What I love about this company is that it is easy to see what they do and how they do it. A great example of investing in something you can understand.
For instance here is the uncomplicated cash flow;: Net Cash Received$22m Investing in P, P and E ($ 3m) Pay Dividends ($10m) Excess cash 2014 $ 9m
Now with net cash of $29m NCK are well places for the WA expansion. Let's face it, they only have 39 stores nationwide in a sizeable market that is highly fragmented.
I wouldn't be surprised if we saw some weakness in sales in 1H2015 due to lower consumer sentiment since the Federal Budget. I'd love such an opportunity to top up even further on this high quality company.
Well done fellow holder!
NCK Price at posting:
$2.80 Sentiment: None Disclosure: Held
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