ADH 2.99% $2.07 adairs limited

Ann: ADH FY2021 Results Announcement, page-22

  1. 307 Posts.
    lightbulb Created with Sketch. 21
    "Mocka $45m payment will impact FY22 profitability."

    no, it won't. the liability to pay is already booked, the payment just reduces cash and results in a net debt position. no impact on profit (except for a small interest charge on the debt - whiich debt ADH will quicky pay off based on how much cash the b usiness generates).

    great post above from Axe Himmans summarising the conference call. I listened too - Ronan is quite impressive. not just spin (he's a smoot fast talker), there is real substance. a happy holder.

    GLTAH
 
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