Ann: Shareholder Briefing, page-11

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hammerjx

524 Posts.

142

01/06/17

08:32

Post #: 25030746
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Originally posted by usc75 ↑

Thanks, patprice...

Especially is one considers the following:

On 27th April 2017, BKL released its Third Quarter Results Announcement.

Key Facts: Consider 1st 9 months of FY17 (compared with same period FY16):

* Sales down 6.7%

* EBITDA down 39.4%

* EBIT down 42.2%

* Profit Before Tax down 44.5% ...and that's just for starters...

PS: But according to the word-picture painted by Management and Board, BKL is rosy red!

PPS: It's just a pity that it's fast becoming a highly unprofitable business. Makes one wonder why?

Flash Forward to Today: not one of the above Critical Issues was addressed.

This must leave shareholders wondering what's going on while founder Marcus Blackmore remains absent?

Instead, shareholders were treated to waffle, waffle and more herbal waffle.

PS: Sales without profits (now) and dividends (?tomorrow) leaves Share Price teetering on the abyss.

PPS: It's far safer with feet on the ground looking up to, rather than wavering arms and toes facing down from, the abyss.

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I'm glad I don't have to rely on this fellow's research - quite likely to be an analyst for one of the funds. He certainly likes to rationalise. He omits to mention that those figures from April 2017 relate to the pcp (nine months to March 31 2016) which was NPAT record growth up 145% from the pcp (nine months to March 31 2015). Your credibility is shot. Just be honest.

BKL Price at posting: $102.02 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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