Australia's largest stock trading and investment forum Australia's #1 stock forum

AU8

Click for more information

1.67%

6.1¢ aumake international limited

I was being generous assuming a 4x earnings on the total...

First 18 Last

Share
Profile

Follow
kittymittens

534 Posts.

44

30/05/18

16:13

Post #: 33380731
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 1 more message in this thread...

First 18 Last

Add AU8 (ASX) to my watchlist

SPONSORED BY