able to grow and distribute more cash. analysts are looking at the just the current results and not really seeing the true operation for wat its worth. oh and return on equity is 40-50 percent f net profit is 18-20 mill let that sink in. also we are geting afterapay in nz if you look on their facebook page, this will obviously drive more sales. overall still think 1.80 to 2 dollars represents its future value.
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